(Closed) Car question..need some advice.

posted 5 years ago in The Lounge
Post # 3
Member
3170 posts
Sugar bee
  • Wedding: October 2012

I think you need an upgrade, 101 in May! Dang! Not sure how you feel about leasing but I love it! I’m leasing a 2012 Toyota Corolla right and it’s amazing. At the end of the lease I can buy it or walk away from it. If it’s worth more than what other 2012 Corolla’s are worth at that time then I get that money. I plan on turning around and leasing another car. Such a good deal.

ETA: Also, with leases, you don’t pay for any maintenance on the car. Free oil changes, tire rotation, everything is free. Except gas.

$4000 would be a great down payment!

 

Post # 4
Member
3194 posts
Sugar bee
  • Wedding: October 2013

@figgnewton:  well, i was going to tell you your car is worth about $4000, but you obviously looked that up. haha.

the used car market is down right now, but living in a highly populated area like you do, you may be able to sell it for that much. Honda dealerships may also take a trade-in.

I would say since it’s manual and you’re going to have two small children and may need all your hands, I would sell it or trade it in and get a new(er) car. First, try getting one of the a/c recharging things from the auto supply store. if it doesn’t work, getting the a/c fixed may or may not be expensive depending on your body shop. you also have to consider that a new car is going to come with payments. you won’t find a car much newer than yours for the same amount you’re selling it for, so it’s going to cost you.

for reference, I have a 2004 Chevy Cavalier, stock like yours, automatic, 136,000 miles on it in near-perfect shape and it’s worth $4500. if you can commit to spending some money on top of whatever you get for your car, i’d get a new one – especially if the a/c recharge thing doesn’t work.

 

 

 

Post # 5
Member
9139 posts
Buzzing Beekeeper
  • Wedding: November 2013 - St. Augustine Beach, FL

Buy a new used car.  I never recommend new cars because as soon as you drive them off the lot you lose $5,000+ dollars.  Let someone else take that hit and try to find something that is 2 years old and still under warranty (generally must be under 36,000 miles.)

I highly recommend a Toyota Corolla or Nissan Altima.  I owned both and they were great cars.  I only got rid of them do to circumstances beyond my control: the Toyota was totaled in Hurricane Charley when an oak tree fell on it and the Altima was sold when my ex husband decided he wanted a new vehicle (he bought and sold used cars all the time.)

Repairs when needed were cheap, A/C ran super cold, and depending on the model the windows come already tented (or are pretty cheap to tent.)  I ran up over 100,000 miles on both vehicles and had only minor issues that were easily taken care of.

Post # 7
Member
3194 posts
Sugar bee
  • Wedding: October 2013

@figgnewton:  well in that case, i say first try the hand-pump a/c recharger, and if that doesn’t work, sell that baby!

Post # 9
Member
6830 posts
Busy Beekeeper
  • Wedding: June 2011

@figgnewton:  I would do new in a heartbeat. With used cars you never really know why it was sold in the first place or traded in. Now days with prices with cars you can get a new car for a better value than a used car. My Darling Husband was always the kind he said he would never buy new til he started checking out prices of used cars, he found it silly someone was selling a used car for what they were and in all reality a new car parts are under warranity…

Post # 10
Member
3256 posts
Sugar bee
  • Wedding: August 2013

I bought a 2003 Civic with power everything, standard transmission for $4000 just before Christmas and I was excited to get that price.  Just put a new clutch in it about a month ago.

I think that’s the way to go – it will cost $1000 to $2000 to get repairs done, most likely.  Sink that $1-$2K into a vehicle upgrade to something a couple of years newer, with a coupe more features – or even the same model year in better shape.  I was in an accident and got a $3500 buyout for my 2003 2-dr Cavalier with no features, except  for auto transmission (which I hate).  So I took that, added $500 to it, and got a better car the same age, which is much better, and is a 4-dr so if I am still driving it in a few years when I have kids, it’s suitable.

Sell it while it has value; don’t drive it into the ground.

Post # 12
Member
3170 posts
Sugar bee
  • Wedding: October 2012

@figgnewton:  It all depends on how many months you decide to pay for it and what interest rate they give you. Not much though, not much at all.

Post # 13
Member
1293 posts
Bumble bee
  • Wedding: December 2018

@Birdee106:  +1. I think you should upgrade too. You’re a new mom (I think? Or at least expecting new babies) and so you should make your life as easy as possible. With soon to be 3 kids, you shouldn’t have to be rolling down windows, packing up baby stuff, and sweating your butt off!

Post # 14
Member
3194 posts
Sugar bee
  • Wedding: October 2013

@figgnewton:  depends on how fast you want to pay it off and where you buy it from. if you’re only paying back $1000-$2000 and want to pay it off in 3 years, the payments would be somewhere in the ballpark of $100 a month (that’s a $2000, with interest, paid off in 3 years.)

Post # 15
Member
10366 posts
Sugar Beekeeper
  • Wedding: September 2010

I’d look into a Hyundai Elantra. You should be able to get a base model for about $16-$16.5k. Amazing warranty, really good resale, very reliable. Every member of my family has had Hyundais for multiple cars (10+ years) and they’ve been really great! Also, they have more room than a Honda Civic, but are still compact, technically – easy to park, etc.  We’ve had our Elantra for a year and it’s awesome!

Post # 16
Member
3078 posts
Sugar bee
  • Wedding: October 2012

@figgnewton:  You’ll probably have to get a personal loan for that.  Banks won’t finance that small of an amount for a car.

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