Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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$1300 CAN. for these four options is a bargain! What is the total price of the car?
The MSRP is $32000 CAN (~ $21800 US)with all options except VSC/TRAC/ABS brake assist/side airbags/interated garage door opener/Electrochromic mirror
Does closing the trunk this way make any difference?
If not, the dealer may have to adjust a latch.
1. You are going to buy a Sienna.
2. You are three years into a 5 year lease and are not in danger of killing the miles on it.
3. You have the ability to make the payments on both the Sienna and the Camry if you had to.
4. If you keep both the Camry and the Sienna, you will use your cash to pay off a $6600 loan which is costing you 7.8% (this is not an auto loan).
5. If you trade the Camry, you will still be paying on the $6600 loan and you will come out of pocket with an additional $1200 to buy a "hooptie".
Do I have it right? If so, I'd keep the Camry and pay off the other loan you have. Yes, you're going to be out of pocket $310 every month on a car you will not own in a couple of years, but you will not be paying to maintain a $1200 car. I have yet to meet a $1200 car that didn't cost $1000 a year worth of repairs.
You already have discovered one of the many reasons I hate 5 year leases. I wont beat you up on that. Just don't do it again.
Let me get this straight. You have a 5 year lease on a Camry that you are paying $310 a month on( $8680/28months=$310)? Five years=60months x $310/month is $18,600 and you will have nothing left after the lease. I hope you didn't also have any upfront payment for this Camry! A lot of money is going out of your hands for 5 years of transportation.
Why do you need an '04 Sienna, just to put yourself into even more debt on another depreciating asset?
I would not buy a beater for $1500, it is likely to be a money pit for repairs.
Pay off your other oustanding loans first. At 7.8% interest, you should get rid of that debt ASAP. If you also have credit card debt, pay that off as well as interest rates on credit card debt is enormous.
Sounds like you need to concentrate on getting your current financial house in order before even thinking about another new vehicle. If you must have a minivan soon, look into a 2-3 year old van to save some of that initial depreciation. An '04 Sienna is going to be one expensive vehicle, not discounted until inventories rise and demand falls for a new model.
Good luck - keep us posted.
Can you clarify?
They are giving you $10,900 for the Camry
You have 28 months remaining or $8,680
Then why do you need $5,500 to pay for the Camry?
I will try to make a comparison just for the financial side, although I agree with the previous posts that if you can pay your credit card first.
Buying a Sienna, it looks like you are really planning to buy a second vehicle and you can afford the monthly?
Or maybe my head is also spinning I did not get the total picture..
2014 Mini Cooper (stick shift of course), 2016 Camry hybrid, 2009 Outback Sport 5-spd (keeping the stick alive)
Thanks,
~alpha
Any changes coming for 2004 Toyota camry?
Thanks.
However, no matter what, be aware that you will be paying top dollar right now for an 04 Sienna as it is a brand new model, likely in short supply, so dealers are not going to negotiate much.
Think the whole thing through thoroughly so you don't make a big mistake and get yourself into a financial bind.
Tony
2014 Mini Cooper (stick shift of course), 2016 Camry hybrid, 2009 Outback Sport 5-spd (keeping the stick alive)
Thanks!
- Under the hood, a beautiful engine with plastic cover which was much better the old 2002/2003 engine
- The engine was so quiet at idle speed but there was strange click, click noise (I would not hear it until I lifted up the hood). When started the engine, it was so smooth and quieter compared to old V6 engine.
- The acceleration was quick but I did not have the reference to compare to the V6 4sp (could not complain about it)
- The handling and ride were OK, was little stiff for SE the suspension on rough road. I will try the LE V6 with normal suspension tomorrow.
The pwr steering fluid level is within range, though.
Do you think a power steering flush and fill might help?
Also I don't hear any noise while making a turn, though.
Any ideas?
~alpha
For models on sale beginning in late January, Toyota made a running change, and the Camry V6 was upgraded to the VVTi unit (producing 210hp and 220lb ft.) and the automatic became the 5sp unit.
~alpha
Well, if this is a V6 it is a major difference. timing belt alone is $200 if this is included, tranny fluid change also. Maybe even a water pump at 120k so if that is included then $450 is good. I paid about $200 in parts for the 120k on my 92 V6 plus a lot of labor for belts, water pump, fuel filter, platinum plugs, installation etc.
You need to provide more specifics on the actual services to be provided. Also suggest an independent mechanic quote.
On another note, anyone seen any tests of the Camry with the new 3.0L VVti engine and 5-speed auto box? Basically looking for 0-60 times.
They are going to use the new 3.3L in the new RX and the new ES, not to mention the next Highlander, so I think it is a safe assumption they will not be putting it in the Camry any time soon. Besides, they would not have gone to the trouble of putting in the VVT-i engine if they were going to go to a new engine in eight months. As far as the 5-spd auto, doesn't Honda have a 5-spd in all Accords? So Camry is still behind in that game, since it only has it in the 6-cyl cars.
2014 Mini Cooper (stick shift of course), 2016 Camry hybrid, 2009 Outback Sport 5-spd (keeping the stick alive)