I drive a new car.
Well, it’s more than 2 years old now. But I bought it brand spanking new.
When my husband’s Oldsmobile 88 met its maker, he took my old car and I went on the hunt for a new car. I wanted a little hatchback.
I hunted around Craig’s List and ended up at the dealership to look at their used options.
So there was my car. It was a year old, 20,000 miles. A moon roof. $17,100. Seemed like a lot for a used car, hm?
Beside it sat the new car. Same color, same everything, just minus the moon roof and miles. Oh, and with leather seats.
I offered the sales guy $15,000 for the used car. He said “no, but why don’t you let me price up this new car.” I hadn’t expected that.
With the trade-in of the Olds 88 ($2,500?! I couldn’t believe that, but who was I to argue. I don’t think the mechanics out back looked at the undercarriage) and who knows what other voo-doo magic, the price of the new car dropped by several thousand dollars.
Then the salesman told me they were offering $1500 off new cars if the buyer signed up for Ford Financing (at God-knows what interest rate).
With the Ford Financing discount, the new car came down to $17,400. Seemed like a bargain compared to $17,100 for the car with 20,000 miles right next to it. They probably saw me coming from a mile away 🙂
So we got it. We never paid a cent of interest to Ford Financing. We paid for the car in cash well before we received the first monthly invoice.
Was it the right decision? Probably not. I probably should’ve gotten a much less expensive car. This happened just over two years ago, before I started in on the “Kill the Mortgage!” effort. If I had been in the market more recently, I would’ve done things differently.
In the end, I paid cash for a reasonably priced, efficient little car. There are worse things.