Comments on: Would you drive a car that cost only $2,500 new?

By: Free Money Finance

Free Money Finance — Fri, 15 Jun 2007 10:19:40 +0000

Star Money Articles for the Week of June 11…

Here are interesting posts and news this week from the MoneyBlogNetwork and beyond: MightyBargainHunter asks if you would buy a car that only costs $2,500 new. Five Cent Nickel details his first experience with the new Bank of America ATMs….

By: NCN

NCN — Wed, 13 Jun 2007 01:53:53 +0000

If I lived in a city or in town, I’d definitely do this. Heck, my first car was an 84 Ford Escort Hatchback that I bought for $4000… and then drove for a year and a half… and my current pickup only cost me about $3K, and I’d prob sell it for less than $1.5K…
NCN

By: Chris

Chris — Tue, 12 Jun 2007 17:56:51 +0000

Most people change cars every 2-3 years anyway. You’d spend less buying the brand new $2,500 every two years than you would financing/buying (and paying taxes on)/and suffering depreciation when selling some $20,000 car. You could run it into the ground within 2 years, crush it, and buy a new one and still come out ahead.

By: savvy

savvy — Tue, 12 Jun 2007 15:01:49 +0000

I haven’t seen the car, but personally I’d rather pay a little more for something that isn’t “disposable”.

By: anoop

anoop — Tue, 12 Jun 2007 14:00:19 +0000

As an owner of Maruthi 800 for over 6 years, I say it is a very road worthy car for India. Indians are definitely excited about ‘One-Lakh’ Rupees (Roughly $2500) car. This is indigenous and I am very confident that it will serve the purpose for Indian conditions. About exporting it out, usually third world countries do export cars but I haven’t seen any exported to others. Again, this car do good in Italy or England, where roads are in similar conditions compared to India.

By: Patrick

Patrick — Tue, 12 Jun 2007 13:59:46 +0000

I think it is the perfect fit for the market. India is very crowded and has many people who cannot afford anything more than this.

Will the car be safe? It won’t meet European or American standards, but it will be safer than putting 3 or more people on a scooter.

Does the world need it? That part of the world does. Does North america need it? No. But do we really need Hummers?

By: Punny Money

Punny Money — Tue, 12 Jun 2007 12:31:42 +0000

Heck, if it could provide just 3 years of reliable service, it’d be worth it compared to the prices and lifespans of most other vehicles being sold today.