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question regarding the economy and cars (pg. 3)
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| Groundhog Boy |
| quote: | Originally posted by lücid
lol, i am NOT buying another VW ever again! i absolutely love the way they drive and handle, but the mechanical/electrical problems are just out of hand.
i stopped by a Toyota dealership on my way home from work and it definitely seems like buying new is the way to go with all the dealer incentives. they're trying to get me into a 2009 Corolla for around $300/month but my trade-in value is really ing me over considering i owe WAY more on the loan than what they'll give me for it... which means i need to rollover the difference into my new loan. not sure if i want to do that at this point. i guess we'll see. |
Make sure they're aware of that fact and that if the deal isn't good enough, you won't take it.
They're really having problems moving cars in the current economy (and that doesn't just go for the Big 3, Toyota reported a loss last quarter), so they've been very generous with the deals and financing options if you've got good credit.
Unfortunately, that also means that they'll have similar problems moving your used car.
As for the hybrids, from what I'm aware, the type of driving that you do is what's going to affect the mileage most. Hybrids are best for city, stop & go traffic, as they recharge when you brake. If you do a lot of highway driving, a regular low MPG might be better for you. |
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| KiNeTiC ENeRgY |
| quote: | Originally posted by lücid
is now a good time to buy a car?
i'm thinking current interest rates will be low and i'm trying to think ahead since i'd like to trade my car in before it starts costing me ass-loads of money to fix it... i just can't decide whether it's smarter to do it before or after i move this summer. |
hell yea, its a good time to buy anything, except a house till it drops down even further. Expect 0 down, and 0%apr as long as you haven't jacked your credit up. Plus a few rebates and employee pricing reductions. |
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| lücid |
my credit is excellent. i'm waiting until tomorrow to hear some solid numbers... and i might just say i'm going to shop around if it's not within my range.
the thought of buying a new car is so weird to me. i was always told "never buy new" but obviously that's the way to go with the way things are right now.
and the thing is... i may not even keep the car for more than a year if all goes as planned, so i definitely just want something reliable to hold me over until then and something with good resale value. Toyota seems like a good option for that. |
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| KiNeTiC ENeRgY |
| quote: | Originally posted by lücid
my credit is excellent. i'm waiting until tomorrow to hear some solid numbers... and i might just say i'm going to shop around if it's not within my range.
the thought of buying a new car is so weird to me. i was always told "never buy new" but obviously that's the way to go with the way things are right now.
and the thing is... i may not even keep the car for more than a year if all goes as planned, so i definitely just want something reliable to hold me over until then and something with good resale value. Toyota seems like a good option for that. |
Toyata, Nissan, and Honda are built well. Just don't tell the dealer how much u want your payments to be or your budget. That's probably the first question they will ask. Negotioate the price of the car, not the payments, and your good. |
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| Groundhog Boy |
| quote: | Originally posted by KiNeTiC ENeRgY
hell yea, its a good time to buy anything, except a house till it drops down even further. Expect 0 down, and 0%apr as long as you haven't jacked your credit up. Plus a few rebates and employee pricing reductions. |
Actually, depending on what market you're in, now is a good time to buy a house, too. Some markets, like NY or Boston, haven't come down enough yet, but one of the reasons for Wells Fargo announcing such good earnings yesterday is that housing is bottoming in quite a few markets, especially California. Coupled with the tax incentives that the government is throwing new buyers, I wouldn't stray away from that, either. It's all about understanding where your market is in the cycle. |
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| Orbital32 |
| quote: | Originally posted by lücid
my credit is excellent. i'm waiting until tomorrow to hear some solid numbers... and i might just say i'm going to shop around if it's not within my range.
the thought of buying a new car is so weird to me. i was always told "never buy new" but obviously that's the way to go with the way things are right now.
and the thing is... i may not even keep the car for more than a year if all goes as planned, so i definitely just want something reliable to hold me over until then and something with good resale value. Toyota seems like a good option for that. |
I highly recommend the Lancer GTS.
Regardless though, AFTER they tell you the price of the car...make them itemize the cost. They tried to screw me over by giving me a piece a paper with some figures on them. Ask to see the paper that shows ALL the indiviual cost of everything.
Also go here: to check out cars http://www.edmunds.com/zipcode/new/index.html
and some good read: http://www.edmunds.com/car-advice.html
particularly the ones that say "confessions of..." |
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| biznology |
ok if you thought VWs were bad NEVER BUY A MITSUBISHI!
yes, i love the lancer, the real deal is a fab car - just not one i would ever pay to keep running. Mitsus are notorious for dying right after your lease expires, and since nobody does leases anymore, you will own the ****** when it craps out, although you will get an amazing deal buying the heap of garbage.
corollas are rock-solid myra but boring as piss. consider a honda/acura if you are going the boring/dependable route. hondas at least have a soul| |
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| Alex |
Just know that "buying" a car is always a bad investment. Leasing is still a great option because you don't get stuck with the same old car if you don't want it.
Buying a car is buying a depreciating asset plain and simple, unless it's a luxury car and you're guaranteed 10+ years out of it. |
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| Orbital32 |
| quote: | Originally posted by biznology
ok if you thought VWs were bad NEVER BUY A MITSUBISHI!
yes, i love the lancer, the real deal is a fab car - just not one i would ever pay to keep running. Mitsus are notorious for dying right after your lease expires, and since nobody does leases anymore, you will own the ****** when it craps out, although you will get an amazing deal buying the heap of garbage.
corollas are rock-solid myra but boring as piss. consider a honda/acura if you are going the boring/dependable route. hondas at least have a soul| |
I just need this car to run for about 6-7 yrs. After which i will buy another car. If the car indeed craps out, that's OK. My deductible for ANY repair is only $25. Regardless if its the stock Rockford Fosgate speaker or the transmission. |
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| jonSun |
Lexus IS 250
cheap, decent on gas, all wheel drive option, very smooth ride, stylish, and Lexus last forever with high resale |
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| fbgdavidson |
Now is the great time to buy certain types of car. As others have mentioned buying a new car can be a great deal due to the dealer incentives and the fact in some markets and for some marques the customers have just dried up. Additionally borrowing is exceptionally cheap at the moment, plenty of 0% deals with the US car manufacturers and my local Mercedes dealer is doing 1.9% specials. I've found that picking up a luxury car is too cheap to pass up. I've been seeing 2yr old Mercedes S and CL Class with minimal mileage that were $140,000+ new for somewhere around $40-$45k or less.
As it turns out the demand for sub $10,000 cars and used economy cars has tightened up. You might get a good deal on your VW, these are the kinds of cars that are selling well in this market. |
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| Zewad |
| quote: | Originally posted by Alex
Just know that "buying" a car is always a bad investment. Leasing is still a great option because you don't get stuck with the same old car if you don't want it.
Buying a car is buying a depreciating asset plain and simple, unless it's a luxury car and you're guaranteed 10+ years out of it. |
driving cross country and leases dont mix...
don't lease... buy
+1 for honda civics or accords, boring but not as bad as a corolla and they run forever, plus you get your resale value and gas milage
i also disagree with diesel fuel,.. you cant exactly find it everywhere... suck to have to drive all over just to find that diesel gas station |
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