New CR-Z or Old civic?

[Shane@DBPerformance]

Get some 1or 2 year old used car or buy a new Hyundia or Kia or something. $300 to rent a Honda is rediculous, it isn't a BMW or Mercedes, it's a Honda. There isn't anything special about Hondas besides being overpriced for what you get.

[slowbubblecar]

I will have a 23k dollar loan if I take that out, plus a down payment, plus having to sell the car after 3 years, plus it might break after those years.

Maybe a ring and house are in the future? 3 or so years...

When I get approved for a loan, it won't be near what I want it to be. it will be probably 6-7% instead of the 4-5% I want.

I am in a spot in my life that I don't drive enough to go over the 12k miles a year the lease would ask of. I could always at the end of my term take a loan out, negotiate a price and buy it from them. Not taking out such a big loan and keeping myself from being over extended.

Used cars are out of the question

As far as the terms of the loan go, I would think that you could find a competitive rate considering many financial institutions are looking for loans at this time. I doubt you will get a deal financing at a dealer, but look at some of your local financial institutions and get them to compete against each other. Some have rates around 3% for borrowers with good credit but still have rates 4-5% for people with worse credit.

If you drive only 8k miles a year, and would be interested in the car in the end, you won't get a deal close to where you would be at if you bought it. If you take good care of it, it will also likely be reflected in the price they want from it at the end of the lease.

What is wrong with a used car? Are you one of the people who will never buy a used car because you don't know how it has been treated?

He will when he's into debt beyond belief and nothing in the bank.

Cudvig, is your home furnished by the rent to own store, too? :lol:

What do you mean about being in debt beyond belief??? It is more "convenient" not to have equity in the stuff he has and rent.

[Matt D.]

What do you mean about being in debt beyond belief???
Because he clearly enjoys pissing money away rather than paying off debt he already has, or saving money now to pay cash for stuff in the future. :)

[slowbubblecar]

On my way to the Austin Tx airport this morning, I heard an ad on the radio about rent a tire. Apparently you can rent your wheels and tires instead of buying them. The ad made me think about this thread. :)

On the radio here, I also heard you can get a 2011 carolla for 11k with no money down and pmts of 189 a month. Might be worth looking to over the Honda if you are still interested in a newer car.

[rose0529]

Bump, just wondered what you decided to do?

Also wanted to post that Scheides and I saw a White CR-Z in Minneapolis last night.