Javelin wrote:
STS_ZX2 wrote:
Where is the 8000 coming from? Is that money that you have as cash, or will it be a loan?
That's what we have cash that we are willing to spend on a car to not have payments ($4K from selling the P71 and $4K from her). We have a good amount in savings, but that's for savings.
I'd rather have payments and a warranty at this point as I've been doing nothing but repairs for the last 6 months (Miata: timing belt, crank pulley & keyway, water pump, tires, radiator leak, v-belts, balancer, CAS, etc. P71: stripped/blown out plugs x2, rear axle, parking brake assembly, rear shocks, etc. GP GT: steering pump, steering rack, lower intake manifold gaskets, front hub assembly, rear toe links, tires, etc.).
I already have a solo loan pre-approved at the credit union and can easily make the payments. I don't understand what her hang-up is.
Yeah...get her mind changed. How about you put the $8000 down on something like a new Hyundai Elantra Touring. Its remarkably well-equipped for $16K MSRP (meaning that you can buy one for under $15K)...and the best warranty out there, meaning that as long as you're making payments, you wont have anything major but maintenance to worry about. It is highly rated for safety, has a ton of room both for passangers and cargo, and has a true sport-tuned suspension (compared to the sedan). The payments will be low with that big of a downstroke and you will have safe, reliable and even moderately fun-to-drive transportation. (A Kia Forte 5 door would also be worth a look--'same' car mechanically...but with updated motor series, and a little less cargo space because its shorter). Yes, I have a 2011 ET...I did a lot of looking too back in September. I am very pleased with the overall decision.
The other part is that you get a great weekend road trip out of it with your SO.
