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Registered
Join Date: Jun 2003
Location: St Petersburg, FL
Posts: 3,814
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Its best to buy an older reliable car outright.
Even if it required occasional repairs, chances are likely they will be a lot cheaper and less frequent than a new car payment.
Speaking of escorts, when I took my daily driver 930 off the road I too needed something cheap and reliable.
I found a 94 escort wagon with 198,000 miles on the clock for $250. Talk about ewwww, but the price and its ability to haul around porsche parts made it a good deal for me. It needed a few minor repairs but parts were so cheap they all cost me less than $100.
A couple years down the road it now has 225,000 miles on it and the only other repairs I have had to make are replacing the water pump, timing belt and alternator. The total maintenance costs have been less than $350.
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