Re: New car advice

wagirl · ‎03-09-2010

I got rid of my car in 2021-- it was a beater that always needed something. Decided to not replace it so no car anymore and couldn't be happier. I live very close to my town so I mostly walk. I do Uber or Lyft to my appointments tho. Or take the bus too. I have no mobility issues so that isn't a problem. I just couldn't afford any kind of car with the upkeep and insurance and gas prices. I hated driving anyway.

FranandZoe · ‎03-09-2010

Check with Carvana too for what they'd give you for your car. I sold my late husband's car a few years ago and Carvana gave me the best price. Plus it was so easy peasy.

pigletsmom · ‎11-21-2011

Before you do anything I'd see how much the fixes for the current car cost. The lease you mention is going to be 6k right out of the gate. With such low mileage on your current car it seems like that might be a better option. Also what's the cost of the lease at the end? A lease is just basically renting a car. You'd be spending like 12k and have nothing to show for it in 3 years.

ahoymate · ‎05-30-2010

Check out the current price of your vehicle on: Edmunds.com/Carmax. This is what you should go by. Not what a dealer offers.

Some good advise given. 57K miles is not a lot of miles. Yes, tires, fluids they do need maintenance. But, is it worth it to buy another car? Your decision.

FranandZoe · ‎03-09-2010

Just wanted to add - a used car isn't necessarily someone else's problems. Some people still buy a new car every two years, sometimes a used car has been leased, sometimes a rental car, etc. The Elantra I bought the guy decided he wanted an SUV. He was ex-military and the car was/is in perfect condition. If you decide on a used car it's a good idea to have it checked over by your own mechanic.

icezeus · ‎10-30-2010

@Venezia wrote:
The cost and interest rate will depend upon the make/model and any promotions they have going.

I always buy my new Subarus when they have near zero interest (depending on the length of the loan). My last car loan the interest rate was 0.9% over three years. (Would've been 1.9%, if I wanted a longer term.)

As others have said, it's worth shopping around. I'm sure there are plenty of cars available for less than $48K. That sounds like MSRP and no one I know pays that. Worth checking Kelley Blue Book, too, for a realistic price.

ETA: I see Subaru is offering 2.9% right now. I haven't looked at the terms; just saw it on a tv ad tonight. But they have offers of interest rates as low as 0.9%, depending on the model & year.

@Venezia
The Subaru rates depend upon the model you purchase. A few months back, I bought a new 2025 Subaru Forester. I walked in knowing that I would get the 2.9%, but I believe that was for the Outbacks at the time. My rate ended up being 4.9%.

Venezia · ‎03-09-2010

@icezeus - Yes, that's why I said it depends on the model & year.

I looked at their actual offers online and there are several different ones. For anyone looking for a new car, it's worth doing the research first and, if you can, buying during the special promotions.

It's odd, but I looked back through my statements for my current car and they all show an interest rate of 0.0%. Very odd! I'm certain that wasn't the rate!

"" A little learning is a dangerous thing."-Alexander Pope

shoekitty · ‎03-10-2010

@geegerbee Leasing isn't bad. We have never done it, but I have family members and friends who have and they keep re leasing! If you don't have a lot of down,payment, and you aren't going to bedriving forever. A lease can be a the way to go. My granddaughter likes it. I think she has a 10,000 mile a year lease. She hasn't had trouble turning them back in at all. I have to say she isn't one for keeping a clean car either. lol she is in Ca and pays maybe 380 or 400 and change for a small suv. kIA maybe not sure. Most of those cars all look alike to me. Can't tell the Mercedes or bmw's from the Hondas and such..... From the back anyway.
if your currant car is close to biting the bullet, and cost keep occurring this may be the way to go. You might take your current car to a trusted maple hanky, get a complete check up and see where you are. If you aren't paying a car payment now, and it is a small amt to fix car, you might want to keep. But it is older.

“sometimes you have to bite your upper lip and put sunglasses on”….Bob Dylan

icezeus · ‎10-30-2010

@Venezia wrote:
@icezeus - Yes, that's why I said it depends on the model & year.

I looked at their actual offers online and there are several different ones. For anyone looking for a new car, it's worth doing the research first and, if you can, buying during the special promotions.

It's odd, but I looked back through my statements for my current car and they all show an interest rate of 0.0%. Very odd! I'm certain that wasn't the rate!

@Venezia

I apologize. I somehow missed that you very obviously mention that it depends upon the model & year. I must have skimmed it. Lol

occasionalrain · ‎03-10-2010

The deal is done now. However, you could have gone online to Edmands, at no cost, enter the year, condition and mileage of your trade in and get it's value.