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Well, I DID finance EVERYTHING including gap insurance and a service plan
i thought you said you put down 2500. i never put anything down on a car. why am i financing it if im not going to finance the whole thing? no need to lower my monthly payments by making 2 years of payments all at once.
also, does it make sense to get gap insurance on a used car? i bought my car after i had finished its lease and they were pushing gap insurance on me. im thinking why the hell would i want that since gap is to cover the extreme drop in value a car has right when you buy it new, once its already a few years old its not losing value so fast anymore. seemed like a scam to me.
im glad you felt happy with your purchase. i always have a bad feeling when i get a car that i didnt get the best deal possible. i always come in already with all the numbers and what it would cost to finance it. these guys will make a deal for 20k and then work out a financing plan which would be appropriate for a 30k car. its a math equation but they use peoples ignorance to walk all over them.
I've known, for a while, that I really needed to look for a newer car. I have an '86 Honda Accord that has been THE best car I've ever owned but it's now old and tired and starting to cost me money to keep it going. Soooo...I started car hunting last week.
What I wanted....another Honda, not necessarily an Accord....not older than a 2000 model, 100,000 miles or less, 5-speed, lowest price and interest, of course. And around $200 mo. payments. Was also willing to check out Toyota and Kia. I checked out nearly a dozen cars
and THIS is what I got...
A 2005 Buick Century! It was owned by an older couple and when the wife passed away the guy traded it in on a new smaller Kia. It has less than 64,000 miles on it, is PERFECT inside and out and even still has a lot of the 'new car' smell. I don't think anyone has ever even sat in the back seat! Everything works perfectly. I gave them $2,500 down but when all is said and done, I'll be paying around $12,000 for it, after 5 years. That includes EVERYTHING but I plan on paying it off sooner. Payments are $211 at 7% interest. One dealer wanted to charge me 29% interest and I said "Over my dead body!". Insurance will be around $270 every six months, which I thought was pretty good. Especially when I hear people complain about how high auto insurance is here in AZ. The dealer actually knocked off about $800 on the price just because I'm "local and work for Wal Mart". Who knew my Wal Mart discount would work for buying a car?? lol
So...does this sound like a good deal? It's a dream to drive, handles really well but is bigger than my Honda so I have to get used to that. I took it for a drive up the mountain to see how it handled on curves, etc. and it did great.
It's just so nice to have a new car that I shouldn't have to worry about for a long time. Being very frugal, living simply and saving like a madwoman pays off!
Uh, this is a joke???? 12 grand for a 6 year old road bomb.............uh, no you did not do good.
Nope, not gonna let anything get me down. I love my new car and even if I DID pay a little too much...which I'm not sure I did, what with all the add ons I got...I'm still happy with it. Was just curious what other folks thought, that's all. The ONLY thing I got that I wasn't looking for was the make/model. Otherwise I got exactly what I wanted. Hopefully it'll still have some decent trade in value when I'm ready to 'trade up'. Or, as with my Honda, I may just drive it till it dies. lol
"The lack of used vehicles available for sale ..."
"The average wholesale price of a 3-year-old used compact is up 20 percent ..."
"Even prices for midsize sedans and merely serviceable, higher-mileage vehicles are rising ..."
i thought you said you put down 2500. i never put anything down on a car. why am i financing it if im not going to finance the whole thing? no need to lower my monthly payments by making 2 years of payments all at once.
also, does it make sense to get gap insurance on a used car? i bought my car after i had finished its lease and they were pushing gap insurance on me. im thinking why the hell would i want that since gap is to cover the extreme drop in value a car has right when you buy it new, once its already a few years old its not losing value so fast anymore. seemed like a scam to me.
im glad you felt happy with your purchase. i always have a bad feeling when i get a car that i didnt get the best deal possible. i always come in already with all the numbers and what it would cost to finance it. these guys will make a deal for 20k and then work out a financing plan which would be appropriate for a 30k car. its a math equation but they use peoples ignorance to walk all over them.
I did put down $2500. If for no other reason than to make the payments smaller. I wouldn't use my car as a trade in because it just wasn't worth anything...to anyone else.
All the gap insurance will do is make sure that if something happened and my car got totalled...with a balance owing...I wouldn't be stuck paying for it. That happened to my niece and was a really bad deal.
No, I'm not a "girl". I'm a fully grown great grandmother and this is not the first car I've ever bought. Gee, I guess I shoulda been born a "boy" so I'd be smarter. LOL Men always think they can do things better, no matter what. I sure didn't see any guys volunteering to go with and "help" me be smart!
I bought a 2003 Ford Focus in 2004 from a dealer for less than $9k that was a rental car. Had about 30k miles and I still have it. You really overpaid for this car.
Last edited by Rich Cabeza; 07-01-2011 at 07:59 AM..
Reason: added
Couldn't you have bought a new Hundai for that price?
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