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J
jlsteelmancpa@gmail.com

May 16th

Let me start by saying that I like Toyotas, too. I have two, one with 140,000 miles and one with 170,000 miles. As you can see, I am a proponent of Larry Burkett’s truism, “that the cheapest car you will ever own is the one in your driveway.” My question to you is do you NEED the Camry, or just desire it? Is it worth taking on debt for another six years to get that new car feeling? Philippians 4:11 teaches us to “learn to be content in whatever circumstances.” Learning this lesson will be a hallmark in becoming a good steward of what God has entrusted to you.
Sharonda

May 17th

Thank you for your sound advice and from the Word of God. No, I don’t need the Camry. I’ve got 4 months left before I own my own car and just need to ensure I fix what needs to be fixed on it. I will let the Camry be a blessing to someone else. I’m praying that my brother will be able to get it because he really needs it. My family is willing to pay for it for him for when he graduates college. I would also not want to be a target in the environment where I live with car jackings.
P
pagy

May 16th

I’d keep in mind that Toyotas , especially the older models, need less repairs and are easier to work on . I currently own a ‘92 & a’93 & a’19… as long as they are serviced regularly, you usually don’t have issues. The newer ones have more electronic Lu that can go wrong with them. When or if you do encounter issues with the ‘13, youcan always trade it in on newer model or sell it & purchase what you need. Not having a car payment is a true blessing 😇
Sharonda

May 17th

Thank you Pagy. I had a chance to experience paying off my old car, Dodge Neon, and not having to pay anything for a while. I’m looking forward to it again with my Corolla. This was a factor also in my decision. You brought up a great point about making sure that the car is taken care of mechanically speaking. I pretty much keep up with the oil changes but need to ensure that I take care of everything else.
J
Jim

May 17th

I'd say it largely depends on the condition, reliability and drivability of your 13. If it's well kept, keep going, if long in the tooth with a thousand dollars or more of deferred maintenance, maybe it would be a good move, but only with a much shorter loan. Also, let's not sink into Toyota worship -- they can have their issues, too. I had an 01 that burned oil from 100k to trade in at 153k, great car otherwise, but not forever; also had an 08 that nickel dimed me endlessly with $200-400 repairs, dumped at 120k. My 15 Lexus (also a Toyota) on the other hand is probably the most reliable car I've ever owned, but still needs regular service to reach 300k instead of 150.
S
Sharonda

May 17th

Thanks Jim!
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