When to Buy a New Car?

I’ll never claim to be a frugal person, but in regards to large purchases, that’s where my frugality shines. And by shines, I mean “has scratches.” My Toyota Solara (1999), which I purchased used off of a man selling it on Craigslist in 2005 with 130k miles on it for $7,000, is showing signs of “time to get rid of me.” I’m trying to figure out exactly when I do get rid of her… which, if it’s up to me, will be the day she stops running and no one can fix her for less than 1/2 her current value.

What’s wrong with her? Let me count the ways.

- front bumper on left side is ripped off (from “no fault” accident (it was his fault))
- air conditioning is broken
- left window won’t  open
- radio is broken
- back tires need to be replaced

She has 190k miles on her, which for a Toyota might not be a death sentence yet, but still influences my decision whether or not to fix her up or sell her for pennies on the dollar, and buy a new (used) car.

This is the first car I’ve ever owned, so I’m unsure when I should make the plunge and start shopping for a new car. In theory, I’ve been able to save $3k per month so buying a new (used) car that is similar in quality and value to my current car (when I bought it) would only eat up 2.5 months of savings. Then again, maybe I’d want to buy a slightly nicer car. I really want a (used) Prius. What do you think?

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Her Middle Class Ass Flying First Class

On my return flight from a recent business trip, a series of events and my “elite” status, for the first time ever, upgraded me to a seat in first class. I was overcome with excitement, as I’d never pay extra for first class even if I had the money, but it was nice to receive the benefits of being a loyalist of the airline I fly all the time.

When my name was called to the desk a few minutes before boarding, I was concerned I was going to be bumped off the flight. Instead, I was handed a new boarding pass — seat 2B.

For a minute, I thought I just got moved. But then it hit me… 2 meant 2nd row, and 2nd row meant first class.

In the brief minutes before boarding, I daydreamed about what it would be like in first class… after all, flying coach hundreds of times, I always assumed first class was an incredible experience worth the extra cost. Weren’t the seats going to be so posh? Was there going to be special entertainment? Would the bathroom be large enough to turn around in and not smell so darned disgusting?

Then, I looked down at my clothes and realized that it was very clear that I was an “upgrader,” a middle class gal flying first class due to my elite mileage status (thanks to so much work travel.) I started to get a bit nervous… more about all those people sitting in economy who would be walking past the first class seats, as I normally did, glancing over the first classers and wondering who these people are and why they are willing to spend so much on a flight from point A to B. I was going to be one of those people.

As a first classer, I boarded early and sat in my seat. It was definitely more cushy and roomier than an economy seat, but I still couldn’t find a comfortable way to sit in the chair. Shortly after boarding the flight attendant took our drink orders for before the flight took off. Apparently, booze is free in first class. I ordered a bloody mary to calm my nerves, and because the man across the aisle also ordered a bloody mary and I wanted to fit in. One thing that hadn’t changed was how the flight attendant came by about two minutes later forcibly collecting the drinks, even if you weren’t finished. I drink slow, so I hid mine and she didn’t bother me.

After takeoff, another drink was offered. Another bloody mary. What the hell, I’m in first class.

The back-of-the-seat televisions were identical to those in economy (on this airline) but I didn’t have to pay $6 extra to watch for the entire flight. Score. I watched American Idol. A very middle class thing to do in first class, but I didn’t care. Others seemed to be watching business news or sports.

I had stuffed myself on airport food before boarding the plane, as I wasn’t aware I was to be upgraded to the fine dining portion of the plane. The only option left, when they got to my seat, was prime rib, or something like that, which sounded fancy but wasn’t something I eat. I had some chicken soup that was very good and some more alcohol. They poured wine for everyone with dinner. I wasn’t about to refuse. That wouldn’t be very posh of me, now would it?

The biggest disappointment, I must say, was the first class bathroom. It was identical to the bathroom in economy, except, of course, less people were using it. But I really wanted it to be some other color at least, something exciting and fancy. It wasn’t.

When I landed, I returned to my regular middle class regime. I certainly didn’t mind flying first class for once in my life, and if I get that “upgrade” call again, I’ll be fast to accept the offer.

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Cars are EXPENSIVE

Finally brought my car in to get checked out today. That’s after getting into an accident (a spin-out, I didn’t hit anyone, but figured I should ask a professional why my car has been shaking a bit since) and hitting a deer (broken headlight. would thank the deer for the car alteration, but he’s dead.)

Anyway… it turns out that my car needs about $1500 in repairs. Yikes. This is my first car and I’m not sure what to do about it. At first the mechanic told me that it would be $3000 in repairs and I kind of freaked. But then he figured out the timing belt actually was changed at 108k before I bought the car (some sticker was missing or something) so somehow that made the $1500 repairs seem “cheap.”

Today I got my front breaks fixed. That, including the inspection and an oil change, cost me $598. I still have to get my smog checked and pay my registration fee and insurance. I think that was due 15 days ago. Oops. Should send that check in soon. Late fees love me. Or maybe I secretly deep down love late fees. (No, I don’t think so.)

I can’t believe how much money I’ve been spending lately. — I don’t want to even think about how my mutual fund and Roth IRA are doing right now. Don’t get me wrong, I check every day, and I’m down about $600 (EEK) but I’m trying to sit tight and tell myself if the markets can be this shitty they can also be the opposite. I’m hoping that’s true. Still trying to figure out this whole deal with the subprime mortgage lending stuff that screws over the stock market. Have been reading a bit about it but I’m still a bit confused. I’ll figure it out eventually.

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Sitting on the floor of a parking garage; goodbye $165

I have a brilliant talent for making my life miserable. I decided to drive into the city today and park in my free spot by the office, which was a good 30 minute walk from the conference I was attending downtown. That all went fine, and despite being upset about my loafers not being the most comfortable walking shoes, I felt proud of saving the few extra bucks it would have cost to take the train or park closer.

Then what do I do? I manage to lose my car key. Yes, somehow during the course of the day my key fell off of the key chain and well, long story short, I do not have a car key.

There goes $165 (or more) plus three hours of my life that i’ll never get back.

I can deal with the wasted hours. But the $165? So much for my payraise.

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