Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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Chronic Car Buyers Anonymous (Archived)
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2024 Ram 1500 Longhorn, 2019 Jeep Wrangler Rubicon, 2019 Ford Mustang GT Premium, 2016 Kia Optima SX, 2000 Pontiac Trans Am WS6
Leasing is expensive for me due to the miles I drive every year. Leasing also gets expensive if you aren't leasing in the $200 - $300 per month range. It is so easy to get caught up in "the monthly payment" as opposed to the total cost of the lease. So yes it wasn't that much more expensive for me to lease my 328xi per month than my finance note on the TSX was. It did however cost me $16,160 to lease the car for 30 months plus about $1000 more in up front fees (acquisition fee & new plates).
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
I was at the dealership Tuesday getting my inspection sticker and was told a couple of the techs are interested in it. They of course have the time, skills, and parts discount to fix everything. It would have cost me about $1500 to do so and might have gotten an extra $500 selling it myself. IMHO, it wasn't worth it.
When that lease is up in 2019, I'd like to think I can find a 2015 or 2016 off lease luxury brand and keep it for years.
Or, like my buddy in CA just did, find a nice luxury car that is 8-10 years old with extremely low miles at an attractive price (< $15-20K) and keep that.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
A dealer on Long Island (about an hour or so from me) has a 2015 Regsl GS AWD with sunroof & driver assistance package with a little over 1,000 miles on it. They are asking $32K & change for it (used, not CPO). It is $10K off sticker, but I'm not sure if it's "cheap enough." I'm sure it was sitting on their lot for quite some time and they punched it as sold and pocketed the $6K cash incentive.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
It will probably have AWD, but I don't need nav.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
Think as I get older, I want more lux in my vehicle and do not mind spending a bit more and looking at used CPO units.
The Sandman
2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
http://www.arnoldchevroletbuick.com/VehicleDetails/used-2015-Buick-Regal-GS-West_Babylon-NY/2639004143
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
He likes it very much though I think he wishes it was an automatic sometimes. He had an ongoing issue with a front end suspension clunk that intermittently came and went. They just recently figured it out and fixed it though I do not recall what the fix actually involved. It is quick but not Mustang GT quick, but handles very nicely and drives well.
As a former 2011 Regal Turbo owner I can tell you that they drive nicely, especially on the highway, and are pretty comfortable. I found the front seat cushions a bit short and the seats a bit on the firm side. Rear seat room is a bit tight but nowhere near as tight as my current ATS. The ATS is much more satisfying to drive quickly than the Turbo was, but I can't compare it to the GS. I suspect the GS is not as light on its feet as the ATS as it is a much heavier car.
2017 Cadillac ATS Performance Premium 3.6
I know it's late and I can't sleep so maybe this is all just a dream. Yep, this all must be a dream, a bad one I suspect...a very bad one!!
The Tired Sandman
2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
http://forums.edmunds.com/discussion/37992/general/x/car-for-son-moving-to-tacoma-wa#latest
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
In this case, from everything you have said, probably is best to stay put. Plus,my heyward coming out with a new version of that, right?
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
2024 Jeep Grand Cherokee L Limited Velvet Red over Wicker Beige
2024 Audi Q5 Premium Plus Daytona Gray over Beige
2017 BMW X1 Jet Black over Mocha
'24 Chevy Blazer EV 2LT
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Having said that, if and when you do want to get into something else, I'd say the X1 is an ideal candidate. They've been around long enough that nice used deals should be out there. You'd get much of the fun of a 1-series, but in a slightly roomier package and, most importantly for you, something that sits a bit higher up.
2024 Audi Q8 e-tron - 2017 911 C4S - 2025 BRZ - 2023 A6 Allroad - 2024 Genesis GV60 - 2019 Cayman
2024 Jeep Grand Cherokee L Limited Velvet Red over Wicker Beige
2024 Audi Q5 Premium Plus Daytona Gray over Beige
2017 BMW X1 Jet Black over Mocha
Stumbled upon this creampuff. Yeah, its the 2.4, I know. Not my first choice, but it is optioned correctly and a real nice color combo, not to mention the low miles. VERY pricey! I couldn't see paying more than $7k. Maybe $7500. But at that price, it has to be a keeper.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Probably a dog, since has the same nine ad my S40, but for spare car duty, more than adequate. Turbo of course would be a plus!
I was a day late a few years back getting that same car, but with a stick. Darn.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2017 Cadillac ATS Performance Premium 3.6
25 NX 450h+ / 24 Sienna Plat AWD / 23 Civic Type-R / 21 Boxster GTS 4.0 / 03 Montero Ltd
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
Here's the whole list:
1972 BMW 2002tii
1983 BMW 633 CSi
1989 BMW 635 CSi
1995 BMW M3 Coupe
1995 BMW 318ti Club Sport
1995 BMW 525i Sedan
1996 BMW M3 Coupe
1997 BMW M3 Sedan
1998 BMW M3 Sedan
1998 BMW M3 Sedan
1999 BMW M3 Coupe
1999 BMW Z3 M Coupe
2001 BMW 540i Touring
2003 BMW M3 Coupe
2003 BMW M3 Coupe
2003 BMW M5 Wagon
2005 BMW 530i Sedan
2006 BMW M3 Coupe ZCP
2007 BMW 335i Sedan
2008 BMW 135i Coupe
2008 BMW M3 Coupe
2013 BMW X1 xDrive35i
2015 BMW M235i Coupe
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
The trick is just to drive them and fix 'em when they break.
/heresy
Think a lot of that previous post was due to being overly tired and looking at too many used car ads on the computer.
The Sandman
2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
2014 Malibu 2LT, 2015 Cruze 2LT,
purchasepossible purchase update. Here it is in all it's splendor. Mrs. iluvmysephia1 caught wind of my affair on FB (because I joined an iA owner's club on FB) and basically hit the roof of this old apartment.I'd say my chances of scoring a new iA are about 1 in 75 right now. IOW's - if I baton down the hatches, feed the 2 cats and 2 dogs, put puppy pads down, leave about a gallon of water and head west ta Denver in the '11 Kia Soul, make the 380 mile cruise, test drive a 2016 iA in a week from now (while Mrs. iluv is visiting family in CHI), fall further in love with the actual iA, get an understanding finance dept., give a little to get what I figure is a lot for $15,470, put a few K down if I can't make a deal with our current financial situation for '0' down (not all that bad actually) and go 60 months or 72 months on an agreed-upon interest rate, see that there's Scion Pure Pricing, meaning no dealer bogus markup, agree on my own that I can't beat the Mountain States Scion of the Denver area deal, sign on the dotted line, and have a tall Diet Dr.Pepper and make some good old boy jokes with my salesman, I could probably score my Frost White '16 Scion iA.
I might want ta stop at a Denver bar on the way home and look for Walt Longmire and/maybe even Vic
That drive out east onto the Great Plains would be an absolute blast, guys. The car has 3 different music programs and who knows if I would be able to figure out how to actually get music coming outta the iA stock speaker getup.
2016 Scion iA
When Mrs.iluvmysephia1 arrives back in town from CHI, there's several outcome possibilities, not one of them would be much fun for iluvmysephia1. I haven't been able to think of anything clever to spring on her - nor do I think it would matter much. I love her so very much and I've never found a good way ta introduce a new automobile friend to the Mrs.
I rode around SW Kansas today with my Director from the hospital advertising my Dept.'s wares to area doctor's offices - my job is sound - she feels I should pull the trigger - I dug that a lot.
So there ya go - I love the dashing new small car made by Mazda for Scion - totally smitten with this little (Frost white in my case) go-kart - handling and true steering evidently are 2016 Scion iA strong points - guys, this car would be so fun to row my own 6-speeds with - I know I'll need ta wear protection when I go pick her up a little over a week from now at the Dodge City Amtrak Station - I know I should hold with the Clear White 2011 Kia Soul base 5-speed that we're about 15 payments in to on a 60-month long note - but, and, it's a big 'ol butt, I don't want to pass this little Denver Bomber up, car nuts.
Oh, a motorcycle helmet will be needed by me for protection. A strong mind, will and testament. RIP Dad - you taught me ta drive stick at 15 years, 9 months of age - then, because you also loved cars so much, made available your 1966 VW Fastback 4-speed runabout for me - I wrecked it in the snow and you...had it towed to the body shop and fixed. You never yelled at me - apparently in Europe you wrecked a new Hillman you had gone in on with some service mates in post-war WWII Europe - man, I love you so much for your love of the stick and the road and the motormachine - I don't know what you would tell me ta do - but, I've got about a week ta muse over this one.
If MSS turns down my offer (or, alternatively, I turn down their offer) this whole thing is mincemeat pie. Thoughts - suggestions - rebuttals? Save for a new car, she says. Pay it out once and pay it off at once - right away - at the beginning. The Dave Ramsey way. No loans. No interest, no payments. Humm...charming idea, really. I give it a one in 25 chance right now. What's kind of interesting is that every time I post a picture of this little buzz-bomb on here my interest level rises about 50%!
2021 Kia Soul LX 6-speed stick
My wife would freak out. She wouldn't mind the purchase one bit but the fact that I actually did something would give her heart spasms.
(you can hide out in our spare bedroom for a few months...
but you gotta loan me the keys occasionally)
one thing about having a car with long payments left. It sorta doesn't even "cost" anything. trade cars, keep making the same payments.
so for 45 months, nothing changes. If the new loan is 72, you have 27 new payments at the end.
now, this is where the math gets good. Effectively you are trading in the Soul when it is 8-9 years old (a 2011 4 years from now) and getting a 4 YO ia, for 27 payments. And by that time you would certainly be ready to move on from the soul, right? If the payments are $220/mo, that is $5,900.
so, in effect, you are just buying a car 4 years from now, but getting to drive it immediately!
note, more than 1 beer went into this analysis, so YMMV.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
I wish she would trust me on these things - this one could really work out just fine for the two of us. It's not like I'm trying for a Ford Fusion 4-door, even. This is a little Mazda 4-door sedan!
Oh, well. The '11 Kia Soul is a good, competent machine. It is also fun to drive in its 5-speed stick form. I've waited purposely to get new rubber for it, it needs an oil change, and...grumble...it's time for its 60,000 mile timing belt swapout. I'll tread carefully, but if I drive out West I'll pounce with vigor, buy myself a motorcycle helmet and protective jacket...and baton down my own hatches for the first few weeks of
MazdaScion iA ownership.2021 Kia Soul LX 6-speed stick
And you could work on Boeing employees, lol.
And you could work on Boeing employees, lol.
Yeah, interesting idea. It is where I was born, Seattle, and I was raised 15 miles north in Edmonds. I have enough experience in Allied Healthcare now, and, I have a sister living in a condo in Edmonds with her Detroit-born husband, and that particular sister adores me. Of the 4 siblings, she and I get along the best. She keeps shipping homemade cookies over to us.
You're right, the 2016 Scion iA would be ideal for iluv in Seattle, even with all of its horrendous traffic. I could buzz over to Mt.Pilchuck and do the Lake 22 climb with the Mrs. and our Akita Chow and our Pomeranian. That is just one of the things I truly miss about living in the Puget Sound region..the wonderful hikes available in the mountains and places like Fidalgo Island and Anacortes' Washington Park. Absolutely gorgeous there - if you pick a sunny time ta go, that is.
2021 Kia Soul LX 6-speed stick
http://www.royaleasing.com/detail-2006-bmw-3_series-325i-used-14333749.html
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
remind me though. what is the purpose of this one? Replacing the Fit as your spare car, or for the wife instead of the S70.
if does get hard to keep up with your fleet!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
It... uhhh... let's say its largely for the wife. At least that's what I told her. I'll then spend a month of weekends reconditioning the S70, and then we'll probably share them both.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
one thing about having a car with long payments left. It sorta doesn't even "cost" anything. trade cars, keep making the same payments.
so for 45 months, nothing changes. If the new loan is 72, you have 27 new payments at the end.
now, this is where the math gets good. Effectively you are trading in the Soul when it is 8-9 years old (a 2011 4 years from now) and getting a 4 YO ia, for 27 payments. And by that time you would certainly be ready to move on from the soul, right? If the payments are $220/mo, that is $5,900.
so, in effect, you are just buying a car 4 years from now, but getting to drive it immediately!
note, more than 1 beer went into this analysis, so YMMV.
stick, I am upside down a few grand on my '11 Soul loan...but, if Mountain States Scion wants to treat me fairly on this deal and do just that - IOW's, they give fair trade-in, we can come to an agreement. I think that is why I am so excited ta still do this. Because of the unknown variable - the MSS finance department. Now, if they'll go '0' down I'll buy a round for the whole dealership! And that is how this thing will go - this ain't my first rodeo.
If I love the car on the test drive and feel like it will work out great for us for years - I am gonna negotiate hard on it for us. If they won't deal - give enough to the deal ta move their own metal - I haven't noticed they've sold even one iA in the couple of weeks I've been perusing their website - that if they want ta move metal I'll see if I can make a deal. I'll know within about 10-15 minutes of Pure Price dealing. What's nice about MSS is they don't mark up their sticker beyond the Scion Price. This dealership even knocks $1,000 off the Scion Pure Price. Oh, and there's some sped-up paperwork package from this dealer. So when you get there the process only takes a little while. Wow, this might even preclude even needing to drive out west, so wow, who knows?
Metal movers, man.
2021 Kia Soul LX 6-speed stick
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.