7 of 8
BACKNEXT
Dick Flores: 2000 Honda Accord
Dick Flores: 2000 Honda Accord
Dick Flores with his 2000 Honda Accord.
Location: Gooding, Idaho

Why I'm keeping my Honda: My wife and I are retired, but we're not living on a fixed income. We have money for our needs and most of our wants - so long as we don't want a 30-foot sailboat.

We could afford a new car, but we're keeping our 2000 Honda Accord because they are completely reliable for at least 200,000 miles. My Honda dealer recommends the service and maintenance I need, which isn't much, and at 140,000 miles it is an extremely comfortable and safe car. When we do buy, it will be another Honda Accord.

We're letting our equity funds set now, and we're a little bit nervous about our investments. We'd rather cut back on expenses until we know where the stock market is moving. If it turns around, we would consider buying a new car earlier than our two-year plan. But who knows?

My thoughts on the Big 3 bailouts: I've thought a lot about the Big Three. Ford is on the right track, because they are just as reliable as Honda and Toyota. GM's products are not competing with foreign automakers. Chrysler is a mixed bag--they make a good pickup truck, but their family vehicles can't compete.

Overall, I think the decisions our auto companies make aren't in line with what they should have seen coming. They're out of step with what's happening in our country.

NEXT: Kristina Sadlak: 2008 VW EOS

Last updated June 15 2009: 10:18 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Find Your Next Car
More Galleries
Best-loved cars in America These cars and trucks topped J.D. Power's APEAL survey, which measures how much owners like their new vehicles. More
America's most powerful cars A new 'horsepower war' has erupted among U.S. automakers and these are the most potent weapons in their arsenals. More
A sampling of beers being made with traditional Latin flavors A small but growing number of craft breweries are including passion fruit, Mexican cinnamon and other traditional Latin flavors. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.