Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Smart Shopper Current Best New Car Deals
192 messages, Last post on Aug 30, 2008 at 10:03 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
|
Replying to: jeffyscott (Jun 21, 2006 6:38 am) Problem with the scenario you've outlined is that it fails to account for taxes, tags, and fees. That alone will eat up the down payment. But I do like your thinking. Again, however, I'd go with a base Yaris rather than a base Focus. Problem is, I get the feeling mom ain't settling for a "base" anything.
|
|
|
|
|
Replying to: qbrozen (Jun 21, 2006 7:31 am) Personally, I think it is not a good idea to get an 8 year loan...otoh, I don't know that leasing makes sense unless one is planning to always have a newer car. Which, I am guessing is not the plan here. Or is there less penalty for the low credit rating, when you lease? Sounds like Mom never learned to live within her means  . Problem is, I get the feeling mom ain't settling for a "base" anything. Maybe a loaded Aveo, or Kia Rio would work, then  .
|
|
|
Replying to: jeffyscott (Jun 21, 2006 8:03 am) I can see my way clear to a 6-year loan .... IF its a car that has strong resale (toyota or honda would be fine, but NOT anything korean or "american"), is reliable, and IF the buyer plans on driving it for a LONG time. Although I would have a tough time swallowing 6 years of payments on something like a Corolla, personally.
|
|
|
|
|
Replying to: qbrozen (Jun 21, 2006 8:16 am) With regard to the original question... There is a "shop by payment" feature here on edmunds. According to that the Yaris, that was mentioned, can be leased for under $200 per month. I think it also showed up on the purchase for under $200 per month thingy. Of course those are for the base model, I assume. Since the Jetta was mentioned...VW is coming out with the new Rabbit to replace the Golf. This is the same as the Jetta, except the rear end. Supposed to be starting at $15K for the 2-door. I would assume there might be some deals to be had on the remaining outgoing Golfs as well. |
|
|
Replying to: qbrozen (Jun 21, 2006 8:16 am) I agree an 8-year loan isn't great, but it beats the much-more-common 5-year loan on cars that are 3, 4, or 5 years old. Nobody seems to scoff at those nearly as much. And in case of a Corolla, if a deal can be had, it's probably cheaper in the long run to buy the new car and stretch the payments as necessary. -Mathias
|
|
| I appreciate all you responses. I know deals will get better after labor day, maybe we could just wait. I just dont want my mom in anything too small. 3 yrs ago I had and accident on the 405, and thank god I was in and SUV. If I had been in a small car, I could very well be crippled right now.. I will take a look at the yaris, dont know anything about it right now.. Waiting until later in the year may be the best thing.. It's my mom, she help me get my first car, and I just want to get her into something decent.. If you guys come across anything good, keep me posted.. I will get back this thread when we make a move, to update.. | |
|
Replying to: steine13 (Jun 21, 2006 9:40 am)
|
|
|
Replying to: qbrozen (Jun 21, 2006 10:08 am) $200/month for 5 years is $10k, as someone pointed out. In order for a Corolla to cost $10k (+1,200 "down" for tax etc.), it has to be an '04 with 40-45k miles. And that's if you know how to negotiate, and it's an automatic CE. That car is three years old, and you've now got a $200/month loan until the car is eight years old. At that point, I'd check to see if I can't get a longer term and buy the car new, so I can take care of it from day one. Of course, this is from a guy who drives a ten-year-old beater... -Mathias
|
|
|
Replying to: steine13 (Jun 21, 2006 2:34 pm)
|
|
|
|
|
Replying to: ddunbar (Jun 22, 2006 4:39 am) |
|
You are here:
Forums
Smart Shopper Current Best New Car Deals
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
