OT: Buying a new car
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OT: Buying a new car (by Roy [AL]) Jan 4, 2022 7:59 AM
       OT: Buying a new car (by Nicole [PA]) Jan 4, 2022 8:44 AM
       OT: Buying a new car (by WMH [NC]) Jan 4, 2022 8:58 AM
       OT: Buying a new car (by Doris [OH]) Jan 4, 2022 9:06 AM
       OT: Buying a new car (by Jason [VA]) Jan 4, 2022 9:11 AM
       OT: Buying a new car (by Jason [MI]) Jan 4, 2022 9:19 AM
       OT: Buying a new car (by Deanna [TX]) Jan 4, 2022 9:20 AM
       OT: Buying a new car (by Allym [NJ]) Jan 4, 2022 9:56 AM
       OT: Buying a new car (by myob [GA]) Jan 4, 2022 9:58 AM
       OT: Buying a new car (by Robert J [CA]) Jan 4, 2022 10:25 AM
       OT: Buying a new car (by Roy [AL]) Jan 4, 2022 10:28 AM
       OT: Buying a new car (by Oregon Woodsmoke [ID]) Jan 4, 2022 11:01 AM
       OT: Buying a new car (by Nicole [PA]) Jan 4, 2022 11:05 AM
       OT: Buying a new car (by NE [PA]) Jan 4, 2022 11:07 AM
       OT: Buying a new car (by MC [PA]) Jan 4, 2022 12:01 PM
       OT: Buying a new car (by Roy [AL]) Jan 4, 2022 12:18 PM
       OT: Buying a new car (by S i d [MO]) Jan 4, 2022 12:33 PM
       OT: Buying a new car (by Robert,OntarioCanada [ON]) Jan 4, 2022 12:51 PM
       OT: Buying a new car (by Jim in O C [CA]) Jan 4, 2022 1:31 PM
       OT: Buying a new car (by NE [PA]) Jan 4, 2022 1:45 PM
       OT: Buying a new car (by 6x6 [TN]) Jan 4, 2022 2:13 PM
       OT: Buying a new car (by MikeA [TX]) Jan 4, 2022 3:08 PM
       OT: Buying a new car (by Chris [CT]) Jan 4, 2022 3:25 PM
       OT: Buying a new car (by Chris [CT]) Jan 4, 2022 3:32 PM
       OT: Buying a new car (by Robin [WI]) Jan 4, 2022 5:21 PM
       OT: Buying a new car (by Roy [AL]) Jan 4, 2022 5:40 PM
       OT: Buying a new car (by Pmh [TX]) Jan 4, 2022 5:47 PM
       OT: Buying a new car (by JB [OH]) Jan 4, 2022 6:08 PM
       OT: Buying a new car (by Pmh [TX]) Jan 4, 2022 6:23 PM
       OT: Buying a new car (by Robert J [CA]) Jan 4, 2022 7:34 PM
       OT: Buying a new car (by Homer [TX]) Jan 4, 2022 8:27 PM
       OT: Buying a new car (by Ray-N-Pa [PA]) Jan 4, 2022 9:54 PM
       OT: Buying a new car (by Robert,OntarioCanada [ON]) Jan 4, 2022 10:06 PM
       OT: Buying a new car (by BRAD 20,000 [IN]) Jan 5, 2022 2:46 AM
       OT: Buying a new car (by Roy [AL]) Jan 5, 2022 7:28 AM
       OT: Buying a new car (by myob [GA]) Jan 5, 2022 8:16 AM
       OT: Buying a new car (by Roy [AL]) Jan 5, 2022 8:45 AM
       OT: Buying a new car (by myob [GA]) Jan 5, 2022 9:11 AM
       OT: Buying a new car (by myob [GA]) Jan 5, 2022 9:22 AM
       OT: Buying a new car (by WMH [NC]) Jan 5, 2022 9:51 AM
       OT: Buying a new car (by Allym [NJ]) Jan 5, 2022 10:10 AM
       OT: Buying a new car (by Roy [AL]) Jan 5, 2022 11:02 AM
       OT: Buying a new car (by Landlord ofthe Flies [TX]) Jan 5, 2022 6:26 PM
       OT: Buying a new car (by Robert,OntarioCanada [ON]) Jan 5, 2022 10:52 PM
       OT: Buying a new car (by Robert J [CA]) Jan 5, 2022 11:02 PM
       OT: Buying a new car (by Dee Ann [WI]) Jan 6, 2022 12:00 AM
       OT: Buying a new car (by Chris [CT]) Jan 6, 2022 12:50 PM


OT: Buying a new car (by Roy [AL]) Posted on: Jan 4, 2022 7:59 AM
Message:

In all of my years, the only vehicle that I bought brand new off the dealers lot was a 1999 Tahoe which in hindsight, was the best and most reliable SUV I have ever owned. I sold that vehicle in 2014 when it had 250K miles on it. Now, I want to go shopping for another brand new one.

Assuming you have bought more new cars than I have, I am curious as to how you would go 'paying for the new vehicle'. Even if you have the means to 'pay all cash' at the dealership,....is this a smart thing to do?

Now, if you are going to use financing, how do YOU go about doing this? Does it make any difference if you get your financing from the dealership or from other sources?

For the sake of this post,...lets assume the new vehicle you want to buy cost $50,000 and since you have great credit, you qualify for whatever the best new car interest rates are.

How would you go about paying for a $50,000 new car? (There are no right or wrong answers here).

Brad20K - if you were to going to buy a brand new Corvette, how would you pay for it?

--71.207.xxx.x




OT: Buying a new car (by Nicole [PA]) Posted on: Jan 4, 2022 8:44 AM
Message:

The last time I financed a vehicle I went to my credit union and got one of those blank check type loans. At the dealership I told them I was paying cash since in reality I was. I got my price. I then told them I was using a credit union loan. Of course the finance manager appeared out of nowhere. He swore he could get me a better deal and I told him to see what he could do. He actually got me a better deal than my credit union. It wasn't much and because they then wanted me to submit all kinds of paperwork (pay check stubs which I don't have, etc), I declined, wrote the check that was in my hip pocket and out the door I went.

Because I was able to pay cash but didn't want to, I took out that loan. I paid it back at $1000 a week. I had the cash and the income but was leery removing the $50,000 (this was years ago and it was actually $40,000) in one lump should something/anything go wrong in my life, the economy, the world, etc.

Also, one point of clarification - I believe Brad is purchasing a porsche, not a corvette. --98.237.xxx.xx




OT: Buying a new car (by WMH [NC]) Posted on: Jan 4, 2022 8:58 AM
Message:

We keep our car for decades so I don't mind buying a new one these days. Especially with zero percent interest, it's like paying cash anyway.

My last car, a 2019 Suburu Outback, was $38k. I've been paying $800 a month for two years, a little more to go and done. Since we were prepared to pay cash, I was happy to go the zero interest route.

My son bought a used car recently and the interest rates were CRAAAZY. --50.82.xxx.xxx




OT: Buying a new car (by Doris [OH]) Posted on: Jan 4, 2022 9:06 AM
Message:

I only took out a car loan once in my life when I was starting out and wanted to establish credit. I did what Nicole did and paid it off fast. It was my first car, there was no internet and I just accepted the rate from dealer with local bank. However, since you talk about going in and talking to a dealer, I have something else for you to think about. We also havenít done that for a long time. Now we go online to the dealerships in our area, enter what we were looking for and ask for a quote. Saves hours of time. The last time it was a dealer about an hour away that gave us the best deal, better than we had hoped for. Local dealer where we do our service didnít even respond. Some dealers seem more interested in quick, easy transactions than others. --184.59.xxx.xx




OT: Buying a new car (by Jason [VA]) Posted on: Jan 4, 2022 9:11 AM
Message:

Borrow it if the money is cheap. I couldíve paid cash for my last purchase, but Iíd rather spend theirs for 2.5% interest. I took some of the cash saved and bought the companyís stock. (I just wish I would have bought more.). Spread your money out where youíll make more than your loan interest rate. --50.239.xx.xxx




OT: Buying a new car (by Jason [MI]) Posted on: Jan 4, 2022 9:19 AM
Message:

I bought 2 last year.. 21 ram an 21 traverse

1. Check with who you bank with for rates

2. Check other bank/cu rates by you

3. Have dealer give you options

Mine was 60 months 1.89 no money down

Cheaper than a heloc or loc. Less than I pay to borrow so made sence to borrow

Shop around.. cargurus or cars.com. I went 75 mile away to save 3500 on my truvk.. can shop at home an don't need to run all over... --107.127.xx.xx




OT: Buying a new car (by Deanna [TX]) Posted on: Jan 4, 2022 9:20 AM
Message:

We buy a "new" vehicle when people aren't confident in the economy, because the used lots are so picked over and people are hanging onto good cars longer, and the models we like on the used lot are comparatively close in price to what's on the new lot. We buy a "new-to-us" vehicle when the economy is good, the lots are full of low-mileage newer cars, and the savings make it worthwhile.

We use USAA for our insurance. They offer auto loans. The next time we need to buy a car, we'll call them ahead of time, get approved, and go shopping. Then a few months later when we're comfortable with the car and feel like paying it off, we'll pay it off in a lump sum.

We could pay straight cash up-front if we wanted to. The last car we bought (2018) was used, and the two finalists on our shortlist were fixed-price sellers. (Carmax and Enterprise, both selling retired fleet cars.) But if it wasn't for hitting a deer, we'd still both be driving vehicles we bought new in 2009, so we don't really go shopping too frequently. :) But it's nice to be able to compare, "This is what it costs if we finance it through [insurance], this is what it costs if we finance it through [dealership], and this is what it costs if we just pay for it up-front." But since I can't, like, put the entire thing on a credit card and get significant points or cashback or something, it's easier to let the loan affect the diversity of your credit score for a few months before making it go away. --137.118.xx.xxx




OT: Buying a new car (by Allym [NJ]) Posted on: Jan 4, 2022 9:56 AM
Message:

No matter how you pay the shifty little grifter salesperson will figure out how to steal from you. Either they will low ball your trade in or add some fee to the sales agreement. They are disgusting. I would buy a used car from a private person who has to sell for whatever reason. It should be almost new and very low mileage. If you can't find that then good luck to you since they will take the "pound of flesh" right off you in the deal. The place where I got my Outback had a special guy to fleece me on this or that. Don't agree to anything they put on the final sale document that raises the price. Walk out. Price the car all over. Find the lowest price. Write it on a piece of paper and hand it to the sales person. Tell him, no hers, to make it work or no sale. Be prepared to wait if it's something that has to be shipped. --108.24.xx.xx




OT: Buying a new car (by myob [GA]) Posted on: Jan 4, 2022 9:58 AM
Message:

Who's got what you want in new trucks? -- that's the question. Have you been looking lately?

I got a new RAM Limited edition 4 WDrive. Fully loaded last year. Told my salesman that the last truck I brought here sat for 6 months before you sold it to me at a fire sale price. I even knew they had put on 50 miles in test drives. NO BUYERS.

Lets not do that again.

Recently looked at Frontier (new one) for my wife. There was nothing on the lots or within 100 miles. Then I get an email from the sales guy-- if you can pay 4800.00 more than sticker we can get you something close to what you want. Won't tell you what I told him. I didn't get it though. I'm out of the I GOTTA HAVE IT STAGE. --99.103.xxx.xxx




OT: Buying a new car (by Robert J [CA]) Posted on: Jan 4, 2022 10:25 AM
Message:

I like working and restoring old classic vehicles. Being handy I almost always purchased for myself used or dead vehicles. In my life I've only purchased 3 brand new vehicles.

The first one was for my mother because my dad only purchased demonstrator or used models. The second new car I purchased was for my wife and for myself, when I turned 50 I purchased a new car for myself.

I was crazy. I should treated myself to a new vehicle a long time ago. The extended warranty did nothing because it ended long before I got any claims -- Japanese vehicles are designed to outlast their extended warranties.

But living in L.A. with massive roads and freeway systems, my tires got flats often. Many times the tires couldn't be patched. SO I urge you to get tire protection with free replacement during the first 50,000 miles. --47.155.xx.xxx




OT: Buying a new car (by Roy [AL]) Posted on: Jan 4, 2022 10:28 AM
Message:

A lot of great responses here,..keep them coming. I can buy a cheap house with no problem but when I am on a new car lot, I am no different than a 'kid in a candy store'.

Has anyone here ever bought online from Carvanna?

One of the local Ford dealers here is advertising for car buyers to come to his dealership and Order a new car from the factory. (I would assume this dealer has low inventory due to shortages). Has anyone ever ordered a car from the factory and they supposedly 'build it only with the options' you are willing to pay for ?

Nicole: Okay, Porsche applies here too. How would he pay for a brand new one? And what is the MSRP on a brand new Porsche 911 in candy apple red? Do Porsche dealers offer discounts on their new vehicles or does everyone have to pay the sticker price?

--71.207.xxx.x




OT: Buying a new car (by Oregon Woodsmoke [ID]) Posted on: Jan 4, 2022 11:01 AM
Message:

You are a landlord. You most likely qualify to contact the commercial salesman at a big dealership and get the commercial price.

You give them your wish list and they find the car located somewhere within a few states and get the car shipped to them. Price is good and non-negotiable because it is the dealer's best and final.

The commercial department of the dealership is usually inline and generally, that is where the ordering and negotiating happens. --76.178.xxx.xxx




OT: Buying a new car (by Nicole [PA]) Posted on: Jan 4, 2022 11:05 AM
Message:

Allym - I am always so curious how someone of your age and life experiences has so many issues with so many of life's every day tasks.

You go in and tell them you are buying outright. No trade in. You get your price. You then tell them you decided to trade in and get the new price. You now know what you are paying for the new vehicle. You now know what they are giving you for your old vehicle.

I bought a new car two years ago from the Philadelphia area. I made the deal over the phone. They gave me the price and that was it... they didn't change it later. They delivered it, I gave the guy a check, I signed a few documents and out the door he went. No price changes. --98.237.xxx.xx




OT: Buying a new car (by NE [PA]) Posted on: Jan 4, 2022 11:07 AM
Message:

I donít understand the new car thing. I cringe at the thought of paying more for a car than I can for a house. --24.152.xxx.xx




OT: Buying a new car (by MC [PA]) Posted on: Jan 4, 2022 12:01 PM
Message:

We looked at Carvana but it seems there are fees to ship it you, which I understand, but I couldn't get past it. I want to see and feel and buy seen. Not off of a description. We called about one that said it had a hitch but none was seen in the picture. Apparently the ones posting the pictures are not the same as those posting the listing. That was also why we decided against them. --73.230.xxx.xx




OT: Buying a new car (by Roy [AL]) Posted on: Jan 4, 2022 12:18 PM
Message:

NE,

I am pretty sure my 1999 Tahoe lasted 15 years without any major repairs is due to my changing the oil at every 3,000 interval. When I buy a used vehicle, I have to pray that the previous owner(s) changed the oil and did any other required maintenance like changing the Transmission fluid which a lot of people do not do. So this is the advantage of buying a new vehicle with a clean slate that you plan to keep until the wheels fall off.

I have tenants who make payments on new cars/trucks that cost twice what the house they rent from me does!

--71.207.xxx.x




OT: Buying a new car (by S i d [MO]) Posted on: Jan 4, 2022 12:33 PM
Message:

Several ways to approach this, but probably three main methods that for lack of better naming convention I will attribute these to two well-known financial personalities.

1) The Robert Kyosaki method: finance the car on the longest term note possible and buy enough houses to make the payments on the car you want. Let the house "buy the car" for you.

2) The Dave Ramsey method: pay all cash. If you don't have enough cash to pay for the car you want now, use the "step ladder" plan to buy the car you can afford while you save up for the next level up, then swap out the old car (cars?) plus cash to get the car you want. Repeat this as often as necessary

3) The Joe 6 Pack method: buy the car on terms and pay for it out of existing cash flow.

I'm not going to tell you what to do, but I know which one I prefer. Cars, to me, are ultimately tools, but they have many features I define as "toys". The urban cowbow with his Ford F450 with fake stacks and bed that's never seen a load is a perfect example. It's easy to be lured into buying stuff you don't need, don't really want, and ultimately just inflates the car dealers profits at your expense. If you've got the cash, bu all means. If not, then I question why one would increase work load and risk by devoting more resources to something that provides you little to no value.

So, identify the car you need and want, figure out how to pay for it, and go forth and conquer. Be happy with your decision. --108.230.xxx.xx




OT: Buying a new car (by Robert,OntarioCanada [ON]) Posted on: Jan 4, 2022 12:51 PM
Message:

North American vehicle depreciate a lot withing three years where Toyota does not. I was only save 5k for a used Tacoma. I like a smaller pick up truck as fuel consumption is important. The last Ranger was the last Ranger I will buy. I will not buy a vehicle with turbo charged engine where the engine is being strained. What is going to happen when vehicles will have to meet new fuel economy standards where turbo charge will be the norm. Most North American vehicles start to have major repair issues after 200,000 kilometers where many parts start to fail where assemblies instead changing a individual part. If can avoid 4x4 then there are less problems. What is happening is the basic vehicle not loaded is no longer available. Ford and Fiat owned company have the lowest number of reliable vehicles. Some vans are basically a Fiat rebranded vehicle named Ram. Fiat has had never good reputation anywhere in the world. So if vehicle drops to half in three years then can buy more over a period of time. Look for a vehicle that has service records to see if maintained. --99.236.xxx.xxx




OT: Buying a new car (by Jim in O C [CA]) Posted on: Jan 4, 2022 1:31 PM
Message:

I now pay cash and buy one year used and below 5000 miles. This gives me a great price for the vehicle, lower insurance cost and lower license plate state fee.

I still have my 2006 Toyota Avalon with 165,000 miles. --204.152.xxx.xxx




OT: Buying a new car (by NE [PA]) Posted on: Jan 4, 2022 1:45 PM
Message:

Roy, you probably donít have the salt on your highways in the winter time like we do up here. You can have a new truck rotted out in six or eight years up here with heavy use in the winter time. --174.198.xx.xx




OT: Buying a new car (by 6x6 [TN]) Posted on: Jan 4, 2022 2:13 PM
Message:

Decide on the vehicle you want and then do some research to see if there have been any problems with that make and model thus far. Every vehicle will have it's problems. Why get a loan on a depreciating item. --73.120.xx.xxx




OT: Buying a new car (by MikeA [TX]) Posted on: Jan 4, 2022 3:08 PM
Message:

Whether you finance or not more than likely depends on your stage in life. Me, I don't need the cash for more investing so I'd rather not have the debt. Different story from when I was young and growing the business.

I ordered a vehicle years ago. I don't remember why but inventory was low like it is now. I sat with the sales manager and configured it to my specs then we haggled on the price and finally I put down $500 and waited about 2 months for it to arrive. Worked pretty well.

My son just ordered one of the new electric Mustang's. He doesn't get delivery until May! --209.16.xx.xxx




OT: Buying a new car (by Chris [CT]) Posted on: Jan 4, 2022 3:25 PM
Message:

Your going to spend about $70k on a Tahoe. I wouldn't shop for a vehicle until the end of next year with the shortages if you can get a Tahoe you will probably be $5k-$10k over MSRP.

As to paying for it the dealer usually has a special finance offer. 60 months at 0% etc. If you use the dealers financing you typically can get a better deal because they make money on it. Sometimes you get an additional rebate. My father purchased and F150 last year and got an additional $3k rebate for taking a Ford 5% note, he paid the truck off a month later, but he could have easily refinanced it for 2%. --24.45.xxx.xxx




OT: Buying a new car (by Chris [CT]) Posted on: Jan 4, 2022 3:32 PM
Message:

Roy I parked next to a new 911 Turbo s cab last night going to dinner. That's a sweet car going by Porsche's website they start at $219k. --24.45.xxx.xxx




OT: Buying a new car (by Robin [WI]) Posted on: Jan 4, 2022 5:21 PM
Message:

Like Chris said, I wouldn't buy now with the vehicle shortages. Next year, when the massive shipments of chips finally arrive and there's a glut--that would be a good time to buy!

Definitely check out dealer financing. When we bought our new van, they offered us $500 off if we financed. We did, and then paid it off the next month. --104.230.xxx.xx




OT: Buying a new car (by Roy [AL]) Posted on: Jan 4, 2022 5:40 PM
Message:

NE,

A year ago, I bought a used 2006 pick-up truck that had originated from a dealership in Washington, DC. where they have salty roads. First used vehicle I have ever bought that had rusted out rocker panels on it. That was the only thing wrong with it and so I bought it anyway for $5K. Down here they put sand on icy roads/bridges but not salt.

--71.207.xxx.x




OT: Buying a new car (by Pmh [TX]) Posted on: Jan 4, 2022 5:47 PM
Message:

dealer rate is NOT always the best. I usually finance through credit union. last time I bought the dealer said would match the rate & term after the usual bs ďlet me talk to my mgrĒ but they had tried to jack up the advertised price (which was a good deal on a used Nissan Sentra) to offset on the paperwork they gave me to sign. I was buying car for my son and we were going to walk. so got the price $21k on a $26k 2020 car with 5k miles at 2% & 5 years. NOT a good time to buy new or used. Look & ask for dealer owned. cars the dealer has bought themselves to goose car sales so as to get better allotments for the new year. saved $5k on my MX5 with 18 miles on a ďpre-ownedĒ car. --107.77.xxx.xxx




OT: Buying a new car (by JB [OH]) Posted on: Jan 4, 2022 6:08 PM
Message:

You guys are looking at dealers like renters look at landlords. Being a dealer myself, it is no use discussing. It would be like you as a landlord trying to change the renter`s attitude toward you. LOL --24.123.x.xxx




OT: Buying a new car (by Pmh [TX]) Posted on: Jan 4, 2022 6:23 PM
Message:

my renewing renters JB donít compare me with a car dealer. buying my sonís car with my son confirmed for him the scams I told him the salesman would try to pull b4 we went in. --107.77.xxx.xxx




OT: Buying a new car (by Robert J [CA]) Posted on: Jan 4, 2022 7:34 PM
Message:

I turned 16 and got my drivers license, I went to a Honda dealer to buy myself a new car. I had worked a part time job since I was 14, after school, Saturdays and during the summer full time.

The Honda was $7,000, plus sales tax, destination charges, registration and insurance. Totaling around $9,000. I asked the sales women what could I sell the car for in 1 year. She explained that I'd loose the $2,000 for insurance, tax, exc., and on the purchase price of $7,000, I'd only get around $5,000. I was NOT going to buy a new car and loose $4,000 in 1 year -- I worked too hard for that money. So I purchased a used car from a friend.

Then when I was approaching my 18th birthday I went looking at houses with a realtor. Joyce would manager the house if I purchased it from her and agreed to sell it through her. So on my 18th birthday we looked at 4 or 5 houses and I made an offer on one. A three bedroom two bathroom home with a heated pool in Canoga Park, CA for $72,000. My offer was accepted and within 45 days I was the new owner, putting around $15,000 as a down payment, back in 1978.

So instead of buying myself a new car at 18, I had myself my first rental.

In 1986, rentals with pools were no longer a hot item. So I did a 1031 exchange for a 5 bedroom 3 bathroom house without a pool, and no garage. Just a carport. After it was all said and done, I pulled $80,000 out tax free in the way of the loan --1st mortgage refi. So I already made $65,000 tax free.

Then I sold that house in 2015 and pulled out $520,000 after taxes. With the rent profits over the 37 years of ownership, I had banked $65,000 + $520,000 + (rents after expenses and taxes) $200,000 = $785,000

So instead of buying a car and loosing $4,000 the first year, I purchased a rental and made $785,000 on it -- my first rental over a 37 year period. --47.155.xx.xxx




OT: Buying a new car (by Homer [TX]) Posted on: Jan 4, 2022 8:27 PM
Message:

I bought a new truck in November, so I could take advantage of tax code 179. My wife and I now have 7 cars/ trucks, itís and addiction, much like buying houses. Many dealers are charging above MSRP, but I was able to get one for a whopping $250 under MSRP. Lol. Itís a bad time to be in the market for a new auto, but the wife wanted a truck, so she got a truck, Nissan was offering 0 percent for well qualified buyers for 36 months. Out the door with TTL, it was 40k, so I put 20 k down, and took the 0 percent for the rest. You should head over to Heritage in Rome and check out the Frontier, with crew cab. The GVWR is just over the 6000 lb requirement for 179. Dad almost bought one from there in December, but didnít pull the trigger. Apparently they arenít charging over MSRP, but they do have some dealer ad ons, but with some push

Back, I think they will back off. Good luck, I love the new car game. Iíve even had friends take me when shipping. Itís a Hoot! --66.169.xxx.xxx




OT: Buying a new car (by Ray-N-Pa [PA]) Posted on: Jan 4, 2022 9:54 PM
Message:

I would not be buying now as there are not enough trucks to go around so you would be paying a premium.

Instead I would lease one for two years and buy time. I would also want to lock in a purchase price now for the truck so you can buy it after the lease is up. With that option, you are able to play both sides of the game.

As for me, if the money is free or less than what I am paying on a note, I would take out the loan and throw the money at the bank by paying down the mortgage. --24.101.xxx.xxx




OT: Buying a new car (by Robert,OntarioCanada [ON]) Posted on: Jan 4, 2022 10:06 PM
Message:

If concerned that oil changes were not done then remove oil fill cap then check engine for sludge. When buying a used vehicle install oil flush then run engine for about 5 minutes then completely drain oil where the engine flush will break down sludge. Modern engines have over cam where oil has to be pumped right away along with variable valve timing which depends on clean oil as oil is used for cam phase where valve timing changes. Government auctions have a lot cheap vehicles where it not particular about make, colour or options then a substantial amount of money can be saved. Best to take vehicle to mechanic for oil flush, change and inspection to fix any minor problems. Sometimes a missing exhaust pipe mount can easily be replaced. If it does not have to the latest then government auctions is a good source. Synthetic oil pumps up faster in colder weather along with the grades are thinner. --99.236.xxx.xxx




OT: Buying a new car (by BRAD 20,000 [IN]) Posted on: Jan 5, 2022 2:46 AM
Message:

Roy,

I ONLY pay cash. It's like I taught my kids who wanted expensive sneakers- If you don't have the money you cannot afford it.

I learned Rule #1 when buying a car...NEVER tell them you will be paying cash. The price goes up because they won't make money on the financing.

BRAD --174.202.xxx.xxx




OT: Buying a new car (by Roy [AL]) Posted on: Jan 5, 2022 7:28 AM
Message:

Thanks Brad20K for that Dave Ramsey advice there. However, Zero percent financing stills holds my attention in regards to buying new vehicles though. There are some strings attached with 0% financing but there are strings attached to any big ticket purchase. --71.207.xxx.x




OT: Buying a new car (by myob [GA]) Posted on: Jan 5, 2022 8:16 AM
Message:

Without going into my whole life here's my auto history.

1964 I stole my first car. A 1962 T bird. Pushed it out of the driveway and a little down the street at 2AM with my sisters girlfriend-- who was sleeping over! We drove around for an hour and brought it back.

Fast forward to 1966 I got my first real car a 1950 Merc with flat head 8. Yanked off the grill and bumper - put those chrome shackles on the rear springs to jack it and drove it for 2 years. It had more beer and coke cans wrapped around the muffler along with asbestos wrap and clamps then you could imagine. Who had money for new pipes?

When I left for boot camp I parked it in the front yard and 3 months later when I got out it was gone-- mom sold it for 50.00.

I made my living on snap on tools so every car I brought was a Junker or rat rod. Until 2001-- when I brought my first NEW car. (I was 50) A Plymouth Prowler (which I still have). I brought a investment property- put 500 into it and sold it in 6 weeks for a 40K profit. I used that money for my Prowler.

I've not brought a used car since then except the chevy van express for working. --99.103.xxx.xxx




OT: Buying a new car (by Roy [AL]) Posted on: Jan 5, 2022 8:45 AM
Message:

Myob,

Just how old are you? In 1964, I was in the 1st grade when you were out stealing cars,...LOL. --71.207.xxx.x




OT: Buying a new car (by myob [GA]) Posted on: Jan 5, 2022 9:11 AM
Message:

71 --99.103.xxx.xxx




OT: Buying a new car (by myob [GA]) Posted on: Jan 5, 2022 9:22 AM
Message:

Roy at 14.5 I was hitchhiking into NYC to the village. (70 miles) My mom thought I was at my aunts house-- staying there-- but was out going to the coffee houses. My girlfriend lived in New Hyde Park and she would take the train into NY. I gotta say Roy those were the very best times of my life. Til I was 15 when she called my aunt and found out I wasn't there. THE END!

We would hitch hike everywhere. NO car. My mom didn't even drive back in 64 til 68 when she got a license. My HS was 20 miles from where I lived and there was only one bus --going and coming back. If you stayed for any school activities you had to hike back-- so Basketball games that ended at 10AM-- I had to hike back. Lucky we had a transistor radio to listen too. --99.103.xxx.xxx




OT: Buying a new car (by WMH [NC]) Posted on: Jan 5, 2022 9:51 AM
Message:

All our married lives we drove "other people's cars." First we were very lucky to have company-supplied cars for years! And we always bought my FIL's cars when he wanted to trade up: he liked to drive new Volvo's, so we would buy his old ones (a few year old only) for whatever trade-in price he was offered. One of them went more than 250k miles before it started smoking and died, but we had his next one by then.

When my FIL died he was driving a new Prius and we ended up with that, and still had one of his old Volvos. Drove both for 10 more years. In 2019 we both bought new vehicles for zero down, zero interest, and his (a work van) earned a 179 deduction.

Mine is probably the last vehicle I will buy! Don't regret it a bit. --50.82.xxx.xxx




OT: Buying a new car (by Allym [NJ]) Posted on: Jan 5, 2022 10:10 AM
Message:

Nicole, you "bent over". I don't. --108.24.xx.xx




OT: Buying a new car (by Roy [AL]) Posted on: Jan 5, 2022 11:02 AM
Message:

Myob,

The best years of my life was when I lived in Santa Barbara, CA from 1983-1986. If I posted some of things I did for fun back then, I would probably be booted off this site. When I was in my twenties, I lived my life by the old saying,.'Once for the experience,..2nd time you are a fool'. --71.207.xxx.x




OT: Buying a new car (by Landlord ofthe Flies [TX]) Posted on: Jan 5, 2022 6:26 PM
Message:

Go to CarMax and Carvana and have them give you a price to buy your car. The highest offer is the lowest you should accept for a trade-in price for your car.

The dealership lots are empty right now. Odds are, if picky, you'll probably have to order one. Wife and I went looking for new EV car and none she wanted were in stock. Nothing to sit in, much less buy. --108.69.xxx.xxx




OT: Buying a new car (by Robert,OntarioCanada [ON]) Posted on: Jan 5, 2022 10:52 PM
Message:

Here if a vehicle is certified along with runs in decent shape it is easy to sell used privately where will always get more then in trade in. Some internet sites have listing for used vehicles. It may take some time but if can wait a few months will get a higher price. --99.236.xxx.xxx




OT: Buying a new car (by Robert J [CA]) Posted on: Jan 5, 2022 11:02 PM
Message:

Here in California there is NOT SUCH THING as a Certified Vehicle. A dealer can call it anything they like, but since there is NO SET STANDARD that anyone has to follow, some say:

100 point Certified Inspection

Certified

Passed our rigorous Inspection process, now Certified.

The could mean they gave the vehicle a car wash and vacuuming.

It could mean they looked at the color of the engine oil, trans fluid, break fluid and power steering. Oh and added air to the tires.

You have to get in writing everything they did and standby and back. --47.155.xx.xxx




OT: Buying a new car (by Dee Ann [WI]) Posted on: Jan 6, 2022 12:00 AM
Message:

The few new vehicles we purchased at year end, twice on New Years Eve, off the lot and a year old with under 100 miles as we've found the best deals at that time. My last new car was purchased at a small dealership an hour out of town, $3500 less than in Milwaukee. One year, I had test driven 7 models of cars to find "the one". I have a hard time parting with my cars. The model I kept coming back to didn't have a sunroof; my car at the time ran well, was just rusty. Two years later the Honda I wanted was made with a sunroof so it was time to buy...for $3500 less than in town and less than it was two years prior without a sunroof. Got $500 off to finance it, and paid it off a week later. I sold my rusty Mazda to our next door neighbor so I can see it anytime I want.

Hubby's last new truck was purchased a year ago. We test drove two in town: Toyota Tacoma and Ford Ranger. He really wanted the Tacoma in his mind, but after ftestdriving it to find it hesitated when giving it gas, he changed his mind. Neither of us liked the thought of trying to pass someone or get out of the way of an accident in a truck that hesitated. The Ranger was a smoother ride and $6000 less. Then went online to find a dealer with the color and best price. Submitted a price request to five dealers. The best price was a state away; (a few hours) we got $7500 off list, paid the max they would allow with a credit card at the time for the points ($3000) and a check for the rest. The dealership recommended a fun restaurant down the road and made an adventure of the whole thing. Talk about service, no haggling, best price right out of the gate; the Ford purchase also gave us some free oil changes through local Ford dealerships. --162.255.xx.xx




OT: Buying a new car (by Chris [CT]) Posted on: Jan 6, 2022 12:50 PM
Message:

I'm starting to see Ram and Toyota truck inventory trickle in. A broker I know has Ram Big horn quad cabs around $50k MSRP for lease at $450 a month. Its not great but I have seen far worse.

Tundra and Tacoma inventory is showing up as well. I suspect by March because of there high residual a decent Tundra lease might be available.

You can get OK deals on Volvo SUV's and the new Nissan truck as well.

I only use brokers, dealers waste to much time. Pay the broker and have the car shipped right to your house. I bought my GMC without ever stepping foot into a dealer. --24.45.xxx.xxx





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