I am 53 years old. Never in my life have I allowed myself to buy a car I truly love...until now. This is the story of how I allowed myself to make a huge purchase just for the joy of it. And it wasn't even a purchase I'd intended to make. Let me explain.
During the peak of the pandemic (early July 2020), I paid $35,990 for a used 2019 Mini Countryman SE All4. The Countryman — which I call a "Maxi Cooper" — isn't a bad car, but I regretted buying it almost immediately. I'd intended to replace my 2004 Mini Cooper with a newer version of the same model, but allowed myself to be talked into a compact SUV.
For two years, I drove the Maxi Cooper and tolerated it. It wasn't a bad car by any means, but it was a bad car for me. I'm not an SUV guy. I'm a small-car guy.
Congratulations — you’re about to snag a new ride! We’re assuming that you’ve already done some research: You know how much you can afford to spend, which car you want to buy, and the true market value (what other people are paying) for that car in your area.
And now you’re ready to buy. Follow these steps to get a good deal and make the car-buying process at the dealership as painless as possible. To help make it easier, download our cheat sheet and take it with you.
It's funny. Fifteen years ago, daily personal finance was a chore for me. I didn't understand how to go day to day making smart choices that were aligned with my values. I wasn't even sure what my values were!
Today, things are much easier. Sure, there are challenges. Sometimes I make poor choices. But mostly, what I spend aligns with what I want out of life. (With the caveat, of course, that who I am and what I want shifts over time.)
I'm glad I've developed good habits. Right now, it's keeping me from making a rash decision. For most of 2019, Kim and I have both been fighting the new-car itch. The old J.D. would have succumbed by now. This year's model still does dumb things like spending hours building custom cars on the Mini website, but so far I'm not scratching that new-car itch.
Yesterday, Kim and I joined my cousins for an afternoon trip to the Oregon Coast. Our aim was to harvest a bounty of clams. We came home with zero. We managed, however, to harvest a bounty of mussels. Plus, the dog had fun.
My cousin Duane carpooled with us to and from the beach. We rode in Kim's car: a 1997 Honda Accord that's showing signs of its age.
While I'm not a rabid anti-car crusader, there's no doubt I think the U.S. is too car-centric. I understand the historical reasons behind our vehicle dependence -- we're a young nation with sprawling cities spread far apart -- but I also believe that if you, as an individual, make an effort to live in a walkable (or bike-able) neighborhood, you can save tons of cash while enhancing your lifestyle.
How much can you save? Well, that's tough to quantify. There are a lot of variables that go into the calculation.
Using a commute calculator
The folks at Transportation Evolved, however, have made an effort to crunch the numbers. They've created a cost of commuting calculator that takes into account a wide variety of factors -- then allows you to further explore how this cost affects your true hourly wage and the opportunity cost of lost investment income.
Earlier this month, I shared a link to a comprehensive guide to certified pre-owned vehicle programs. In doing so, I mentioned that Kim and I both believe that you should drive a car until it dies. This prompted a great question from Tired Scientist in the comments. She wrote:
Exactly what is the definition of "until it dies"? My husband and I have gone around and around on this question ourselves. We both believe in driving a car "until it dies", but disagree slightly on the definition of this–because, unlike with the human body, almost all problems on a car are fixable given enough money.
Kim and I have been talking a lot about cars during the past few months.
She drives a 1996 Honda Accord with 226,000 miles on it. The car runs fine and has served her well, but she's begun to think about the possibility of upgrading.
I still drive my beloved 2004 Mini Cooper, but the little guy has had some issues lately. (Right now, it's in the shop because the clutch burned out. In the process of replacing that, the mechanic discovered that the transmission needed to be replaced -- thanks to towing the car behind our RV for 15 months.)
What was your first reaction when you saw "salvage title" in the headline? Cringe and shudder? Outrage, that anybody could seriously suggest something so risky on a respectable site like this? In mixed company, no less? Step away from the ledge, slowly, exhale, and then hear me out.
I used to feel the same way … until my friend Peter showed me his "new" 4Runner. Peter is a super-frugalista, and he saw the surprise in my eyes. He laughed, "Hey, it's a salvage title -- I got it real cheap."
He bought his son one of those, seven years back, and that car has run problem-free all that time. So he thought, "Why not get one for myself?"
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I was in the 6th grade when I first laid eyes on her. She was a 1989 BMW 635i Coupe that did donuts in the school's parking lot after class thanks to an obnoxious, rich 11th-grader who got the car as a birthday present. I was immediately smitten and promised myself one day I'd be able to buy such a car too.
The new 6 series BMW came out in 2005 and all the memories came rushing back. What cost only $35,000 then now cost $75,000 thanks to inflation and an infinite amount of new features. I don't know about you, but $75,000 is a big chunk of change and is way beyond my 1/10th rule for car-buying I say everyone must follow.
I figured instead of spending $75,000, why not go back in time and actually buy that 1989 635i Coupe! My brilliant idea led me to Craigslist where I found my true dream car listed in "fantastic condition with only 160,000 miles"! That's only 8,000 miles a year I rationalized, and off I went to see the seller 45 minutes away.
![This article originally appeared on NerdWallet](https://www.getrichslowly.org/wp-content/uploads/nerdwallet.jpg" "This article originally appeared on NerdWallet")
Congratulations — you’re about to snag a new ride! We’re assuming that you’ve already done some research: You know how much you can afford to spend, which car you want to buy, and the true market value (what other people are paying) for that car in your area.
