Ted's Blog

When I got the new car, I didn’t even ask the dealer about trading in the Mazda, figuring they would offer very little, assuming they would even want it. I have been using Kelly Blue Book to track the declining value of the car over the years and it said my average trade-in price would be $3,854 while the average private party sale would be $5,658. I can’t actually get either of those because for condition, you can only put in “Fair” as the lowest, but the paint is oxidized and there is some damage to the back bumper from a minor fender bender. I got $700 for the fender bender and if I throw in $500 for the paint, I get to around $4400, which is what I would like to get for the car. One reason a 12 year old car like that is ranked that high is I have only put 58,000 miles on it.

I put an ad for the car on Nextdoor, but heard nothing. Looking at a few other cars there, it seemed like I was pricing it about right knowing I would get haggled down a little. To cast a wider net I thought I would put it on Autotrader, which is only $25. Looking there, my car seems like a real deal, but I realized most of the cars on Autotrader are from dealers and also may not be selling or they wouldn’t be there anymore. All of the Mazdas in my price range had way more miles on them. Anything with as many miles as my car was generally much newer and much more expensive. I tried comparing similar cars that are more popular like the Civic and Corolla and got about the same results. So I feel good, but who knows if anything on Autotrader is actually selling?
Continue reading “Used Car for Sale”

Last night after calling the salesman and saying I wanted the car, I went out to my car to get something and noticed the lights flashing when I unlocked the car didn’t look right. I got in the car and tried to start it and it wouldn’t turn over. Dead battery. I looked up whether I could roll start the car and since it is a manual transmission, this can be done. The internet recommended starting from second gear at about 10 mph and it worked like a charm as I coasted out of the driveway and down the street. I went around the block and parked again, but it stayed dead even after driving a half hour to the dealer, so I probably need a new battery. I think the Mazda knew it was about to be replaced.

After shopping earlier in the week, I decided to go in today and probably buy the car unless something fell through. It went pretty smoothly though. I could only put $5,000 down with a check and had to finance the rest or else wait a few days to move enough money into my checking to pay for the whole thing. Actually some of the discount was based on me financing with Ford Credit, so it worked out fine. I was hoping to get 0% or 1.9% financing, but to max out the discount, I had to pay market rates based on my credit rating, so the interest rate was 4.15%. I might have let 1.9% ride figuring it is less than inflation, but I will probably go ahead and pay off the loan if I have to pay 4.15%. It is a 4-year loan.
Continue reading “Ford Escape LE Sport Hybrid”

Earlier in the year, I was able to make a little money selling some gold coins back to the online dealers that I bought them from several years ago. In January, the spot price was $1570 per ounce and silver was $18.30 per ounce. I sold two 1-ounce gold coins and 40 ounces of silver bars.

Then in July, the price of gold had gone up to $1800 per ounce, so I sold two more gold coins, telling myself that if it went to $2,000 per ounce, I would sell two of my last three gold coins and keep the the very last one as a souvenir, paid for with gains from the other coins (a 1922 Double Eagle, which surprisingly don’t have a huge premium).

A couple of weeks later, silver shot up to $20 an ounce and I figured I could make about a 20% gain on some things I had that were not favorites (a bunch of silver bullion coins from the UK that I shouldn’t have bought, let alone 40 of them, plus a tube of 20 US silver eagle coins, my last 10 ounce bar, and some rounds (privately made coins). 75 ounces altogether, it made for a pretty heavy box (over 5 pounds).

Continue reading “Selling Silver”

Many years ago the guys on Car Talk compared lifetime car ownership costs depending on if you bought a new car every year, every 3 years, or bought used. I think used was cheapest except maybe they had one alternate called “heap” where you bought a 10 year old car and paid a lot in maintenance. I ran numbers of my own which showed you could buy a car and keep it for 10 years and it wasn’t that expensive, plus you get the joy of a new car every 10 years. 12 years ago I bought a Mazda 3 to replace my 10 year old Honda Civic. I was due to replace the Mazda in 2018, but I put unexpectedly low miles on the car, so it was only up to 50,000 or something like that and prices on new Mazda 3’s were a lot higher than when I bought mine ($22,000 instead of $18,000). If I was going to pay a bunch of money, then I had to look at more options. Plus with retirement a couple of years away, a small car might not be the best fit for me if I was going to travel a lot and/or have a second home somewhere.

If I am going to take long trips, then an electric car won’t work for me because at best they can only go a few hundred miles on a charge and the fastest chargers can do 80% full in 30 minutes. But now they are making plug-in hybrids with larger batteries that will let you run the car on battery power for 20-35 miles, which covers 95% of my trips. Essentially I could have an electric vehicle with a gas engine as backup. I found the Kia Niro, a small SUV (really more of a hatchback almost), which got amazing mileage of 50 mpg and had a new plug-in hybrid model available. I have to be careful with miles per gallon because I don’t put that many miles on a car. In fact, I have only spent $5300 on putting gas in the Mazda over 12 years and 56,000 miles. So better mileage would only reduce that number somewhat, not make it go to zero. If a hybrid could get twice the mileage of the Mazda, it might only save me $2650, so if the hybrid cost an extra $3000, I would lose money. Right now I only fill up about once a month in a car that gets 25 mpg. With a plug in hybrid, I would only need to fill up when I go out of town, which isn’t that often, maybe a few times per year.

Continue reading “Car Shopping 2020”

My Dell Dimension 15 is six years old and has been having a lot of trouble. It would become unusably slow and I am not sure why. I had reformatted and started over a few times, but learned never to let it sleep or it might not come back without forcing a restart which would just make things worse. I almost bought a new computer four months ago, but got it working again. Then this week it went back to super slow and I started shopping around. I have been able to find decent laptops for $300-$400. These have regular hard drives 15″ screen and probably an i3 or AMD Ryzen processor. But I found a Lenovo IdeaPad 5 for $430 that had some nice extras like a 512 GB solid state hard drive (most computers with solid state drives are 128 or 256 GB), a backlit keyboard, an i5 processor, and a fingerprint reader to allow logging in with a touch. It also has a higher resolution screen of 1920×1080 pixels versus the usual 1366×768 pixels of budget laptops. One worry was that would mean it just shrinks everything down, which would be hard to read.

I decided to spend the extra money and get it, but when I went to order it from Staples it was marked in-store only and not available at any stores within 100 miles. The next day I checked back again and it was available for shipping, so I went ahead and ordered it.
Continue reading “Lenovo IdeaPad 5”