Author Topic: How to invest in my car...  (Read 1592 times)

Janelle

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How to invest in my car...
« on: May 18, 2014, 11:09:48 AM »
Hey fellow mustachians!

I currently drive a 2001 Honda CRV with 270,000 miles on it. I bought it from family and paid cash for it forever ago. Right now I commute to work on my bike because it's only 3 miles away but in a few months I will start commuting to graduate school (45 miles away) a couple days a week.

The car runs great and I just replaced the tires and breaks, but I'm getting a pretty big paycheck from my side gig and would like to invest it in to the car in the hopes that it will run for a very long time. Replacing the timing belt is on my list. I know there are some car folks on this blog, and am hoping some of you can suggest other items that should go on the list. The car hasn't had much besides oil changes for about 100,000 miles.

I don't have any tools or knowledge about cars, so it's going to a garage, but my windfall paycheck is going to be in the $2000 range.

CarDude

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Re: How to invest in my car...
« Reply #1 on: May 18, 2014, 11:13:56 AM »
To be honest, when dealing with Hondas and Toyotas, as long as you keep the oil changed regularly and pay attention to your timing belt intervals (presuming you've got a belt and not a chain), you're generally fine as long as the car runs well (e.g., starts every time, doesn't hesitate, no smoke out the tailpipe) and doesn't have engine lights in the dash. Besides your timing belt change, I'd put the money in a savings account so when issues arise, you'll be ready. The CR-V is one of the most reliable cars on the road.

PeteD01

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Re: How to invest in my car...
« Reply #2 on: May 18, 2014, 02:39:28 PM »
Hey fellow mustachians!

I currently drive a 2001 Honda CRV with 270,000 miles on it. I bought it from family and paid cash for it forever ago. Right now I commute to work on my bike because it's only 3 miles away but in a few months I will start commuting to graduate school (45 miles away) a couple days a week.

The car runs great and I just replaced the tires and breaks, but I'm getting a pretty big paycheck from my side gig and would like to invest it in to the car in the hopes that it will run for a very long time. Replacing the timing belt is on my list. I know there are some car folks on this blog, and am hoping some of you can suggest other items that should go on the list. The car hasn't had much besides oil changes for about 100,000 miles.

I don't have any tools or knowledge about cars, so it's going to a garage, but my windfall paycheck is going to be in the $2000 range.

Just check all the fluids, test the antifreeze and make sure that the belts (not the timing belt - that's a different issue and needs to be done on schedule, particularly if the engine is an interference engine) are not worn. Also have the brake pads checked if oil changes were really the only thing that was done in 100k miles. Running the brake pads down to the metal is not only dangerous but can mess up the rotors and that would be an unnecessary expense.  Look at your service manual and find out what is recommended as a major service - some things on the list are not necessary, post here if you have a question.