Why I Daily Drive a $1000 Car
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- เผยแพร่เมื่อ 27 ก.ย. 2024
- For the last 6 years or so I started driving "crap" cars everyday, and it was one of the best moves i've ever made. Just because you can afford something doesn't mean you should go that route. All the things you like in cars you can likely get in cars that have been built in the last 7-10 years.
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![Why Should You Own a Beater Car? [4k]](/img/n.gif)
"Don't buy a new car... Save $30k and and spend it on a 3 day rental with me!"
Almost verbatim
The rentals are clearly not for the average person. In case that wasn’t clear for the last 10 years of this channel lol
Didn’t he have a leased car for like 3 years.
@@quonsetthehutt3105 99% of the viewers on the channel are not hes customers lol
@@victorwang8623 agreed
It's easy to live poor when you're rich.
CCW1911 underrated comment
CCW1911 he's just telling people basic financial responsibility
I always say this. If you're a well-paid software engineer, you get catered meals at work, tons of free beverages, etc. You could easily live off that and never stop in a Starbucks again.
@@mobattah1029 You shouldn't be eating out, let alone Starbucks of all places, if you have money problems.
No poor person should be driving a new car. It really is cultural for you Americans. I live in Belgium and buying used car is pretty common and no one fear the unreliability you gotta inform yourself.
Murphy’s law of driving nice cars - they are always getting scratched up or dirty . Drive a 1000$ work car -nothing ever happens to it .
My $500 SUV probably should of been totaled 4 times. Someone backed into the door with a hitch ball, hail, painted over with fence stain, fender bender wreck. Currently waiting for transmission work at the moment though. With some touch up paint (dents been pushed back out) it's still worth about $1000 no matter what after all the repairs and damages.
should have
Exactly, when you park your nice car away from others, people seem to still park way to close to it
It’s not Murphy’s Law. If you have a brand new Lamborghini you care more if it gets damaged than if you were in a rusted out bucket.
Those scratched up cars though at one stage was new, you can not have a world that people dont buy new cars because cars would not be available later as bargains
*drives a cheap car for 2 weeks after selling a Maserati.
*”Everyone should Drive a $1,000 car like me”
He's a car dealer.john Q will not get a mercedes wholesale!My thousand dollar cars are crappier.I drive them into the ground,to save money...The final miles...
Tom From Scranton you’re basically driving the same type of car Maserati is the worst luxury car to own cheaply made and loses its value fast.
To me the maserati is also a $1,000 car
@@mrtegu If I found one for a grand I would buy it only to flip it.
Maseratis have depreciated so much that it doesn’t mean anything anymore if u own one
I totally understand where he’s coming from
But then every morning when I start up my depreciated unreliable f type It makes me happy.
Same here, it’s always about smiles per miles. My 2014 Camaro is expensive at hell but she starts every time and It’s my favorite thing in the world.
well at least uk pound is cheap... so part is little cheaper..
@@branflakes1299 Cars are just cars....objects. I own a pristine new low mileage E46 M3, it's fun to drive, it looks amazing, I'm a pistonhead, but trust me, it's just one more thing I own, I'm not attached to it, I'm keeping it because it's now inceasing its value and beacause I don't need the money it costs. I wouldn't invest a big part of my savings on a bling-bling car just to smile while praying not to break. My other car is a new Skoda Superb, not a luxury car by any means, but I am not an economic slave of any of my cars just to "smile".
@@diegovianavillegas3297 Everything is just objects. Have a little fun in life
Lolll respect
This video just payed for the Mercedes 100k service
Don't even bother , I haven't changed the oil in my beater in 5yrs.
@@MrTheHillfolk Exactly why it's so risky buying used cars. Owners like you.
@@MikeKayK, he will have to junk it after the engine craps out. Even for beaters, the one thing you should do is change the oil.
@@MrTheHillfolk yeah... next stop it junkyard...mostowner junk it for steel...
@@gotritons27 If it's a well-built engine (e.g. Toyota or Honda) it won't just "crap out." It'll simply begin to run worse over time, burn more oil, less power, worse fuel economy, etc. A car doesn't just run or not run. A well-built engine can hang on through many years of neglect.
It’s great to hear this from someone as successful as you. Too many people live over their budget and the fact that you drive a $1000 car helps us understand why you are being successful.
Exactly. I had a coworker who lived dollar to dollar. His car broke down and I told him to get a 99 Camry because it was affordable for the situation he was in, cheap on gas and had 4 doors for the kids. He's only looking at BMW 3 series because that's what he likes
Don't forget he has owned various ferraris as his personal vehicle. They just weren't his daily driver.
He also has the money to eat a lemon. You might never have a problem with a $1000 Mercedes but if you do then RIP. And I've never seen a 2010+ low end Merc for $1000. I'm sure they exist for us mere mortals but you are talking car lots run by Javier on the wrong side of the tracks. RIP. Personally, for a reliable car to get you to work and back I think the much better option for 99% of people are the 2014+ Asian import sedans with 50-60k miles for $12,000 and a $200 car payment over 3-4 years. If you can put down ANY money at all that's even better. That's what I got my mother. A 2016 Sonata for $11,000 with 58k miles. Very comfortable ride with Android Auto, a really nice stereo, and gets 32-38 mpg all day. She put down $4000 and has a $130 car payment over 3 years.
Not necessarily.
Mr Ferretti has access to high end vehicles on a daily basis.
I would suggest Rob has exotic car fatigue.
A bit like a barista working with coffee all day er, probably doesn't drink much coffee regularly.
R T I’ve owned Mercedes from the supposedly “worst reliability” early 2000s like the one in this video. If they’re driven weekly they are perfectly reliable. Things do go out faster like suspension components and engine mounts. But on a beater like this nobody cares if it rides rough and has engine vibration in the cabin. Mine never left me stranded. Even started right up in -13 weather.
Been living this life before it was cool.
95 Honda Civic. $1000
3 years and still going strong!
Got a 2000 civic ex for 600 under 120k miles. 600 new tires. After two years just put new breaks suspension n radiator at 145 k miles. Wheel cylinder and hub bearing Cost was for about 1.8k in parts n labor. Had to replace radiator fan switch and radiator hose. another -70$ Now need to replace power steering return hose. Been a bit of a hassle but I know I’m getting my moneys worth. Especially if it last another 3 years. Fingers crossed it gets to see the road over 200k miles
@@aaron361cc You spent all that but you're still coming out way ahead of the people going in debt for 6-7 years for a new car.
i got my 95 civic when it was 2 years old one owner and still drive it today.About to slap a new paint job on it.
@@doretheahairston823 Wow! That's incredibly stupid!
@@danagroupsrl6613 Those people "going into debt" have something to show for it. He may well have just dropped another $2k into something that will be worth $200 in scrap at the end of the month. Servicing a loan, even a 72 month term, means in 3 years you've got something to show for it (a car that isn't a clunker). Where do you think used cars come from?
Granted, new cars depreciate so quickly that there's not much to say about those, but when you make payments on a 3-6 y/o car, you've got a car worth about what you've paid. It's not rocket science.
"I drive an old Mercedes that I paid $1000 for because I have 50 backup cars just in case."
And not everyone has the luxury of having a mechanic and network to find a running Mercedes for less than 3k
@@TH-cam_stole_my_handle The network to find a running Mercedes for less than 3k is called craigslist.
Honestly he had a good point but if the average person went out and bought a cheap used euro luxury car like a Mercedes or BMW they'd probably end up buying the car over in repairs fairly quickly. Now if they bought a Toyota or Honda then they'd be fine for the most part and not have to worry much aside from basic maintenance
ツ Lol seriously
Aspiring to Inspire A used car is a used car. It will need maintenance and things will go wrong. I rather drive the old Mercedes over a Japanese counter part since it’ll be an overall better car. Especially if your hands on then the cost is the same. Parts aren’t that pricey for euro cars as some say.
Today, Mr. Spaghetti says that sometimes it’s not delivery, it’s Digorno.
This deserves top comment
That was actually hilarious
Haha
Favorite comment I've read in a while lol
It's not delivery it's Little Caesars
Been driving a daily shitbox since I was 18, Im 38 now. It really is the only way to go. Prevents you from getting mad when people hit your nice car, you can get that close parking spot, you can scratch it, dent it and not get mad
“I saved some money on the sign by not buying the s”😂
Top Gear Top Tip: If you’re lucky enough to be able to afford a nicer car go for it, if you’re not there yet drive what can get you where you need to be safely.
I do daily two different Ford rangers totaling $1000 combined. They both have over 200k miles and runs like a dream. I drive it on 1200 mile round trips at least once a month and they have never let me down.
Today Mr Spaghetti explains how the rich get rich and stay rich
Imagine if people would invest $500 a month instead of blowing it on a car, that is going down in value.
Well that's life huh? I drive a 13 year old A6 and have invested the rest of my spare income. It just astounds me all the people I know that do as Rob says and essentially rent a car for a premium and in the end lose heaps of money.
As the other guy said, you can't fix stupid. There's a reason there's a link between intelligence and wealth.
Honestly tho
I mean you could do that without necessarily buying a “cheap” car. A used 15-20k $ car usually eliminates the risk of costly maintenance and gets you a good looking car.
is the maintenance going to cost 14k on a 1k car? Nope. Even if that 1k car just lasts you 6 months before coming due for a 5k dollar repair, you're way way ahead of the depreciation and taxes that you paid on the 17k car.
bs, you can buy another 1k$ car 15-20 times for that price... Especially in the US the capital costs make most cars you take a loan for cost much more in total.
That plus it'll generally be a new model year (2010+) so the car will be safer than say a old 90s car.
OP talks as if people even have £1000 come up the north east some of you will get a good shock at how poor some of us live by.
ive got a mate who swears down he will never pay more than £500 for a car and hes on his 4th one over 4 years at a total cost of £1450(without everyday costs), so who wants to tell me its possible to pull out for a 25k car and its usual costs of tires, fuel, wiper blades, mot's, and services and all else ive missed and it still be cheaper than that in the long run?
@@shadow7037932 you ever seen a 13 plate fiesta crash?, yeah 2010+ my ass sorry pal.
although amg and mercs legit are amazing at safety.
Ayy lovin the frequent uploads my guy
I have a Lexus but I just bought a $500 5-speed Tercel for the winter and I’m loving it! I was driving behind a dump truck and had gravel was sand blasting my car and I didn’t even care... Plus I don’t worry about people dinging my doors in parking while I still get great gas mileage.
A $600 300k mile Subaru lasted my mom 3 years!
my dad always told me. if u cant pay for something in cash, u cant afford it
Your dad is a wise man.
Paying cash has nothing to do with affordability and your father clearly knows nothing about leveraging your money to make more money, tax advantages etc or anything else. Even multi-billionaires have mortgages.
What about purchasing a house?
The housing market is artificially inflated by broke people willing to be saddled with a mortgage for 30 years
Except when you buy something that's gonna grow in value, like a house. But it doesnt make sense to take out a massive loan for a car that's gonna be worthless in 8 years haha🤣
Dave Ramsey approves 👍
Dave Ramsey tells dumbasses to live cheap and buy his shit and then takes your money and lives in a fucking castle. 😂
@@venom5809 You clearly don't know who Dave Ramsey is.
venom5809 his “shit” is books lol. Hardly the most expensive thing in the world. Smart people read books. Dumb people mortgage their house to attend a $7k how to buy tax leins seminar and get juked.
@@venom5809 Dave Ramsey is right about alot of things. His investing strategy and credit card advice is the one thing that is not the greatest but still way better than alot of other peoples investment strategies.
Beat me to it
Totally agree, Rob. I drive an '02 Mercedes C320 wagon. Has 245k on the clock. Paid $500 and put another $300 into it. It's a comfortable, reliable and practical daily driver.
still have it?
$900 2001 Corolla daily here...LITERALLY have changed the oil for the past two years, it's great.
Wow you got lucky
"why I drive a $1000 car"- I'm broke.
"Cars starting from 2005 and definetely 2010..."
RX8 HAS ENTERED CHAT
lol dont mind me just sobbing over my dead Mazda
Rob is just a legend period, spitting game to us on how to be successful. Love it!
Rob: "Daily drive a $1,000 car... itll save you money"
Also Rob: "I just bought this Ferrari 488 for 400k"
You can't get rich without having financial responsibility.
Drive that 400k Ferrari as a daily driver it's devalued beat crap in 1-2 years. You can't lose much on a vehicle at the end of it's depreciation value.
The Ferrari is an investment since it helps his business make money. They pay themselves off.
@@D4x4Bronc Exactly D4v4 !!!!!!
@@iSOBigD Bullshit. Go to ebaymotors or autotrader and check out the asking prices of '16 Ferrari 488's. They have already lost 1/3 of their original value.
*I really don’t think there is a worse use of money then buying vehicles. Good video.*
Dave Ramsey has entered the chat
And here I am daily driving my 24 year old BMW E38 740i, it never quits and has never let me down.
Best looking bmw
Here's a life lesson that car salesmen don't want you to know. The overwhelming majority of cars depreciate like brick in the first 3 to 5 years, then they stagnate in value and remain around that figure for a decade, depreciating with a few thousand a year usually. Let's say you buy a mercedes for 140k new, within 3 to 5 years that car will be worth 30k. I currently drive a 2014 car and it's diamonds. There are certain makes/models that really do hold their initial purchase value like Jeep wrangler or certain Toyota's.
This is a mature take Rob - took me a long time to figure out but have been living this way for 10 yrs now. Work in auto industry with multiple dealers and every single one of the salesmen tell me that 90% of new car loans are 84 months often times with negative equity rolled in. Total insanity.....in my neck of the woods the worst offenders are domestic SUV and full size truck buyers.
Rob, you said on your E-Class that you have 160k on the clock. Take it to Mercedes to get a high mileage award.
But to your point on getting a $1,000-$5,000 car, you run into the problem of repairing the car that meets and exceeds the price of your car and you have to say is it worth it.
When buying a cheap car, you can run into issues with it that are not covered.
Andrew got a free truck, cost me 50 bucks in gas to pick it up, $3000 in repairs to make it safe for the road, nada values it at $6500. Have since put 25k miles on it. Another story. Bought wrecked ford 500, materials and paint
@@xtune5731 don't sign the title when you buy it and just hand it over to the person you're selling to and sell unlimitedddddd cars
Nicky sounds like a plan but not something worth risking..
Any car will cost you a few hundred to run each year in maintenance. Doesn't matter if it is brand new or 20 years old. What rob is talking about is depreciation and interest, this is what costs you money when you buy new or slightly used.
Andrew you have the mentality of your average moron. Youre spending money to maintain a car regardless of its age. You only care about value if youre a moron who always has to have a car thats worth something, to put on a new car that loses 15% of its value as soon as you drive off. Once yoj do the calulations you realize how much money you lose always buying new or newer used cars.
Rob I think your actually really smart now! That makes it sound like I didn’t think you were before , but that’s not true. Love your channel Sir, thanks for putting out the videos.
I see a lot of nice S550's..... at the laundromat with the hood up while the owner fills it with expensive ass Mercedes oil. Cracks me up everytime.
But the best ones are the Audi's pulling into 7-11s and buying oil because the oil light came on and they dont know were to buy oil! no joke.and this was one of the 80,000 dollar two seater sport cars.
You know they using the no name gas station oil
@Sean at least they’re using the expensive oil. Nothing turns a nice car to trash like ghetto ownership. Getting purchased by some broke-ass who just wants to show off, but doesn’t put any money into proper maintenance/repair.
s=bad e=good
Rob is right. My daily is a 2010 Crown Vic, only paid $1200 for it. It’s reliable, the paint isn’t complete garbage, the interior looks new. Best purchase I’ve ever made.
I do this. Cheap cars you never worry about. Not about accidents or anything. Porsche is for weekends so it balances out
That’s why I bought a 2019 Camry as my daily driver. Worth 26k and with monthly payments of 270 a month. I know that if something happens to it I can afford it. But since it’s a Camry it should last a good 2-300k miles easily.
Pedro Delgado Hernández my 2004 Toyota 4Runner is about to hit 250,000 miles. I drive it 100 miles a day round trip commute. Still looks and drives amazing! Will never get rid of old reliable!
Pedro Delgado Hernández lol ur working ur ass off for that Camry I bought a 2014 Chevy Cruze for 3800 only had 125k miles never do payments. I’ll be getting a truck soon
@@nomorebreaksmigo5412 - Actually, it really depends on his earnings and how much time he has. If he makes over $60K a year, $270 is probably more than worth it for a newer car and less headaches.
Toyota's use to last that long when ever Built-in Japan but the the ones the last 15 years have a lot of problems
@@dirtysanchez4753 .... what? people saying things they know nothing about! I have been buying Toyota's at least 25 yrs or longer. I have owned Mercedes, Nissan, Ford, Crysler (1957 @ 16yrs. old), Lexus none, not a single one was better built than the Toyota's excluding the Mercedes and Lexus which was pretty solid . I have a 2004 4-runner 190k miles, Newer Tundra and Mercedes..... all trouble free. Old ass Toyota all over the neighborhood still running some in the 90's.
Don't give off misinformation unless you have proof. Anyone with half a brain knows the reliability of a Toyota.
"don't need to impress anyone" *is still driving a Mercedes
He is an old man, needs support for his old back 👴
@dannie curlett is that even a S class.. looks like an E class to me.. and a 10 year old E class isn't impressing anyone
@dannie curlett Not even close, S class is the flagship. the E class is a full size sedan but its smaller then the S class
@dannie curlett older luxury cars like that Merc are very plush
humble brag of the year
I remember the leaving last S for savings commercials.
1-800-MATTRES!
$1000 is the magic number for a daily. Not everyone can find a solid E-class for that, but bless you anyways.
I drive a 17 year old Lexus. It's comfy and hasn't had a single issue. Cars are a quickly depreciating asset. No thanks to owning an expensive cwr.
2:19 "it has plenty of seats in the back"... Hahaha wow!! Why didn't you lead with that. That's amazing
Rob has never heard of gap insurance... or more key... auto insurance that includes it, so that if you buy a new car, they'll cover what you owe on it...
At extra expense to you.
@@waltercodbollocks3175 came standard for me
My $1300 dollar Ford Escort has served me really well. I’ve only done preventative maintenance to it. It’s actually a nice car. The tear in the interior is a small one in the drivers seat. Exterior wise it has a few small chips on the hood, a couple of dings, and a nik on the front bumper after I pumped into the back of a trailer hitch. It’s taken me on two 13 hour road trips and it doesn’t burn oil. It gets the job done.
He's right about Mercedes. He's right only IF you replace E or S series suspension with coilovers. Eliminate the suspension issues all together. The engine and trans on the older E-S Series are amazing. The only exception is probably the 2003 E series trans. The older Diesel Mercs go for an easy 300k miles.
I was telling my younger siblings this but of course they only listen to me when someone else other than me says it. So thanks for giving me this video.
Lool
161 Miles is "New" where I come from 😂😂😂...
Engine that has not been rebuilt is ''New'' where i come from...
130k miles is still in the showroom to me
220k is just breaking in
I love hearing you preach this! Very humble man. I paid cash for my car and don’t have to worry about interest or a crash like you talked about. I own it. Much love to you and your family.
I wish I watched this when I was 18, spent all of HS saving up for my car dam
A car is a transportation tool. It doesn’t have to impress anyone. Just get the job done reliably.
Rob is one of two American who still doesn't drive an SUV
A lot of us don’t drive SUV’S anymore..
It actually pains me to see so many SUV's on the road. I will never buy one
I had an older one before the big explosion of popularity. Basically a truck with a covered back. It was great. I only drive small cars now. These new SUVs are garbage pavement queens and make 0 sense to own.
SUVs so 1992. Real ones ended in early to mid 2000s. When they went to independent rear axles.
Gas is $4 a gallon where I live. Hey I want a taco or we're out of milk, yeah go spend $5 in gas to go to the store in your big ridiculous obersized tank gas hog, to buy two or three dollars worth of food. Not to mention, depreciation and everything else = stupid.
never heard of Gap covereage?
The best thing since slice bread
Truck Flips exactly!
With gap there are so many stipulations, I learned the hard way. I got in some financial trouble to help pay my daughters medical bills. So I had to start paying about two weeks later. They said no problem. Got rear ended and car was totaled and I was told that no payments that were not made on time will be paid as it didn’t meet their criteria for coverage. So fortunately it was only 2k but I had still to pay my car payment and a new car payment which was a nightmare. Just my two cents. Read the guidelines. I wasn’t told this when I signed up but I guess I should’ve done my homework when I signed up for GAP.
Esteban I’ve always had the gap figured in so you have no chance of it not being paid for
Truck Flips gap saved my ass when I totaled my 05 tc. $3 extra a month for gap. And payed nothing outta pocket
I daily drive a 2004 CR-V. Best thing I ever bought and it's great in the snow lol
Thank you for making a video on this topic. Hopefully it will help someone in the car buying process. These are things I wish I knew when I was younger.
The W211 Benz's are reliable especially the V8's
Agreed. The w210s are as well as long as you watch out for rust. If I remember correctly, the v6 m112 and v8 m113 engines are mostly the same with the m113 just having an extra two cylinders hanging off the back. V8 avoids all those pesky v6 balancing issues too
Too bad they both have the same crappy plastic intake manifolds. Other than that, they're bulletproof.
@@shawna7813 I just double checked my car and it has an aluminum intake was it other models?
@@peterlehmkuhl1985 . The flaps that control the opening and closing of the intake are made out of plastic,(the intake itself is aluminum) which breaks after being exposed to severe heat for prolonged periods. They're prone to breaking and you have to replace the entire assembly as a result. Google a pic of it, you'll see all the Black plastic flaps on the sides....That along with the balance shaft on earlier models are the only weak spots. If you don't have those issues, the m272's are usually bulletproof...
That occurs on higher mileage engines that dont have the centrifugal oil separator replaced. there are repair kits just to repair the actuators and not change the entire manifold. Oil cakes up the flaps and breaks the actuators. M112/ M113 are bulletproof. Next gen M272 and M273 are decently reliable just watch out for the balance shaft issue and I change the oil separators at 100k miles preemptively.
Today Mr. Spaghetti tells us that he likes to use cheap packaged meatballs from the supermarket when he cooks for himself.
Dave Ramsey will be proud of you... 😃
Rob, the channel needs more explosions.
He speaks the truth. I drive a Lexus is250 as a daily car. never left me stranded in 300k kilometres. While others pay monthly leasing installments of 1000$ and end up giving it back after 5 years, im still driving the same lexus.
I have driven junkers for the past 14 years. I have always done all the servicing and repairs myself. I have never been let down my them and have had 14 years of reliable transport for less than £1500 inc purchase, servicing and all spares. The best thing about them is that I use them as tools. If they get scratched who cares, I use them as mini pick ups because I can't devalue them any more. I don't even have to wash and polish them, because why would I?
Both are also painted in British army camo just for lols.
WOW! I wish I thought of doing this instead of buying a 918 spyder to daily.
This is the new age we live in today, everyone living highly above their means to impress others, so different from decades earlier of more practical lifestyles & values.
The sad thing is they're ignoring people living within their limits
Hey it's not a bad thing, look out for numero 1 which is yourself. Have cash in hand to buy from others when they can't afford their expenditures.
Bought my vw 10yrs ago for $1k.... still rolling and less than $1k over the 10yrs in up keep (not including tires but those are cheap too from free to $200 for 4)
Where the hell are you getting 4 tires for less than $350 and installed on your car?
Craigslist I never buy new ones for the car 70-90% are easy to find for $200 or less and I also have family who scraps so I can get a set for free when needed.
haha I don't drive average miles, I do oil changes once a year myself with a synthetic oil rated to go that many miles. Its less than $40 per change or $400 for 10 years the fuel filter was $25 and the front brakes on ebay are $50 (its a man tran so I use my gears more then the brakes). I Changed the timing belt it wasn't much ($20-$50). I needed a new rear wheel bearing $25.... Tran fluid change less than $40 diy... Now I need to do the rear shocks ($200) but this will still come in under the $1000.... If I paid labour for sure it would cost me over $1000 for everything but I have a pair of balls and know how to turn a wrench. Most of these jobs took me 1hr or less and where done over time so its not really any hassle minus the timing belt. I also recently spent $50 on china sound proofing and it really works for the price I am impressed... The exhaust broke at the flex pipe so I took some all around made a bracket with some flex and welder up.... I bought her with a 1-2yr plan but she has been so reliable and affordable I kept her for 10+... Oh and new / used battery for $20 and coolant flush / change cost of fluids. Its still under the $1000 mark.
Tinder inc All the thing’s you listed go over 1k if you are using quality parts. Also really a used battery? What it’s going to last 1 year?
hahaha most parts are from lordco? (napa) I haven't had issues the brakes are from ebay they have been good for the money. The battery came from a wrecked car / scrap car its only a few months old should last the 5yrs like most new batteries if not $20 more some time down the road and I'll have another battery... a new battery in Canada is over $100+... why would I buy new when I have had no issues with a used like new battery?
I bought a 1200 dollar cash car. spent a couple hundred bucks in parts getting it road worthy, then the transmission went out. 1500 dollar repair. sold it for $300 or so. Learned a lot over those few months.
Love how long Mercedes will last. I just made a very similar video on my channel about my 2007 Mercedes with 123K miles on it... just broken in. I love driving it every day & it saves me money every month.
Today rob explains how you can make great spaghetti without going to an expensive supermarket
Why go to a restaurant everyday,when spaghetti-o's would sustain your hunger most of the time?
You drive a 1,000 dollar car because you have a dream house to build....
from Los Angeles, my thousand-dollar car was a 15 year old Ford Taurus with no air conditioner and a bad transmission that only lasted one year. It was only going to cost $3,000 -$4,000 to fix everything on a 250,000 mile car.
This video needs to be shared everywhere, especially in classrooms from high school to college and even higher education.
"I daily drive that thing over there by the dumpster" right where it belongs.
Everyone should read the book "the millionaire next door "
Fool lived next door n nobody knew he was rich
Chris Gouger that book made me not to want to be a millionaire
Brilliant. 5 years ago I bought a 17 year old Volvo S70 for £650 (less than 1000$). The maintenance is far less than the cost of a loan for a new one, I have no cares about getting the boot (trunk) dirty, no worries if the bodywork gets a bit scratched. It does everything that I need with none of the stress. It's reliable on long journeys. It's now done 180,000, of which about 90,000 are mine. And after 5 years I could sell if for what I paid.
Very good advice for the most part. There isn't a huge supply of decent, well-taken care of $1,000 cars out there (with less than 140K - 150K miles), and I think all of the same logic applies if you up your budget to $3,000 - 4,000. Many more buying options in that price range. And when you get the car, spend some money on getting the thing up to speed on maintenance unless you're sure things have been done. (The timing belt/water pump service on Japanese cars comes to mind.) Rob is right: most modern cars are very reliable if you maintain them and car go 200K+ miles without much of a problem.
I'd like to know where the hell you found THAT Mercedes for $1K.
Dude just said he leases a Subaru then he proceeds to say he doesn’t burn money? He serious?
notes he says he doesn’t burn money on his daily
Why is leasing a Subaru burning money?
Exactly lol.
W211 Mercedes is freaking awesome
1000 car? That car here in Argentina cost like 13.000 dollars... Third world
True words of wisdom. I drive a 1998 marquis that is worth practically nothing and I spend very little on maintenance, have cheap insurance and it gets me around just fine.
When he said that after 2010 cars become more reliable I stopped watching.😅
To be fair, many older cars are reliable if you're willing to do very regular maintenance and give them some love. If you're not willing to do that, a new car will probably drive for a few years (although that would be dreading it rapidly)
Hornsteinhof Due to insane eco regulations manufacturers are
doing big shortcut producing cars these days.From flimsy timing chains to weak engines with tiny gaskets leaking oil. This is why all new cars consume oil. New cars are like Apple products - made to be obsolete and very quick.
Cars are much more reliable nowadays, really anything after 2000. Most failures on modern cars are the infotainment system.
uh... actually newer cars tend to last longer......Metallurgy has jumped leaps thanks to grueling indy 500 cars.... that technology passes on to everyday drivers that are tested on the track and sold to the public.
N B Indy car for the drivers who can't get F1 ride. Apart from that Indy 500 engine lasts 1200 miles between rebuilds.
3:40 "...and I didn't spend the $2/mo to get the GAP insurance through my insurance company or my lender for exactly this scenario!"
Exactly, *ALWAYS* get the GAP insurance. It costs a little more a month, but when you need it you save hundreds to thousands.
Hey Rob where can I buy a $1000 Mercedes like that
Cody Breeding salvage auctions
If you don't know where to buy one for $1000 you probably should not do it. You need to know cars very well to buy salvage auction ones.
There’s no way that car only cost $1000. I’d pay $5K just looking at it.
no shit... must be about $10k... it's the rich people... $1k or $10k no difference
Martin Zvarík lol you are clueless
My 2000 Ford F-150 truck I bought from craigslist. It was $1,800.
It is my daily driver.
BUT
I do have a Jaguar
Corvette C8 coming
Cadillac coupe
Jeep wrangler
And
Bentley GT.
So my truck is a everyday clunker but that does not mean i dont have the other toys that i use only for weekends
Seems like there was a book that came out in the late seventies or eighties wherein the author recommended buying a $300 car and abandoning it if it broke down then buying another $300 car and so on.
People wonder why they have no wealth built up, this is one reason why.
"I can't afford to save for retirement" - oh yes you can, you're currently DRIVING IT.
Please delete this video and stop giving these ideas to people! People like you and me need an over abundance of used cars to keep the prices on the used market as low as possible.
Joe Luang lol 😂
Agreed. If this keeps happening, the automotive manufacturers are going to pay CNN for a few hit pieces
Stfu you mad
its one thing to drive a cheap car when you have a choice to or not. It's another thing drive a beater because you have no choice. It evokes a different feeling."I could do [this thing], but i dont have to" - the feeling of power, basically.
That's a friggin' sweet $1100 car, Rob!
Scotty Kilmer gonna have a heart attack hearing Mercedes being reliable!
If it's not a Celica, it's garbage
I love how he is saying all this with all the deprecating assets in the background, lol
Those assets in the background don't depreciate if taken care of.
Pretty sure that nsx isnt depreciating....
He runs a rental business. They make him money.
Biggest reason to go for a new car these days is all of the crazy safety features they have standard now. The last few years have really gone crazy with this. Every car now is coming with ACC, rear-view cameras that automatically stop from hitting things, etc. You can save 3-4 grand buying a high end car from a few years ago, but at that point I'd rather just buy something new.
Went from a 335i to a 2009 crown Vic with no payment. Costs $69 a month to insure. Flex fuel gas. Analog everything. One of the better financial moves I’ve done in my life ha
I like the logic. I’m 50 and I’ve never leased or had a loan on a vehicle. I’ve Always bought them 3-5 years old in great shape with low miles and always wrote a check for them. Let someone else eat the first few years depreciation.
I bought Honda Accord 07 with 144k mileage on it for 1 dollar from my grandma. So far, it’s been nothing but amazing.
Does it burn oil Cuz the 2008 was really bad
That’s a cheap car, can’t find anything for $1000 around here that looks that nice. I just brought a 2005 Ford Freestyle basic model AWD w 173k on it for $2000.
Great video! I picked up a 1998 Lexus GS400 with 110 000 for $1500, which is my daily, and then I enjoy my 911 on nice days! Best 1500 I’ve ever spend!
I used to daily drive a 2000 Honda Civic until about 2 years ago. People would correctly say that my laptop was worth more than my car. It had 172,000 miles on it but ran fine and was very reliable and very cheap to run. But I finally bought a new car a couple years ago. I love the new car but I still miss having a beater and not having to worry about it.
Tf you find a Mercedes for 1100?! Dude!?
i got one just like it from Copart, it was perfectly fine except for a slight fender bender and the battery would go low if it wasnt driven often lol.
americans: "but muh credit score"
meanwhile in europe: "what's debt?"
@@1rralphh1 no
Western Europe is DROWNING in debt.
@@drgonzo4714 lmao are you serious. It's for the first time in 30 years that our national debt is DECREASING. Say that about other countries.... Greets from NL
@@drgonzo4714 but anyway I was referring to debts built by all the loans from credit card use and financing. Everything here is paid by cash (PIN) or bank transfer
The whole world is in massive debt, it's actually a huge looming crisis for everybody
I drive a 2007 Saturn Vue with 240,000 kms on it. It still works fine. I have had to spend about $1200 on car repairs on it this year, but that is still much cheaper than what I would have had to spend on a car payment over a year...