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Reply #42: A word of advice on the whole Buy American point... [View All]

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ElboRuum Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-15-06 12:51 PM
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42. A word of advice on the whole Buy American point...
I know that "patriotic purchasing" is one of the watchwords thrown about these days and in the past, but here's a clue about that:

Most cars sold today have their parts manufactured overseas in multiple countries. Some assembly still occurs here, but you can't tell the "nationality" of the car simply by looking at the make. In addition, a lot of cars made by "overseas" manufacturers are actually made by companies owned by others, as there have been a lot of buyouts over the last decade. Ford owns Jaguar and Mazda, VW owns Lamborghini (I think, or was it Ferrari?). And so on.

Often you can get a really good used car that's two years old or less which has depreciated 15% or more below its initial sticker, with most of its good years still ahead of it.

Your niece's recommendation is correct, such instruments like bank loans, whether they be home equity or some other product, are often a better percentage rate and/or more flexible repayment terms. I've also seen some new cars coming out that aren't hybrids (like this Yaris I've seen) that are essentially responses to gas prices and get great mileage. I can't speak to their quality, but that kind of information is readily available with a few quick searches on the 'net.

My experience with the car buying process generally echoes what you've described:

1) Pick something you like within your price range or that suits most if not all of your needs, no purchase is less satisfying than a car that you 'settled' for.
2) Entertain the possibility that you'll be willing to take a used model with low mileage over a brand new car.
3) Never think of a car as an investment. It starts losing value the second you roll it off the lot.
4) Do your homework. How much can you really afford? Read reviews. Check the MSRP. Find out what options are offered. Check the reliability ratings for the make, model, and year. If it's a used car, get the book value of the car and always find out how many previous owners it has had. Being informed will make you more formidable an opponent for the salespeople when you finally get to the dealership.
5) Out-of-house financing options often give better deals than in-house financing.
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  -Auntie's Automobile Advice AuntiePinko  Jun-14-06 05:01 PM   #0 
  - Buying used makes a lot of sense for a lot of reasons  Warpy   Jun-14-06 05:15 PM   #1 
  - Just don't waste money on "Toyota certified"  LiberalEsto   Jun-14-06 06:06 PM   #5 
     - Word  XemaSab   Jun-15-06 08:24 AM   #15 
  - Pretty good advice.  Vidar   Jun-14-06 05:15 PM   #2 
  - Try a '71 Ford Pinto.  leveymg   Jun-14-06 05:25 PM   #3 
  - Don't forget the mandatory bumper sticker:  Jackpine Radical   Jun-15-06 08:19 AM   #13 
  - Go for the "King Cobra" 122hp V8 Pinto/Mustang II version!  herbster   Jun-15-06 11:30 AM   #38 
  - That mustang saved the name...  lparsons   Jun-18-06 01:17 PM   #69 
  - Just don't get hit from behind.  geardaddy   Jun-15-06 11:35 AM   #39 
  - I drive an ALL-American automobile  Bob K   Jun-15-06 12:27 PM   #40 
  - Honda Civic used  NV Whino   Jun-14-06 05:42 PM   #4 
  - We've had great luck with used Civics.  Jackpine Radical   Jun-15-06 08:51 AM   #21 
  - So you're saying that  SheilaT   Jun-15-06 10:03 PM   #49 
  - Yeah Honda Civic, good call  Ravenseye   Jun-15-06 09:11 AM   #25 
  - Civics are great cars  DiverDave   Jun-16-06 07:25 AM   #56 
  - A Low Mileage Saturn!  Demeter   Jun-14-06 06:38 PM   #6 
  - I just got rid of my '95  SacredCow   Jun-15-06 09:08 AM   #24 
  - I'd suggest a 2 to 4 year old Camry, Accord or Taurus. The Camry  lectrobyte   Jun-15-06 07:25 AM   #7 
  - Look up the oil sludging issue on Google  LiberalEsto   Jun-15-06 08:25 AM   #16 
  - Yeah, but a 2 to 4 year-old Camry isn't built in 1997-2001. I've had some  lectrobyte   Jun-15-06 08:39 AM   #18 
  - I have a '97 Accord  bluescribbler   Jun-15-06 11:24 AM   #37 
  - built in america  sconger   Jun-18-06 07:49 AM   #66 
  - I've gotten three of  SheilaT   Jun-15-06 07:36 AM   #8 
  - I'm not sure if stick shift = better mileage anymore...  SacredCow   Jun-15-06 09:15 AM   #26 
     - Differences in MPG can be small, but sticks will always be more efficient  Tin Man   Jun-15-06 07:34 PM   #46 
     - I hear all of that,  SacredCow   Jun-15-06 10:11 PM   #50 
        - Hmmm, looks like we got a mystery to solve....  Tin Man   Jun-16-06 07:15 AM   #55 
        - Yeah...  SacredCow   Jun-16-06 07:59 AM   #57 
           - Maybe it's time...  Tin Man   Jun-16-06 11:45 AM   #60 
              - I'm not going to stress over it....  SacredCow   Jun-16-06 01:18 PM   #62 
        - trade cars for a while  haydukelives   Jun-16-06 08:50 AM   #59 
           - Logical thought....  SacredCow   Jun-16-06 01:22 PM   #63 
     - I've been told for about the past twenty years or so  SheilaT   Jun-15-06 09:56 PM   #48 
  - Source For Used Cars  VogonGlory   Jun-15-06 07:36 AM   #9 
  - Used cars  LibertyLover   Jun-15-06 07:48 AM   #10 
  - DON'T LEASE  Deep13   Jun-15-06 07:51 AM   #11 
  - buying used  melm00se   Jun-15-06 08:01 AM   #12 
  - Good advice - buy used  pberq   Jun-15-06 08:21 AM   #14 
  - A used Honda Civic or Toyota Corolla - You'll support co's that invest in  demo dutch   Jun-15-06 08:26 AM   #17 
  - Good advice from the 1st poster...  4_TN_TITANS   Jun-15-06 08:41 AM   #19 
  - Actually, I've heard that battery thing is a myth.  LisaLynne   Jun-15-06 08:47 AM   #20 
  - Given the number of hybrids on the road, I hope you find out a lot  lectrobyte   Jun-15-06 09:05 AM   #23 
  - I'm not claiming it's 100% accurate...  4_TN_TITANS   Jun-15-06 09:27 AM   #27 
     - It's significant, but it's basically just a car with a bunch of laptop  lectrobyte   Jun-15-06 10:10 AM   #31 
  - I heart my Scion xA  trogdor   Jun-15-06 11:13 AM   #36 
  - I have a Scion xa and I love it.  proud2Blib   Jun-16-06 01:28 AM   #51 
  - Hyndai Elantra  307 MMS   Jun-15-06 08:57 AM   #22 
  - Toyota Echo  AverageJoe   Jun-15-06 09:46 AM   #28 
  - I will vouch for Echo too - I routinely avg 43 mpg in mostly rural driving  Tin Man   Jun-15-06 12:34 PM   #41 
  - Cars  MrDoggity   Jun-15-06 09:47 AM   #29 
  - Hybrids not always a good choice  carincross   Jun-15-06 09:48 AM   #30 
  - I'm on my third Taurus  jdadd   Jun-15-06 10:18 AM   #32 
  - Read Consumer Reports Cars Issue  JPZenger   Jun-15-06 10:38 AM   #34 
     - I swear by Consumer Reports too  creeksneakers2   Jun-15-06 06:56 PM   #45 
  - Used -- 2-3 Years Old -- 20-30K Miles -- From Dealership  Tace   Jun-15-06 10:34 AM   #33 
  - Cars  joytomme   Jun-15-06 10:47 AM   #35 
  - A word of advice on the whole Buy American point...  ElboRuum   Jun-15-06 12:51 PM   #42 
  - ford owns mazda  sconger   Jun-18-06 07:52 AM   #67 
  - Buy a used Honda- built in Ohio or Canada  Earl from Ohio   Jun-15-06 02:38 PM   #43 
  - When did Honda get organised?  jdadd   Jun-15-06 08:23 PM   #47 
  - some excellent advice posted here ...  Lisa   Jun-15-06 06:45 PM   #44 
  - Get to know your car mechanic.  tomreedtoon   Jun-16-06 03:37 AM   #52 
  - Boy, I guess I'm lucky  hraka   Jun-16-06 06:56 AM   #53 
  - Do you remember the movie 'Who Framed Roger Rabbit?'  greiner3   Jun-16-06 07:03 AM   #54 
  - Fix the taurus  haydukelives   Jun-16-06 08:46 AM   #58 
  - scions  emarch   Jun-16-06 01:10 PM   #61 
  - I have bought used the last two times I bought a car  alarimer   Jun-16-06 06:52 PM   #64 
  - The two best things I ever bought in my life were an 81 Honda  nealmhughes   Jun-17-06 12:52 AM   #65 
  - Finding American cars...  lparsons   Jun-18-06 01:08 PM   #68 

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