Last post on Dec 05, 2013 at 12:05 PM
You are in the Sedans
What is this discussion about?
Chevrolet Malibu, Nissan Maxima, Mazda MAZDA3, Nissan Altima, Honda Accord, Honda Civic, Hyundai Elantra, Lexus IS 250, Acura TSX, Car Comparisons, Sedan
Aug 20, 2013 (10:21 am)
In the long run buying is usually cheaper than leasing. But if you want a different car every 3 years or so, this is something to consider.
Per month for 36
months $2,599 total due at signing.
or finance at 0.9 for 5 years...
APR for 24-60 months
2013 Civic Sedan Special APR
0.9% APR for 24-60 months
For well-qualified buyers and buyers that qualify for the Honda Graduate Program criteria
#3406 of 3637 Re: Purchasing New [acemanhattan]
by Kirstie@Edmunds HOST
Aug 20, 2013 (10:32 am)
As a self-described cheapskate, I find myself agreeing with what others are saying here, particularly since you initially talked about keeping the vehicle for 6-7 years, and that was gonna be a mostly-used-up used vehicle. So, if you can keep a semi-beater for 6-7 years, surely you can plan to keep a brand new vehicle for at least as long, if not longer, eh?
One advantage to owning it from new is you get the full length of the manufacturer warranty (some of the longer warranties don't transfer in full to the 2nd owner), and you will know how it's been maintained (hopefully very well) and cared for. Then, once you're finished paying for the vehicle, you'll have that uber-pristine used vehicle you were thinking of buying right now, only it'll be almost FREE for you to own it.
Aug 20, 2013 (12:24 pm)
What is the typical length of the manufacturer warranty and what might I be surprised to find that it does not cover?
Also, if I want to go the new car route, but with the budget of someone on a modest teacher's salary, and I want to get 100k miles out of it with great gas mileage, what other makes and models might I consider?
I saw the mention by benjaminh of a Mazda3 (thanks benjamin), what else might I consider?
#3408 of 3637 Re: New Car thoughts [acemanhattan]
Aug 20, 2013 (12:33 pm)
If you go new, you can get 100k+ out of any car with proper maintenance.
If you want to keep your out-of-pocket cost as low as possible and fit payments into your teacher's salary, you might check out something like a Kia Rio (I just leased one) or Kia Soul. I've seen great lease deals on these lately, e.g. $159/mo. with nothing out of pocket, 3 years, 12k miles a year. No worries except gas and regular maintenance and insurance. Five-year/60k bumper to bumper warranty, 100k/10 year powertrain warranty.
My 2004 Elantra GT, purchased new when you could get a fully-loaded Elantra for $13k (not any more!), has almost 90k miles, is still under factory warranty, and has had little beyond regular maintenance--no problems at all for the first 8 years. So it's possible to not spend much for a new car and run it 100k miles or more with few problems. I like the Hyundai/Kia warranty for long-term ownership because engine/transmission problems are the most costly to fix, and I don't have to worry about paying for those for 100k miles or 10 years, whichever comes first.
BTW, that Elantra has a KBB private party sale value of about $6k... after 9-1/2 years!
#3409 of 3637 Re: Purchasing New [acemanhattan]
Aug 20, 2013 (1:09 pm)
A CPO 3 yr old car is not a bad way to go either. Agree that a Honda or Toyota is probably not a good value at that age. In fact used car costs across the board are higher in the last few years. My '04 Pontiac Vibe is also listed at around 6k. So if you go that route consider a car that has good reliability history but not so well known, such as the Mazda3, Elantra, Nissan Altima or Sentra, or pretty much any Buick sedan. We bought the Vibe as a 3 year old car and it has been extremely reliable, needing only a battery and tires until this year --leaking struts .
Buying used can be a good idea though. Insurance will be lower on an older car than a new one. If you check it out carefully you can hopefully get a couple of years without major problems. The key is to find a car that has been well-maintained by its previous owner and to ask about those items that might be problematic for a 5 or 6 year old car, such as battery, alternator, starter etc. It sounds like you are doing that kind of background work now.
#3410 of 3637 Re: New Car thoughts [acemanhattan]
Aug 20, 2013 (2:42 pm)
Most new car warranties cover almost everything for 3 years and 36,000 miles. In addition, the engine and transmission are usually covered for 5 years and 60,000 miles.
The Honda Fit, which is a very functional hatchback, is Honda's entry level car. Base price is about $17,000, but discounts are hard to get. You might get $700 off or so, but there's just not that much profit in the car, in part because it's made in Japan.
The Civic is made in the USA in a huge state-of-the-art factory in Indiana. They are pumping them out full tilt and there are tons of them out there. I think it was the best selling car for Honda last month, and just behind the Camry. The Civic had significant improvements for 2013. In other words, don't get a 2012.
Dealers are dealing on the Civic, and you should be able to get $2000 off list without much trouble. Even the base model has a few things not found on other cars in its class, like a back up camera.
The Civic also was the only small car to get a good rating on the IIHS crash test. Check out this video:
Not everyone agrees, but Honda fans like me feel that Hondas are often a little better at some things, like this crash test. In other words, for Honda fans there is a reason why they cost a little more. I think that extra is worth it and is buying you a slightly better car. Of course, fans of other brands feel the same about their cars, but watching that video above you can see that Honda did better than everyone else in that particular test. Same with midsize cars with the Accord. Probably some of the competition will catch up next year, but for now...
Aug 20, 2013 (2:14 pm)
If I understand correctly, is the LX the base model for the Civic?
#3412 of 3637 Re: Civic LX? [acemanhattan]
Aug 20, 2013 (2:51 pm)
Yes, the LX is now the base model of the Civic.
They used to sell a DX, but it was kinda silly, since it didn't even have AC or a stereo iirc.
The LX has everything you need, including bluetooth, etc. Nice car. You should test drive it though, and see if you think it's worth $2000 more than a Mazda3. You might decide it's 1k better but not 2?
#3413 of 3637 Re: Civic LX? [benjaminh]
Aug 20, 2013 (4:11 pm)
I am going to try to test drive a both a Civic and a Mazda3 this weekend.
Aug 20, 2013 (4:18 pm)
I've been quoted a price of $18873.77 on a 2013 Civic LX and have been told it includes Oregon DMV fees. What are your thoughts on this price, and what fees might NOT have been added in there? For the record, I wont be needing any dealership added accessories.
Also, one dealership I talked to said that they include a 100k powertrain warranty. I've been warned by other dealers that this is a trap of some sort. That if I miss any of their scheduled maintenance the deal is null and that, somehow as a result of the terms, I get roped into only doing business with their dealership (so if Jiffy Lube changes the oil, null). Thoughts on this? They say they also include free tires and free rentals.