Go Back  The Hull Truth - Boating and Fishing Forum > BOATING FORUMS > Dockside Chat
Reload this Page >

3rd car for commuting - does this make sense?

Notices
Like Tree16Likes

3rd car for commuting - does this make sense?

Old 06-21-2019, 08:33 AM
  #1  
Member
Thread Starter
 
Join Date: May 2012
Posts: 51
Default 3rd car for commuting - does this make sense?

Wife and I are buying a new house and thus my commute is going to be increasing to about 40 miles each way.

I currently drive a 2013 F150 with ~70k miles. We would keep the truck for towing purposes as well as house and lawn projects.

I am trying to determine if buying a commuter car makes sense. If the math is a wash then I would just drive the F150 so as I dont have an extra car to park....we do have a slab next to the garage so I have room but it would still be in the way somewhat.

I wouldn't buy an el-cheapo 10 year old Civic type vehicle as I have grown too used to modern conveniences. So what I have honed in on is a new Kia Niro. This is a basic hybrid that gets 51 MPG City and 46 MPG Highway but is decent enough appearance wise and has room for actual adults and dogs in the car.

Assuming 25-30k miles per year the gas savings and maintenance savings (ties/brakes etc) as well as insurance costs are basically a wash factored against a monthly payment for the Niro (66 months 0% financing right now via Kia right now).

The piece I'm having a hard time pinning down is how do I factor depreciation across the 2 vehicles? Assuming a 200k mile "worn-out" factor and a $20k replacement cost on the car vs $40k replacement on the truck the numbers start to make sense,,,,,assuming I'm thinking about this in the right way that is.

So - what says you THT brain trust? Am I looking at this right or am i missing something?

cohea is offline  
Old 06-21-2019, 08:41 AM
  #2  
Senior Member
 
Join Date: May 2014
Location: Wendell, NC
Posts: 2,195
Default

You're overthinking.

I never factor in or care about depreciation on vehicles. I also buy high mileage used so it's not really a big hit anyway.

I was doing 40 miles each way. That will suck in a big truck...I had a TDI until they bought it back, then it was in our V8 4Runner. The fuel costs sucked. They'll suck worse in an F150.

Get a cheap commuter. A Kia will be worthless in a few years, but drive what you like. 80 miles a day....you have to be in something you enjoy driving, regardless of if it makes perfect financial sense.

Keep the miles off the harder to replace truck. You can always buy cheap commuter shitboxes...go price a new F150.


NCSUboater is offline  
Old 06-21-2019, 08:45 AM
  #3  
Senior MemberCaptains Club MemberPLEDGER
 
Join Date: Jan 2005
Location: SC
Posts: 10,434
Default

I used to have a 30 mile commute, + 10-15 miles of reimbursed work stuff daily. Parked the truck except for the weekend, and bought an accord to commute in. Used, but not a beater. Got about 30MPH. At $3.00 a gallon my day to day expenses taking into account the extra insurance & taxes were basically a wash. The benefit was several years late I kept all those miles off my truck, and still have a really nice 11 year old truck with 215K on it rather than 350K. Given the truck is a whole lot more expensive vehicle, this allowed me to greatly delay replacing it, and putting the wear and tear on the other vehicle.

All of that said, think long and hard about what you buy for the commuter car. Make sure it is comfortable and safe. 30 - 35 MPG in comfort with some metal around you accomplishes most of the goal and is easily attainable in a fairly large non-hybrid sedan such as a Camry or Accord. Also easier to sell those when the time comes.
KeithS and iwhitevt like this.
autobaun70 is offline  
Old 06-21-2019, 08:48 AM
  #4  
Member
Thread Starter
 
Join Date: May 2012
Posts: 51
Default

Originally Posted by NCSUboater View Post
You're overthinking.

I never factor in or care about depreciation on vehicles. I also buy high mileage used so it's not really a big hit anyway.

I was doing 40 miles each way. That will suck in a big truck...I had a TDI until they bought it back, then it was in our V8 4Runner. The fuel costs sucked. They'll suck worse in an F150.

Get a cheap commuter. A Kia will be worthless in a few years, but drive what you like. 80 miles a day....you have to be in something you enjoy driving, regardless of if it makes perfect financial sense.

Keep the miles off the harder to replace truck. You can always buy cheap commuter shitboxes...go price a new F150.


LOL - I think you kind of contradicted yourself there :-)

You have to be in something you enjoy driving.........and......you can always buy cheap commuter shit-boxes! Who "enjoys" driving cheap commuter shitboxes? :-D
cohea is offline  
Old 06-21-2019, 08:49 AM
  #5  
Admirals Club Admiral's Club Member
 
Join Date: Jun 2010
Location: Raleigh/Southport, NC
Posts: 4,511
Default

Not sure it makes sense if your second car is brand new. I was driving a 2017 model I bought brand new for a pretty good chunk of change. The mileage was pretty poor, but more importantly I was racking up miles really fast with commute and long trips, 22-24k per year. I bought a 2009 Infiniti with just over 100k miles for less than $10k. Better mileage, keeps me from driving the expensive car into the ground, and little impact to my insurance (since car is older). At that price easy to pay cash so no monthly payment.

I'm a big fan of Kia, but for like 10K you could get a used Sonata with well under 100k miles that still carries powertrain warranty and will be extremely reliable. And will hit your insurance for less than a new car.
jcbadabing is offline  
Old 06-21-2019, 08:50 AM
  #6  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2016
Posts: 1,877
Default

Well, your F150 already has 70K on it. If you commuted in it then you would be adding 25K a year to the F150 after a few years you would be looking at replacing the F150 to the tune of $50K plus the additional gas you would be paying for.

I had the same situation as you and I got a second car and loved it. With that said get something more fun to drive than a Kia. You will like having a third car.
Lorne Greene is offline  
Old 06-21-2019, 08:52 AM
  #7  
Senior MemberCaptains Club MemberPLEDGER
 
Join Date: Jan 2005
Location: SC
Posts: 10,434
Default

Originally Posted by cohea View Post
LOL - I think you kind of contradicted yourself there :-)

You have to be in something you enjoy driving.........and......you can always buy cheap commuter shit-boxes! Who "enjoys" driving cheap commuter shitboxes? :-D
Cheap is all perspective. In my case I bought a 4 year old Accord coupe with a stick in it and 100K on the clock. Paid less than half price compared to a new one for it. Not a sports car, but not a slug or miserable to drive either. Put a decent bluetooth stereo in it for about $200. Nice leg room, good power, and enjoyable to drive. Drove it to 250K for about 6K less than I paid for it.
autobaun70 is offline  
Old 06-21-2019, 08:54 AM
  #8  
Member
Thread Starter
 
Join Date: May 2012
Posts: 51
Default

Originally Posted by autobaun70 View Post
I used to have a 30 mile commute, + 10-15 miles of reimbursed work stuff daily. Parked the truck except for the weekend, and bought an accord to commute in. Used, but not a beater. Got about 30MPH. At $3.00 a gallon my day to day expenses taking into account the extra insurance & taxes were basically a wash. The benefit was several years late I kept all those miles off my truck, and still have a really nice 11 year old truck with 215K on it rather than 350K. Given the truck is a whole lot more expensive vehicle, this allowed me to greatly delay replacing it, and putting the wear and tear on the other vehicle.

All of that said, think long and hard about what you buy for the commuter car. Make sure it is comfortable and safe. 30 - 35 MPG in comfort with some metal around you accomplishes most of the goal and is easily attainable in a fairly large non-hybrid sedan such as a Camry or Accord. Also easier to sell those when the time comes.

Appreciate the feedback!

I've looked pretty closely at quite a few cars and the Niro is actually a pretty nice well equipped and comfortable vehicle with some important to me safety features once you get the technology package.

The 10 year 100k mile warranty Kia offers also helps.
cohea is offline  
Old 06-21-2019, 08:56 AM
  #9  
Admirals Club Admiral's Club Member
 
Join Date: Aug 2012
Posts: 5,418
Default

Get a moped, and don't forget your raincoat.
chrispnet is offline  
Old 06-21-2019, 08:56 AM
  #10  
Senior MemberCaptains Club MemberPLEDGER
 
Join Date: Jan 2005
Location: SC
Posts: 10,434
Default

Originally Posted by cohea View Post
Appreciate the feedback!

I've looked pretty closely at quite a few cars and the Niro is actually a pretty nice well equipped and comfortable vehicle with some important to me safety features once you get the technology package.

The 10 year 100k mile warranty Kia offers also helps.
Just make sure you are taking into account end of life (for you) value, compared to other options that might also fit the bill. Hyundai/Kia have come a long way and are great vehicles now.......but still have a tendency to drop like a rock in value.

You may want to consider leasing one. Wife's uncle is a hospice dr. and logs about 25K a year. He's been driving Hyundai hybrids for 5 or 6 years now, on lease, because they offer some crazy high mileage allotments compared to others. May be something to consider. I'm not normally a fan of leases but they can make sense in some situations.
autobaun70 is offline  
Old 06-21-2019, 08:58 AM
  #11  
Senior MemberCaptains Club Member
 
Join Date: Dec 2003
Location: Northern Neck, VA
Posts: 5,389
Default

I am not sure the math works really, but i get saving miles on vehicles you care about.
I have an old f250 for towing and kids moving in and out of college/apts etc. when it snows in winter- i have to get to work. only use once every other month prob- but you always have to have a truck

I Have a fun weekend car.

and then i do have commuter car- but i am cheap- bought a 93 4 cylinder mercedes for 2k
i do subscribe to the commuter car theory- just maybe not a brand new one
rocksandblues is offline  
Old 06-21-2019, 09:06 AM
  #12  
Senior Member
 
Join Date: Nov 2008
Location: Seacoast NH
Posts: 6,200
Default

Financially, I am not sure it makes a ton of sense. But I don't think you really get hurt that bad either. I have always had a commuter and a truck, until recently when my commute went from 50 miles each way to 18 miles round trip. I sold the commuter, but regret it. Parking the truck in places with tight parking is a PIA, the other thing is I tend to use my truck for truck things, including hauling the dog everywhere on the weekend. I really miss having something easy to park, and totally clean when I have work clothes on. I will likely pick up another car in the coming months. Based upon recommendations from OldPete, I will probably pick up a Tesla Model 3. He seems to have a thing for them .
Boat Hound is offline  
Old 06-21-2019, 09:06 AM
  #13  
Senior Member
 
Join Date: Feb 2013
Location: Eastern NC
Posts: 1,274
Default

Commuter car. Used instead of new. Park the truck as noted and drive it on weekends.
Fish_DOut is offline  
Old 06-21-2019, 09:07 AM
  #14  
Senior Member
 
Join Date: Aug 2011
Location: Palm City, FL
Posts: 2,212
Default

If you are going to add a payment, buy a new truck. Use your current truck for your commute. In 5 years you have a truck paid off with like 20k miles.
Ahoy Vay is offline  
Old 06-21-2019, 09:08 AM
  #15  
Admirals Club Admiral's Club Member
 
Join Date: Jan 2014
Location: Houston, Texas
Posts: 279
Default

The depreciation cost on 2 vehicles will cost more money than the fuel savings by a decent amount.
MTSkibum is offline  
Old 06-21-2019, 09:13 AM
  #16  
Senior Member
 
Lprizman's Avatar
 
Join Date: May 2009
Location: RI
Posts: 5,539
Default

Your spending 10-12 hours of your life a week in it.....get what your comfortable and happy in....budget considered at the end .....last variable

Stop and go traffic?
RIDE2GETHER likes this.
Lprizman is offline  
Old 06-21-2019, 09:29 AM
  #17  
Senior Member
 
Join Date: Jan 2015
Location: South Central Ohio
Posts: 529
Default

I drive a Honda Civic 70 miles each way to work. Just about to roll 200k miles on it and I've never had any issues except for needing to replace the AC compressor clutch a few years ago.
lugoismad is offline  
Old 06-21-2019, 09:39 AM
  #18  
Senior MemberCaptains Club Member
 
Join Date: Jun 2001
Location: CT
Posts: 18,361
Default

Get the Kia and drive on.

You may find you can get a new inexpensive low end vehicle for about the same price as a used car. Maybe pay 30% more upfront . But It is good insurance (safer more reliable?) and you are more likely to get what you want.

Get the Kia and drive on.
LI Sound Grunt is offline  
Old 06-21-2019, 09:41 AM
  #19  
Admirals Club Admiral's Club Member
 
Join Date: Jun 2014
Location: Anderson SC
Posts: 3,807
Default

Used Camry or Avalon certified used and possibly a hybrid. Be a more comfortable commute... if you decide to go that route. Keep a decent value and love you long time soldier.
cphilip is offline  
Old 06-21-2019, 09:48 AM
  #20  
Admirals ClubCaptains Club Member Admiral's Club Member
 
Join Date: Nov 2003
Location: Ocean City MD
Posts: 768
Default

Just double check the hw mileage numbers on that vehicle. For some reason I feel that hybrid numbers both HWY and City are unrealistic while gas engine cars are less than what they really do.
My Son's 2015 Accord gets better HWY mileage than the sticker (gas pump trip method).

I have a Yukon right now with 160,000 miles. Wife also has an SUV. I just purchased a 3 year returned from lease Lexus ES350 for going to work and other trips. I'll keep mileage off the Yukon while still driving it once a week.
Lexus has a very good reliability ranking. Not suggesting a Lexus is an economical car but Make sure whatever you get, you look at reliability. Toyota is way up there along with Lexus for reliability. I wanted to stay AWAY from any CVT car right now.
melnic is offline  

Thread Tools
Search this Thread