Earlier poll made me realize that I haven’t calculated the damage I did to my finances in a while. I am looking for the approximate amount of money spent on down payment, monthly payments, and fixing/upgrading your cars. Here is my list:

  1. 1991 Ford Taurus SHO. Bought for $4000 cash. Spent $1300 on maintenance and tires. Trade in value $2000, net spent $3300
  2. 2000 Toyota Tundra - Traded in my Taurus SHO for it, and gave them $2000 in cash. Monthly payments of $600. Drove it for 2 years or so, my dad took over the payments and kept the truck. Cost ~ $18400 
  3. 2003 Honda Civic Si - MRSP $19400, bought it for just over $1600. Had $350 per monthly payments for 2 years or so, plus new wheels and tires which I sold later, then another new set of wheel and tires, maybe $1000 in upgrades. Cost $9400
  4. 2000 Subaru Legacy Wagon L - traded in my Suzuki TL1000S. I think it cost around $10000 or so and I am pretty sure we paid it off.
  5. 2004 VW Touareg V6 - traded in the Civic Si, payment of $400 for 2 years or so, cost around $10000.
  6. 2008 Subaru Outback 2.5i Premium - Traded in the Touareg, paid around $300 per month for 2 years or so, cost around $7500
  7. 2010 Subaru Outback 2.5 Premium - Traded in the 2008 Outback, cost around $350 monthly for two years, cost around $8400
  8. 2008 (I think) Subaru Impreza Sport - bought used for my ex-wife, traded in the 2000 Legacy Wagon, cost was around $300 per month for 3 years or so, until I got rid of them both - around $11000
  9. 2013 Jeep Grand Cherokee Laredo X 5.7L HEMI - traded in the 2013 Outback, cost $465 per month, for 6 months, $2800
  10. 2013 Honda Pilot EX - Lease for 2.5 years, $300 or so per month, cost $9000
  11. 2014 FIAT 500 Abarth GQ Convertible - put down $1500 in cash, invested around $2000 in wheels and parts, and been paying $250 per month for 12 months now, still own it - $6500
  12. 2016 Subaru Forester XT Premium - traded in the Pilot, pay $480 per month for the last 8 months, $3800 or so.

2001 Honda Shadow ACE 750 - bought new, paid around $9000 after interest, sold for $2300 years down the road, net cost $6700

199* Suzuki TL1000S - Can’t even remember, but some money down and $160 per month I think for about a year, call it $3000

Advertisement

200* Suzuki V-Strom 1000 - sold for what I bought it or so, just about no cost.

Grand total - excluding insurance, taxes, fees, registrations - $109800 in 17 years, for a total of $6458 per year, total of $538 per month. This is all very approximate - I don’t remember the exact number of months I had payments on each car, but anyway you look at it, piss poor financial decisions. The very first car I bought new - Toyota Tundra - is still kicking just fine. My dad took over the payments when I was done with it, and kept it. It has 110k miles, and he fixed a throttle position sensor, changed the shocks, fixed the key cylinder thingie where you insert the key to start the car, and did the brakes twice. Lets just say that my parents are better with money than me :) 

Advertisement

I could have been close to retirement now if I drove a $200 per month car, and invested $338 in a mutual fund for last 17 years. Well, not quite retired, but I’d have $142000 extra in my retirement. Damn...