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Damn that is a great deal! My car would probably be dead in 72 months but still. lol
a lot of credit unions require you to have relationships with them (points ac ulated from number of accounts, years with them, etc) to get their best offers. Randolph-Brooks locally is doing 3.2% up to 72 months (I think 72) but you have to have the relationship points to get that low. It might be good to find a credit union just to hook up with to take advantage of in the future. My parents signed me up for ours when I was 3 years old and I get all of the benefits of it now being a 20+ year member.
Damn that is a great deal! My car would probably be dead in 72 months but still. lol
I can't imagine either going through a Credit Card company for a car, or making car payments for more than 3 years. Either idea for me is ludicrous.
I'm accused of being a "richer" in here and I don't buy new cars. I buy them used but still in warranty and walk in the dealership with a "pick list" right before the factory warranty expires. There is no reason the newer model cars won't last 200,000 miles if you take care of them. Basically if you take care of all the fluid changes all you should normally have to do is tires, batteries, and maybe a starter or alternator or two. Maybe an A/C job. Heck, I've got ceramic brake pads on my truck and am at 160,000 and haven't even had to do brake job yet...
That is crazy! lol I took care of my car as best I could. Kept up with all the routine stuff. I even put mid grade gas in it. But I had alot of issues with it over heating and radiator issues well before I was at 100k.
Wow CC, that is a supersystem right there, with money saving tricks like that you'll make it out of this depression in no time, just don't let Obama find out
My older car just turned over 170k this week.
I'd recommend going with a pre-owned certified deal. I'd also check out what kind of financing the dealer can get you. You might be surprised.
That's what poor people don't understand, a lot of rich people are rich because they don't part with their money as easily as poor folks do.
When I got the car loan from Firstmark, I applied for it the same day I opened an account with the minimum $5.00 deposit. I love that bank.
I paid cash for both my cars, 25K & 45K.
Get real man
what is the proper response to that kind of post?
"Wow you're paid"
"good business decision"?
Weak
If you can do it, do it.
In my defense though, I completely lost track of where this thread was going after reading CosmicCowboy's car buying advice.
go through a credit union you big dummy
I have a 96M Edition Miata that I bought in '98 when it was 18 months old. Blue Book was $24K new, and I paid $16K at a dealership. It had 21K miles on it. It now has 103K, and I haven't made a payment in 7 years. The average mileage per year on the car is about 7350. It was certified pre owned, and I got the balance of the factory waranty (18/18K) plus and addtional 12/12K.
My other car is a 2005 MINI S model that I bought in 2007 for $17K with 21K miles on it. I have about 20 more payments, and the car sits at about 50K on the odometer.
1) NEVER buy new. A HUGE chunk of the depreciation of the car happens in the first year or two. The Miata that I bought depreciated 33% in 18 months.
2) Find a good mechanic that you trust, and give him frequent business with preventive/scheduled maintenance. If you take car of your car, it will take care of you.
exstatic.
Only the foolish buy new cars. Brand new used cars are everywhere for a lot cheaper.
A couple of years ago when oil hit $140 a barrel and everyone was freaking out like the world was ending I bought a one year old hard loaded Eddie Bauer Expedition with 23,000 miles for $15,000 and it still had the $48,000 window sticker in the dash.exstatic.
Only the foolish buy new cars. Brand new used cars are everywhere for a lot cheaper.
No you're accused of being a bag and it's an accusation well justified.
Back on the subject, I recently bought a 99 Honda Civic with 132K on it for 2600. It's a pretty sweet deel and the mileage is really low considering how old the car is. It worked out good for me because my last car was declared a total loss when I got hit from behind.
You total your bicycle while you are getting "hit from behind" and you call ME a bag?
"It worked out good for me because my last car was declared a total loss when I got hit from behind."
Bicycle=car...yeah sure. Whatever you say.
No car loans here in Argentine-land
That gives the normally unsecured creditor a lien on your asset, the vehicle.
If you ever fall behind on the payments... you are doubly ed because you will have two en ies screaming for blood.
Best to avoid this.
If the rental is really killing you, get a lease, and try to save money for a down payment. Or better yet just get a used car to bridge the gap.
Even if you get a real POS that requires repairs, it will still be cheaper than renting a vehicle.
Thanks for all the sound advice given! I think I am going to follow you guys advice and go with a used certified 08 Ford Fusion. I read the consumer report on it and it is pretty good quality, and it fits into my price range. Thats the plan anyway. I am staying away from foreign crap until I can afford to buy something real. I made a mistake when I was younger running to the dealership and buying a brand new Galant even though people were telling me the problems they had. This time around I am doing my homework. Now the only thing thats left is going through my bank for a used car loan and see if the dealer will match or lower APR.
I'm trying to remember. I think my last rental when I was away on business was a Fusion. Great car, except for the visibility to the back-left. I didn't like the real panel layout. I also didn't like the nose. Harder to tell distance for parallel parking, at least for me, than my Z28.
Make sure you like the driving of it in all aspect.
Yeah I def am going to test drive it first before I make a hard decision. Its funny that you mention that because this Pontiac G6 that I am renting now poses the same problem when I am trying to park. The way the car is made it looks like the damn thing is crooked most of the time. lol Oh and just for you guys info just to give you an example on how crappy Galants are... They have a 09 there on the lot for 10k. The salesman mentioned it to me and I immediatley said no thanks. You couldn't pay me to get another one of those cars.
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