There it stood, right next to the Michael Jordan Wheaties display.
A brand-new 1992 yellow Geo Metro convertible.
Price Chopper, a local New York supermarket chain (think Pathmark or Albertson's on crack) was opening up a brand new location in Saratoga Springs.
The Metro would be the perfect vehicle for upstate New York's salty roads and wickedly cold weather for one irrefutable reason. It was free… after tax, tag and title. The only thing I had to do was figure out how to win it.
So I got busy. 150 entries a day for 3 full months. 13,000 in all. The day came for the drawing, and I won!
25 pounds of free meat. To make matters worse, I was a vegetarian at the time.
So what did I do? I got a friend's cooler. Put in 25 pounds of filet mignon, and took a three and a half hour drive home to impress my dad.
He was impressed. Sadly, it would take me another 10 years before another Geo Metro would enter my life.
The first was a burgundy 1997 four door automatic. I bought what was arguably the shittiest of all Metros for $2000 back in 2002, and sold it for $4000. Doubled my money. Even the paint flaking on the roof and the trunklid didn't detract from the mythical promise of exceptional fuel economy.
Unbeknownst to the buyers of these loveless shitboxes, the automatic version of the Metro drained the MPG numbers by at least 7 mpg. The powertrain was like a rubber band that gave you more resistance as you tried to stretch it out. If you drove it around town and wanted to keep up with traffic, the four-door three speed automatic got only about 30 mpg combined.
I would later find out that a a Tercel could beat it in real world driving. A far heavier and better engineered Civic could match it. Even the almost as cheap Chevy Cavalier could keep up with the Metro in terms of real world fuel economy. Once I sold that Metro, I thanked the good Lord for separating me from this piece of mobile tupperware and proceeded to focus more on W124′s, rear-wheel drive Volvos, and anything made by Subaru.
I called those nicer models the "wanna-be's". As in folks who wanted a Lexus or a BMW, but couldn't afford their price premium in the used car market, would wind up buying one of these three models instead. I bought plenty of other vehicles as well. But chances are, if there was a well-kept trade-in at the auction that matched one of these three models, I would buy it. New car dealers only cared about financing the new and late model vehicles back then. Older cars were a no-no nadir. So it was relatively easy to find good ones to resell.
As time went on, I began to see those Metros regularly hit the $500 to $1000 mark at the auctions. Quality sold, and the Metro wasn't it. Nobody wanted them until very late 05′ when Hurricane Katrina hit.
Then things started to get a bit weird at the auctions. I would see Metros matching the prices of Volvos that were not much older and infinitely more deserving of a buyer's attention. Contrary to the frequent eulogizing of cheap defunct cars, I had zero love for the Metro. It was a deathtrap that anyone who cared about their well-being would stay the hell away from.
Then I found a Metro with good seats. It was called the Suzuki Swift. A 5-speed hatchback with a 4 cylinder engine, the Swift was surprisingly fun and for $600, as cheap as the average repair for a newer Volvo. My wife loved it. My mom thought I was an irresponsible father, and after an interminable delay in market interest, I was finally able to unload it for $1500.
Why the hell did I like that thing? I had two kids and a stay at home mom to think about. Not some ancient tin can of a car.
Well, it got worse, because within three months, I would buy two more Metros.
The first was a 1996 3-cylinder hatchback. White. 90k miles. $500 plus a $50 sale fee.
It was a steal of a deal. I eventually replaced the wheels and sold it for $2800. Then, I struck fool's gold with a first generation Geo Metro at an impound lot auction in South Atlanta.
Imagine 27 dents, 37 dings, and three shades of green.
It was a snot rag. Three shades of green and inexplicably worth my time. The driver seat had virtually disintegrated and yet, there was an immaculate one on top of the back seat along with a driver side mirror. It was a salvage vehicle that was wrecked way back when it was worth something.
188,000 miles. Rebuilt title from Alabama. I bought it, running, for $125. I figured why the hell not.
Well, no A/C in Georgia and a slim chance for profit for starters. I wasn't about to put it up at my retail lot. So I drove it around the neighborhood for a bit.
It ran fine. Perfect. After replacing the driver seat and tossing the old one in a nearby dumpster, I decided to sell it at the one place that could give me a price premium for unique crappy cars.
Ebay.
Old Peugeots at the auctions? Ebay.
A Volvo 780 bought for $90. A nine-year old Subaru Impreza with nothing but primer for paint that I bought for $76.25 out the door? Both ended up on Ebay.
Low-mileage Crown Vics, Colony Parks, Mark VIIIs and 1st gen Priuses with body damage. All I had to do was buy them, take 24 pictures, and write up a glorious soliloquy of pithy summations worthy of an Ebay audience. They brought strong money.
I would buy, sell, and meet the new owner at Atlanta's Hartsfield Airport with a free Starbucks in my hand. I averaged about 150 deals a year during the mid-2000′s and about a third of them were on Ebay.
This car held onto my conscious thoughts like a fungus. One day, I decided to do a financial spreadsheet. Like a lot of former financial analysts, I suffered from this nasty little OCD-like tendency to put anything that required a long-term mathematical answer into a spread sheet.
This time, I pitted the Metro against a 2001 Yamaha XC125 and did the math to figure out which one would be cheaper in the long run if you maximized their passenger count. Long story short, the two trained monkeys riding a scooter wouldn't match the five Pygmys that would be stuck in the Metro.
Now that I figured out the Fantasyland part of my life, I decided to sell the Metro. My first law back then, which I still abide by now, is to never fall in love with a car.
10 days later, the Metro sold for all of $700. This is where things got weird. The very next day, the buyer drove 6 hours from western Tennessee down to Atlanta to meet me. He was one tough looking, intimidating, son of a gun.
Sunglasses, tattoos, one of my friends remarked that he had the smell of shit and spit. I said one word, "Hi.", and for the next hour, all I did was listen to a really nice guy tell me about every single Metro he has ever bought while staring at my reflection on his sunglasses. This guy was made for this car. I pocketed the $700 and decided that I had made a match in small car heaven.
All these memories came back to me this evening for one reason.
The new Mitsubishi Mirage. I have yet to drive it. But the Mirage is probably the first car whose parsimonious pedigree harkens back to that nearly forgotten world of basic cheap cars in the United States.
In today's world, where a basic economy car comes with over 100 horsepower, 15 inch aluminum wheels, and 10 airbags, the Mirage strikes me as something that is worthy of the old Metro's econobox heritage.
So count me in as one guy who is willing to cheer for a contender that is a pure pretender. I look forward to buying them real cheap when 2020 comes around. Who knows? By then the Mitsubishi Mirage may replace the Geo Metro as the penurious used car of choice for the modern day tightwad.
from The Truth About Cars http://ift.tt/Jh8LjA
Put the internet to work for you.
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