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JHZR2
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Originally Posted By: Pop_Rivit
Originally Posted By: alex3686
My Honda Civic lease is up in a month and I was wondering what the best midsize car is for the money.
The one that you can afford to pay cash for and not get suckered into another lease or payments.
+10000000
Originally Posted By: alex3686
My Honda Civic lease is up in a month and I was wondering what the best midsize car is for the money.
The one that you can afford to pay cash for and not get suckered into another lease or payments.
+10000000
I'd probably zero in on the Accord or 6 in that group. Downside is the new 6 will make you wait a little while longer if I am not mistaken. Other downside is they are both first year models, although I don't believe either brand has been particularly bad when it comes to first year "teething" issues.
Personally I'd also look at a 1-2 year old TSX for that money, but if you want to lease, toss that to the side.
+1 on checking your residual on the Civic. You might have a chance to make some money.
Personally I'd also look at a 1-2 year old TSX for that money, but if you want to lease, toss that to the side.
+1 on checking your residual on the Civic. You might have a chance to make some money.
I would try out the 2013 Honda Accord if not already. It is an excellent car and very competitive offering near top of class MPG like the Nissan Altima.
Sonota they lie and stretch MPG figures. If you own long term Hyundai IMHO is very expensive to fix when/if issues arise. Their may be a bargain upfront however Kia/Hyundai seems more expensive latter.
Sonota they lie and stretch MPG figures. If you own long term Hyundai IMHO is very expensive to fix when/if issues arise. Their may be a bargain upfront however Kia/Hyundai seems more expensive latter.
Originally Posted By: rjundi
Sonota they lie and stretch MPG figures. If you own long term Hyundai IMHO is very expensive to fix when/if issues arise. Their may be a bargain upfront however Kia/Hyundai seems more expensive latter.
your wrong on all counts, but continue living the self proclaimed lies.
Sonota they lie and stretch MPG figures. If you own long term Hyundai IMHO is very expensive to fix when/if issues arise. Their may be a bargain upfront however Kia/Hyundai seems more expensive latter.
your wrong on all counts, but continue living the self proclaimed lies.
The rental Sonata has not been on the freeway in anything less than rush hour traffic (bumper to bumper stop and go might as well be city mpg) and the car is still indicating 25.1 mpg on the display.
My wife asked me to trade cars. She hates it. She hates the steering.
My wife asked me to trade cars. She hates it. She hates the steering.
Originally Posted By: Pop_Rivit
Originally Posted By: alex3686
My Honda Civic lease is up in a month and I was wondering what the best midsize car is for the money.
The one that you can afford to pay cash for and not get suckered into another lease or payments.
Payments at 0% make more sense than paying in cash, unless your house or other things are paid off too. I would have to be an idiot to pay off my car in full when I have 0% payments. I have other things that have to be paid, that actually have interest rates, unlike my car.
Moving along.......
Originally Posted By: alex3686
My Honda Civic lease is up in a month and I was wondering what the best midsize car is for the money.
The one that you can afford to pay cash for and not get suckered into another lease or payments.
Payments at 0% make more sense than paying in cash, unless your house or other things are paid off too. I would have to be an idiot to pay off my car in full when I have 0% payments. I have other things that have to be paid, that actually have interest rates, unlike my car.
Moving along.......
Re the Sonata mpg, I can't comment on the current GDI version, but our 2009 Sonata i4 rarely if ever reaches the advertised MPG. Using the same energy-conscious driving style I have always exceeded advertised MPG on other cars I have had, many at advanced age.
Add to that the partial confession on hyundaimpginfo.com and I'd agree with rjundi. But perhaps they have rated their newer vehicles with GDI engines more honestly.
Add to that the partial confession on hyundaimpginfo.com and I'd agree with rjundi. But perhaps they have rated their newer vehicles with GDI engines more honestly.
Originally Posted By: SLCraig
Payments at 0% make more sense than paying in cash, unless your house or other things are paid off too. I would have to be an idiot to pay off my car in full when I have 0% payments. I have other things that have to be paid, that actually have interest rates, unlike my car.
Yeah, the "pay cash" mantra sounds nice, but there are often much smarter ways to apply liquid cash than sinking it all into a car. Even if you have interest on a car loan, if it's low enough, you can usually make more money in a mutual fund than you lose in interest on a loan.
It may make you feel good inside to be free of automotive debt, but there are ways to make debt work in your favor as well. One just has to be smart about it. No, buying a used Escalade from a "finance-it-here" lot at 18% is not being smart about it. Financing a new car at 0% or 0.9%, and using cash to pay off other loans or investing it, is being smart about it.
There is an opportunity cost to everything. Yes, you can "lose" money by paying cash for a large purchase.
Payments at 0% make more sense than paying in cash, unless your house or other things are paid off too. I would have to be an idiot to pay off my car in full when I have 0% payments. I have other things that have to be paid, that actually have interest rates, unlike my car.
Yeah, the "pay cash" mantra sounds nice, but there are often much smarter ways to apply liquid cash than sinking it all into a car. Even if you have interest on a car loan, if it's low enough, you can usually make more money in a mutual fund than you lose in interest on a loan.
It may make you feel good inside to be free of automotive debt, but there are ways to make debt work in your favor as well. One just has to be smart about it. No, buying a used Escalade from a "finance-it-here" lot at 18% is not being smart about it. Financing a new car at 0% or 0.9%, and using cash to pay off other loans or investing it, is being smart about it.
There is an opportunity cost to everything. Yes, you can "lose" money by paying cash for a large purchase.
Originally Posted By: rjundi
If you own long term Hyundai IMHO is very expensive to fix when/if issues arise. Their may be a bargain upfront however Kia/Hyundai seems more expensive latter.
Really? I think you're being rather silly: https://bobistheoilguy.com/forums/ubbthreads.php?ubb=showflat&Number=2814858
If you own long term Hyundai IMHO is very expensive to fix when/if issues arise. Their may be a bargain upfront however Kia/Hyundai seems more expensive latter.
Really? I think you're being rather silly: https://bobistheoilguy.com/forums/ubbthreads.php?ubb=showflat&Number=2814858
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Originally Posted By: JHZR2
Originally Posted By: Pop_Rivit
Originally Posted By: alex3686
My Honda Civic lease is up in a month and I was wondering what the best midsize car is for the money.
The one that you can afford to pay cash for and not get suckered into another lease or payments.
+10000000
He should go to the 2013 Auto Show, find a car he likes and lease it for a few years.
Originally Posted By: Pop_Rivit
Originally Posted By: alex3686
My Honda Civic lease is up in a month and I was wondering what the best midsize car is for the money.
The one that you can afford to pay cash for and not get suckered into another lease or payments.
+10000000
He should go to the 2013 Auto Show, find a car he likes and lease it for a few years.
Originally Posted By: SLCraig
Payments at 0% make more sense than paying in cash, unless your house or other things are paid off too. I would have to be an idiot to pay off my car in full when I have 0% payments. I have other things that have to be paid, that actually have interest rates, unlike my car.
Moving along.......
I found that usually they have an alternative to 0% for those who can afford to pay in cash, they usually give you something like $1500 off if you pay cash instead of the 0% offer from the cars I've seen.
Payments at 0% make more sense than paying in cash, unless your house or other things are paid off too. I would have to be an idiot to pay off my car in full when I have 0% payments. I have other things that have to be paid, that actually have interest rates, unlike my car.
Moving along.......
I found that usually they have an alternative to 0% for those who can afford to pay in cash, they usually give you something like $1500 off if you pay cash instead of the 0% offer from the cars I've seen.
Originally Posted By: Hokiefyd
It may make you feel good inside to be free of automotive debt, but there are ways to make debt work in your favor as well. One just has to be smart about it. No, buying a used Escalade from a "finance-it-here" lot at 18% is not being smart about it. Financing a new car at 0% or 0.9%, and using cash to pay off other loans or investing it, is being smart about it.
The "tote the note" lot that I installed for did not charge interest. Interest was haram in their religion.
But if you financed it, the sales price was about 20% higher.
But back on topic, the rental Sonata's display is still over 25mpg. Below the rated combined 28mpg but above the 24 city and it really hasn't been on the freeway yet.
It goes back tomorrow. I wish I had tracked the mileage better. Not sure how accurate the display is. (the XG300's is actually a little pessimistic)
It may make you feel good inside to be free of automotive debt, but there are ways to make debt work in your favor as well. One just has to be smart about it. No, buying a used Escalade from a "finance-it-here" lot at 18% is not being smart about it. Financing a new car at 0% or 0.9%, and using cash to pay off other loans or investing it, is being smart about it.
The "tote the note" lot that I installed for did not charge interest. Interest was haram in their religion.
But if you financed it, the sales price was about 20% higher.
But back on topic, the rental Sonata's display is still over 25mpg. Below the rated combined 28mpg but above the 24 city and it really hasn't been on the freeway yet.
It goes back tomorrow. I wish I had tracked the mileage better. Not sure how accurate the display is. (the XG300's is actually a little pessimistic)
2014 Mazda 6 will sport a diesel engine option if you can wait.
Its fairly idiotic to not finance a new car assuming you can get a low interest loan from the credit union. Inflation runs 2%. A credit worthy borrower ought to be able to borrow below 4% from his credit union anyway. Make a decent down payment on a reasonably priced car. A used car on the other hand, should be paid for with cash if at all possible.
So You pay maybe $5,000 down on say a Mazda 3, pay about $275 a month on the loan. At the end of three years, you have 45,000 miles on your car, all repairs covered by warranty. You have $13,000 out of pocket. It will be paid off in two more years, at 75,000 miles, certainly last for another two years after that. The car of course has been maintained to your standard. Your trade-in has an inflated value in this environment, so it should be easy to make a little more of a down payment and get the monthly nut to 200 bucks. Easy.
If you bought a used car for $11,000 cash, it starts out with 40,000 miles and has little or no warranty. At the end of three years, its now six years old and has 100K on it. I don't subscribe to the point of view that a used car is necessarily "someone else's problems" but there is always that risk.
I'm a big believer in buying used--most of the time--I'm just saying you have to adapt to circumstances. Five years ago the percentage play was to buy a five year old off lease luxury car for peanuts. In 1989 you would have to pay well over 10 percent interest to buy a new car. So you paid cash if you could. The percentage move right now is to finance a car that is well within your means.
P.S. Did you know the college aid people don't take into account consumer debt in fixing your kid's tuition? If you have a kid who will be enrolling in college during the term of the loan and you have the option of paying cash or financing, you pay cash. (Colleges take into account cash on hand, of course in setting tuition). But not too fancy a car,or they will penalize you for that.
So You pay maybe $5,000 down on say a Mazda 3, pay about $275 a month on the loan. At the end of three years, you have 45,000 miles on your car, all repairs covered by warranty. You have $13,000 out of pocket. It will be paid off in two more years, at 75,000 miles, certainly last for another two years after that. The car of course has been maintained to your standard. Your trade-in has an inflated value in this environment, so it should be easy to make a little more of a down payment and get the monthly nut to 200 bucks. Easy.
If you bought a used car for $11,000 cash, it starts out with 40,000 miles and has little or no warranty. At the end of three years, its now six years old and has 100K on it. I don't subscribe to the point of view that a used car is necessarily "someone else's problems" but there is always that risk.
I'm a big believer in buying used--most of the time--I'm just saying you have to adapt to circumstances. Five years ago the percentage play was to buy a five year old off lease luxury car for peanuts. In 1989 you would have to pay well over 10 percent interest to buy a new car. So you paid cash if you could. The percentage move right now is to finance a car that is well within your means.
P.S. Did you know the college aid people don't take into account consumer debt in fixing your kid's tuition? If you have a kid who will be enrolling in college during the term of the loan and you have the option of paying cash or financing, you pay cash. (Colleges take into account cash on hand, of course in setting tuition). But not too fancy a car,or they will penalize you for that.
Jim is right...if you buy used buy for less than $10k, a lot less than $10k, because you can get new for lower interest payments on a loan...
I got KitaCam for $7k OTD with a $5k/3%/48mos. credit union loan and that's only $11 a month over principal....for me THAT'S cost effective...esp. since KitaCam saves more than that in gas over my old 99 Altima.
I got KitaCam for $7k OTD with a $5k/3%/48mos. credit union loan and that's only $11 a month over principal....for me THAT'S cost effective...esp. since KitaCam saves more than that in gas over my old 99 Altima.
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Originally Posted By: KitaCam
Jim is right...if you buy used buy for less than $10k, a lot less than $10k, because you can get new for lower interest payments on a loan...
I got KitaCam for $7k OTD with a $5k/3%/48mos. credit union loan and that's only $11 a month over principal....for me THAT'S cost effective...esp. since KitaCam saves more than that in gas over my old 99 Altima.
Sorry to sound dumb, but what is a KitaCam?!
Jim is right...if you buy used buy for less than $10k, a lot less than $10k, because you can get new for lower interest payments on a loan...
I got KitaCam for $7k OTD with a $5k/3%/48mos. credit union loan and that's only $11 a month over principal....for me THAT'S cost effective...esp. since KitaCam saves more than that in gas over my old 99 Altima.
Sorry to sound dumb, but what is a KitaCam?!
Originally Posted By: [email protected]
Originally Posted By: KitaCam
Jim is right...if you buy used buy for less than $10k, a lot less than $10k, because you can get new for lower interest payments on a loan...
I got KitaCam for $7k OTD with a $5k/3%/48mos. credit union loan and that's only $11 a month over principal....for me THAT'S cost effective...esp. since KitaCam saves more than that in gas over my old 99 Altima.
Sorry to sound dumb, but what is a KitaCam?!
That's the posters 5 speed Camry (2003 I believe.)
Originally Posted By: KitaCam
Jim is right...if you buy used buy for less than $10k, a lot less than $10k, because you can get new for lower interest payments on a loan...
I got KitaCam for $7k OTD with a $5k/3%/48mos. credit union loan and that's only $11 a month over principal....for me THAT'S cost effective...esp. since KitaCam saves more than that in gas over my old 99 Altima.
Sorry to sound dumb, but what is a KitaCam?!
That's the posters 5 speed Camry (2003 I believe.)
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