Here’s the latest reader question, along with my reply!
Kenny asks: I’m a fellow Libertarian and found you out through my regular listening of the Tom Woods Show. I really do appreciate what you have to say about cars in relation to liberty! So, I own a 2000 Honda Accord EX with a V6 engine. It currently has more than 193,000 miles on it. I have maintained it by regular oil change, changing tires, etc. Generally, it’s still in fairly good condition. Do you think this car is worth keeping? I’m in no hurry to purchase a car, but I just wanted to know what you think before I make any rash decisions down the road. Looking forward to your response!
My reply: There are several variables to chew on here. First, it is almost 20 years old and has nearly 200,000 miles on it. On the other hand, it’s a Honda Accord – and these cars are exceptionally well-made and reliable. It is a reasonable bet that the car will continue to be generally reliable for at least another couple of years. However, you will almost certainly have to spend money every now and then for various repairs. But will they be Big Ticket items or relatively minor? That’s the real question here – and it has to be weighed against the certain cost of buying a new (or more recent vintage used) car.
Right now, the car is running well. That means you are not facing a crisis-motivated decision (i.e., the car suddenly breaks down and it’s a Big Ticket repair; you’re stuck having to either pay for the Big Ticket repair – which may not be wise – or rush into a purchase of a replacement car).
So, here’s my suggestion:
Begin looking – leisurely – for a replacement now, while there is no pressure to buy anything. Begin thinking about makes/models; maybe go look at some, take a few test drives. But don’t buy until you come across a really fantastic deal on a car that you really like.
You are in the best car-buying place of all: You don’t have to buy anything right now or next week – or next month. Maybe not until next year.
Some of the worst car-buying mistakes take place when the person buying feels pressured to get a car right now – or at least, as soon as possible – because their old car had the equivalent of a massive stroke and they’ve got no wheels and are borrowing other people’s cars, hitching rides and so on.
Dealers respond to that buyer desperation like Pavlov’s dogs.
So, never be desperate. Buy at your pace, when you’re ready.
If everything works out just right, you’ll be able to find a replacement for your Accord before anything major goes wrong with the Accord. Then you’ll be able to get maximum value for it. You’ll get a great deal on the new car – and on your old car, which you can sell (again) at your leisure. No pressure to dump it.
In the meanwhile, continue driving the Accord. I would. It will probably be okay for the foreseeable future.
It is, after all, a Honda!
. . .
Got a question about cars – or anything else? Click on the “ask Eric” link and send ’em in!
If you like what you’ve found here, please consider supporting EPautos.
We depend on you to keep the wheels turning!
Our donate button is here.
If you prefer not to use PayPal, our mailing address is:
721 Hummingbird Lane SE
Copper Hill, VA 24079
PS: EPautos magnets are free to those who send in $20 or more. My latest eBook is also available for your favorite price – free! Click here. If you find it useful, consider contributing a couple of bucks!