Another Reason To Own A Mustang

http://www.muscularmustangs.com/2010..._ownership.php

Patrick

NoOp > wrote in news:7207a2d3-1d51-44e7-846d-
:

> http://www.muscularmustangs.com/

In Canada:
2011 GT: $40,000.at 7% over five years, $48,000/$9600.00
Not including taxes, gas consumption fee, etc.
Insurance in a city: $3000.
Gas: $3000.00 (roughly)
Maintenance: $500.00
Misc: $150/yr

$17,000 or so per year.

However, if you buy collector car ins. you can cut the insurance cost to
1/10th of normal.

"Rich" > wrote in message
...
> NoOp > wrote in news:7207a2d3-1d51-44e7-846d-
> :
>
>> http://www.muscularmustangs.com/
>
> In Canada:
> 2011 GT: $40,000.at 7% over five years, $48,000/$9600.00
> Not including taxes, gas consumption fee, etc.
> Insurance in a city: $3000.
> Gas: $3000.00 (roughly)
> Maintenance: $500.00
> Misc: $150/yr
>
> $17,000 or so per year.
>
> However, if you buy collector car ins. you can cut the insurance cost to
> 1/10th of normal.
>

All of this seems to assume that you keep the car only as long as the loan
is in effect.

TFrog and I have just celebrated 17 years together. Spreading the initial
cost of the car (>$17K) and all other related expenses over that time span
reduces the annual cost of ownership greatly. So that's the key - buy the
car and just hold onto it. Trading in every four years is a financial
killer.

)

dwight wrote:
>
> "Rich" > wrote in message
> ...
>> NoOp > wrote in news:7207a2d3-1d51-44e7-846d-
>> :
>>
>>> http://www.muscularmustangs.com/
>>
>> In Canada:
>> 2011 GT: $40,000.at 7% over five years, $48,000/$9600.00
>> Not including taxes, gas consumption fee, etc.
>> Insurance in a city: $3000.
>> Gas: $3000.00 (roughly)
>> Maintenance: $500.00
>> Misc: $150/yr
>>
>> $17,000 or so per year.
>>
>> However, if you buy collector car ins. you can cut the insurance cost to
>> 1/10th of normal.
>>
>
> All of this seems to assume that you keep the car only as long as the
> loan is in effect.
>
> TFrog and I have just celebrated 17 years together. Spreading the
> initial cost of the car (>$17K) and all other related expenses over that
> time span reduces the annual cost of ownership greatly. So that's the
> key - buy the car and just hold onto it. Trading in every four years is
> a financial killer.
>
> )
>
>
My 2000 GT was $22,000. Gas for the last 10 years, about $8,000,
Insurance, about $8,000. Total-$3800 per year.

"Collector car insurance"?

I am sure that there might be some codicils to that kind of deal.... Or are
you suggesting that telling lies is the new morality?

"Rich" > wrote in message
...
> NoOp > wrote in news:7207a2d3-1d51-44e7-846d-
> :
>
>> http://www.muscularmustangs.com/
>
> In Canada:
> 2011 GT: $40,000.at 7% over five years, $48,000/$9600.00
> Not including taxes, gas consumption fee, etc.
> Insurance in a city: $3000.
> Gas: $3000.00 (roughly)
> Maintenance: $500.00
> Misc: $150/yr
>
> $17,000 or so per year.
>
> However, if you buy collector car ins. you can cut the insurance cost to
> 1/10th of normal.
>

Jim Warman wrote:
> "Collector car insurance"?
>
> I am sure that there might be some codicils to that kind of deal.... Or are
> you suggesting that telling lies is the new morality?
>
<snip>

I recently called my insurance agent about getting collector car insurance
on my 1984 Mercury Capri RS 5.0 (stored winters, driven <200 miles per year,
67,000 actual miles).
His first question was: "What's the value?"
I said: "I don't know, but it's a lot higher than any blue book value"
He said: "You'll need an estimated value from a recognized car club,
collector car organization, or similar source."
He also said: "And you can only drive the car to car shows, car club
meetings, or use it in parades." (same restrictions that apply for
collector license plates in Minnesota).

I don't belong to any car clubs or collector car organizations, and I don't
participate in any parades, so I guess I won't pursue this idea anymore.

BTW: Collector car insurance is cheap!

Dick in MN

"GILL" > wrote in message
...
> dwight wrote:
>>
>> "Rich" > wrote in message
>> ...
>>> NoOp > wrote in news:7207a2d3-1d51-44e7-846d-
>>> :
>>>
>>>> http://www.muscularmustangs.com/
>>>
>>> In Canada:
>>> 2011 GT: $40,000.at 7% over five years, $48,000/$9600.00
>>> Not including taxes, gas consumption fee, etc.
>>> Insurance in a city: $3000.
>>> Gas: $3000.00 (roughly)
>>> Maintenance: $500.00
>>> Misc: $150/yr
>>>
>>> $17,000 or so per year.
>>>
>>> However, if you buy collector car ins. you can cut the insurance cost to
>>> 1/10th of normal.
>>>
>>
>> All of this seems to assume that you keep the car only as long as the
>> loan is in effect.
>>
>> TFrog and I have just celebrated 17 years together. Spreading the initial
>> cost of the car (>$17K) and all other related expenses over that time
>> span reduces the annual cost of ownership greatly. So that's the key -
>> buy the car and just hold onto it. Trading in every four years is a
>> financial killer.
>>
>> )
>>
>>
> My 2000 GT was $22,000. Gas for the last 10 years, about $8,000,
> Insurance, about $8,000. Total-$3800 per year.

Wow. You've had NO repairs done to the car in 10 years? That's impressive.
And original tires, too? Brakes? Or do you just not drive the thing?

I've spent anywhere from $500 to $2,000 every year, just to keep the Frogs
on the road.

dwight
www.tfrog.com

dwight wrote:
>
> "GILL" > wrote in message
> ...
>> dwight wrote:
>>>
>>> "Rich" > wrote in message
>>> ...
>>>> NoOp > wrote in news:7207a2d3-1d51-44e7-846d-
>>>> :
>>>>
>>>>> http://www.muscularmustangs.com/
>>>>
>>>> In Canada:
>>>> 2011 GT: $40,000.at 7% over five years, $48,000/$9600.00
>>>> Not including taxes, gas consumption fee, etc.
>>>> Insurance in a city: $3000.
>>>> Gas: $3000.00 (roughly)
>>>> Maintenance: $500.00
>>>> Misc: $150/yr
>>>>
>>>> $17,000 or so per year.
>>>>
>>>> However, if you buy collector car ins. you can cut the insurance
>>>> cost to
>>>> 1/10th of normal.
>>>>
>>>
>>> All of this seems to assume that you keep the car only as long as the
>>> loan is in effect.
>>>
>>> TFrog and I have just celebrated 17 years together. Spreading the
>>> initial cost of the car (>$17K) and all other related expenses over
>>> that time span reduces the annual cost of ownership greatly. So
>>> that's the key - buy the car and just hold onto it. Trading in every
>>> four years is a financial killer.
>>>
>>> )
>>>
>>>
>> My 2000 GT was $22,000. Gas for the last 10 years, about $8,000,
>> Insurance, about $8,000. Total-$3800 per year.
>
> Wow. You've had NO repairs done to the car in 10 years? That's
> impressive. And original tires, too? Brakes? Or do you just not drive
> the thing?
>
> I've spent anywhere from $500 to $2,000 every year, just to keep the
> Frogs on the road.
>
> dwight
> www.tfrog.com
>
>
I do my own oil and maint.
I put a set of $800.00 tires after chewing up the Goodyears during a few
AutoX and open Coarses.
It has 39K miles on it.

I didn't count the 25K spent on mods.

There is a difference between "repair" and "maintenance".

Consider parts regarded as "sacrificial"... These would include any and all
"normal wear" parts.... including brake pads and rotors, ball joints, tie
rod ends, tires... care to keep on going?

Maintenance is something you do to avoid costly repairs (sounds like a
conumdrum - don't it?). Maintenance is something we do when it is
convenient. Repairs are something we do when we should be somewhere else
doing something else.

When something is broken - we repair it. When something is worn out, we have
neglected proper maintenance.


"dwight" > wrote in message
...
>
> "GILL" > wrote in message
> ...
>> dwight wrote:
>>>
>>> "Rich" > wrote in message
>>> ...
>>>> NoOp > wrote in news:7207a2d3-1d51-44e7-846d-
>>>> :
>>>>
>>>>> http://www.muscularmustangs.com/
>>>>
>>>> In Canada:
>>>> 2011 GT: $40,000.at 7% over five years, $48,000/$9600.00
>>>> Not including taxes, gas consumption fee, etc.
>>>> Insurance in a city: $3000.
>>>> Gas: $3000.00 (roughly)
>>>> Maintenance: $500.00
>>>> Misc: $150/yr
>>>>
>>>> $17,000 or so per year.
>>>>
>>>> However, if you buy collector car ins. you can cut the insurance cost
>>>> to
>>>> 1/10th of normal.
>>>>
>>>
>>> All of this seems to assume that you keep the car only as long as the
>>> loan is in effect.
>>>
>>> TFrog and I have just celebrated 17 years together. Spreading the
>>> initial cost of the car (>$17K) and all other related expenses over that
>>> time span reduces the annual cost of ownership greatly. So that's the
>>> key - buy the car and just hold onto it. Trading in every four years is
>>> a financial killer.
>>>
>>> )
>>>
>>>
>> My 2000 GT was $22,000. Gas for the last 10 years, about $8,000,
>> Insurance, about $8,000. Total-$3800 per year.
>
> Wow. You've had NO repairs done to the car in 10 years? That's impressive.
> And original tires, too? Brakes? Or do you just not drive the thing?
>
> I've spent anywhere from $500 to $2,000 every year, just to keep the Frogs
> on the road.
>
> dwight
> www.tfrog.com
>
>

"Jim Warman" > wrote in message
news:qqSgo.541$89.477@edtnps83...
> There is a difference between "repair" and "maintenance".
>
> Consider parts regarded as "sacrificial"... These would include any and
> all "normal wear" parts.... including brake pads and rotors, ball joints,
> tie rod ends, tires... care to keep on going?
>
> Maintenance is something you do to avoid costly repairs (sounds like a
> conumdrum - don't it?). Maintenance is something we do when it is
> convenient. Repairs are something we do when we should be somewhere else
> doing something else.
>
> When something is broken - we repair it. When something is worn out, we
> have neglected proper maintenance.

Thanks, Jim, and agreed. But I would expect a 10-year-old car to need SOME
sort of repairs over its lifetime. I know that Mustangs are magic cars, but
things still break from time to time.

But... if an alternator wears out, is that a repair or neglected
maintenance? Perhaps it's just a sacrifice. No matter whether it's a repair
or maintenance, owning a car is never "free." I expect the unexpected (parts
break or crap out), and try to pay attention to the periodic maintenance
needs of the cars, and hope that the next failure won't be a truly expensive
one. Nothing makes me think about trading them in like a costly inspection
period.

dwight