Car buying questions
Hello, I'm new to this forum. I want to buy a new car. Currently I own a 2009 VW Jetta which I've kept in reasonably good condition but I'm tired of putting money into repairs and also the mileage is not as good as I want.
At first I was just casually shopping around as I am not ready to buy. I was planning on purchasing a car later this year once I get married and will be making more money (I'm in the Air Force, currently E3). I wanted to go with the 2015 VW Jetta TDI which is said to have up to 50MPG with the new improved engine. But, yesterday I stopped into a chevy dealership and test drove the '14 cruze eco. Must say I loved it! 6 speed manual shifted super smooth. The electronics are far better than what I have in my current car. Such a smooth ride. Interior feels high quality.
I want to order a car because none in the lot have what I want. I really did not want to buy so soon but its really tempting because they have a rebate going this month. The rebate plus my military discount is 2k plus the dealer has agreed to sell below MSRP. The car plus almost 2k in customizations comes a little shy of 21k then 2k rebates bring it down to 19k. Of course I want to shop around and see if I can get a lower price.
My problem is that I have no money for a downpayment currently. I have reasonably good credit though. I wanted to wait a few months so I can save up for a downpayment of 2k or so but I'm afraid if I wait I will not get the good deal that they have this month. I think 2k is a good rebate amount.
Sooooo, long story short. Should I bite the bullet and go with the new car now & get the savings, or wait till I have a downpayment and just hope that they have a similar special?
Another factor is I'm not sure how long it'd take to get the car, but I'm thinking 4 months. If the dealer doesn't require a downpayment right away maybe I can save up money during that time. But I'm worried my car will depreciate in value more and I'm already upside down on the loan. At least I think I am.