Quote:
Originally Posted by Reggie Dunlop
I don't get the actual vehicle until Wednesday, but I tested a 2007 they (Hondawest) had on the lot.
The price difference was within the range I was looking at spending seeing as I could have have gone higher or lower. Going cash upfront I'm not sure how it works out with financing. Just figured I will eventually recoup the price difference in short order and saving myself from visiting the gas pump more than once a month.
Just figured the trade-off between cost, upkeep (got the extended warranty) basic needs (past the point of trying to impress) I'm going to do okay with the purchase. I figure its not going to be the zippiest and I can reconcile with that. Maybe I'm doing my part for the environment, but I just feel that maybe I've just made a regular purchase. Time will tell. I had been thinking Element or CR-V, this was just a sideways move. I would not have cosidered a regular Civic.
My only advice is to consider need vs. want, and then veer off into options in that price range.
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Why would you pay cash upfront when you could have gotten 0.9 or 1.9% financing? You could have invested your $20-30K and easily made more than 1.9% on it, made your payments every month and likely ended up quite a bit ahead.