OutlawDrifter
Long Roof K2500 Driver
Greetings OD, from the above I can tell that we were raised by similar parents. :0)
My first (and last) new car was an '84 Mustang GT. 5.0/5-speed/factory Holley 4v, posi,
quadra-shock, etc.) Have wonderful memories of that car, was finally able to remove
the giant chip on my shoulder about never owning a new car. However, in 3 short car
payments (and eating a lot of mac & cheese) I was cured of the need to own a new car.
Problem was, I still had 45 more payments in my little payment book.
(Remember those? I didn't think so. :0)
So I revised my car ownership mission statement. No longer did I want to own a new
car. It became "I prefer to drive an interesting car in new condition." And FWIW, I sold my
new car in order to buy my first house.
****
Currently here in NY, the state sales tax is 8%. So let's say that you manage to find a new truck
that can do the work you want for only $50K. (Google link) This means that before you
pay the first $ on your note (principal or interest) you first have to pay the state exactly
$4,000 in sales tax. (!)
So, when I tell people that even after buying my '99 C2500 for $3000 & making it roadworthy,**
I am still driving on just the NY state sales tax on an equivalent no frills '23 2500HD model.
Driving old is not for everyone...but it's perfect for me. And quality time spent in front of
the workbench/blast cabinet/flowbench is time that keeps my mind gonkulating and my person
from being talked into more sketchy pursuits. :0)
I was taught the 'cents per mile' thing at the airbase by my mentors. There are a lot of
car enthusiasts amongst airplane wrenchers, but in VT the 'get to drive' cars/trucks were
reserved for the sunny daze, while the 'got to drive' DD took all the adverse weather/salt/etc.
Anyway, the parking lots were full of used old soldier Civics, Tercels, Escorts, and Cavaliers. Why?
All those guys were playing to join the 10¢ per mile club. Buy a used car with a mechanical
mid-life crisis for $2000, put $2000 worth of brakes/shocks/tires/clutch/wiper blades/whatever
into it...and once you drove the thing for 40,000 miles, you were in! My personal best was
3¢/per mile. ($1500 well-used '89 Civic hatchback w/electrical issues, $1500 total parts over
90K miles...and since I had it dialed in thanks to treasure yard upgrades I actually enjoyed the
'gotta drive' miles -- win win! :0)
So when people ask me that if I'm such a car freak why don't I own the new Ferrari V12 SUV
as my DD, I simply reply that even if I spent $0 on maintenance, I'd have to drive it for over
4 million miles before I could get it into the 10¢/mile game. So, it's off the table. And I'm
going to have to somehow figure out how to find my 528 ft/lbs of torque somewhere in
my own back yard. :0)
Sincerely,
Frugal Gump
**Sales tax, ($240) 4 new Bilsteins ($306) all new rear brakes/p-brake cables (~$200-250?) & misc plugs/fluids/etc ($150)
We figure the cents/mile a little differently
I add in fuel/taxes/tags/insurance/maintenance/etc and don't worry about the initial tip in payment. Mine is more of a rolling number month-to-month versus the lifetime ownership. I don't generally keep stuff that long, and normally I roll it for far more than I have in it(I keep spreadsheets). Since 2020 I haven't had much opportunity to pick stuff up on the cheap with used prices going nuts.
P.S. I have never bought or owned a brand new car/pickup/suv...ever (equipment and semi purchases not included)
P.P.S OP sorry for the thread hi-jack!