Re: New CR-Z or Old civic?
 

Apparently he doesn't know that auto leases go on your credit report as well... They take your credit rating into consideration when leasing as well.

Re: New CR-Z or Old civic?
 

LOL!

Colin, I told you to buy a beater. Any POS Honda that needs any kind of parts are pennies on the dollar. Good luck with the CRZ. Don't park across any lines. ;)

Re: New CR-Z or Old civic?
 

A guy at work just bought a CRZ. i dont mind it. It does remind of the crx a little. But its everyone opinions on the car.

Re: New CR-Z or Old civic?
 

So many people fail to see beyond the monthly payment and think about the long-term. It's no wonder why the majority of Americans are in such poor financial shape :)

Re: New CR-Z or Old civic?
 

Fixed that for you. :lol:

Re: New CR-Z or Old civic?
 

I realize it will go on my credit report, but once I return the car on lease it will then go off, Correct?

I checked into insurance and it is 97 a month or just over 600 for 6 months for my miata and the CRZ.

Re: New CR-Z or Old civic?
 

The payment will go off your credit report, but the history of your payments will stay just like a loan would.

I would get your insurance quote in writing for the honda. My original quote was less than it came out to be. Not sure if it related to the model or what, but I also have many cars in my name and haven't had any accidents the past 9.5 years of driving.

Re: New CR-Z or Old civic?
 

Are you under the impression that a loan hurts your credit rating? Unless you plan on being late on your payments constantly, an auto loan will help you BUILD credit if you are responsible and make your payments on time. Simple really...

Re: New CR-Z or Old civic?
 

Correct. As long as you make your payments on time and you haven't over-extended yourself a loan on your credit report will do nothing but help. Think of your credit as eBay's feedback rating system...every time you do any sort of financial transaction that's tied to your SS# your credit score can go up or down. Make payments on time and live within your means and it'll go up, skip payments, take out more loans than you can afford, etc. and it will go down.

Both my wife and I have credit scores in the high 790's which is very rare for someone in their mid/late 20's. We've each had a few car loans and credit cards, then the typical apartment leases, nothing fancy, but we've both been very diligent about living within our means and making payments on-time our entire lives. I got into a little credit card debt my sophomore year of college but I always paid my bill on time and at the very least paid double the minimum payment required.

Re: New CR-Z or Old civic?
 

I just feel like if the civic somehow breaks I am going to be SOL.

I am not putting any money down on this car so if it gets totalled or anything I am still
good in that aspect. I also really don't want to deal with selling a car. I absolutely hate it!
I have an extra thousand dollars to play with each month after all my bills are paid and money that goes into my IRA I have a well established blanket so if I lose my job I can still afford things a year out. I am not some dumb kid who wants a new car. I just need to sell my shell and civic and I will be fine. Just too many cars.

I will look into taking out a loan for the car. I do understand that I am paying more than what the car depreciates. I'm playing 11k for a 22k dollar car and it should be worth about 68% after 3 years from now.

Just want the least possible payment for a brand new car that's all.

-Colin

Re: New CR-Z or Old civic?
 

If the civic breaks, you can rent a car for like 16 dollars a day or less. Do that for a week while you fix whatever breaks. Those things are cake to work on and parts are cheap. If the motor goes, use that 2k you saved putting money down on this new gay car and get another beater civic.

Re: New CR-Z or Old civic?
 

The point everyone is trying to get across to you, is if you lease this car, once the lease is over, you will have forked over all this money, and will have NOTHING to your name. You seem to have blinders on, and are focused just on monthly payments. Think beyond month to month, and think where you will be in 3 years. You will be out 11k, and out a car. You will now need to get a vehicle, you will nothing to sell/trade-in, you will be "back at square one" as you put it earlier. Where as if you chose the car loan path, and bought a used car that had similar payment plan and what-not, after 3 years you'd be out 11k, but you'd still have a car.

Me personally, I hate any form of car payment. So if I was in your shoes, and had a working Civic and a working Miata, I would drive those, and put away that 300/month in savings for a 2 years, and then have $7k, and go out and buy a $7k car cash.

Re: New CR-Z or Old civic?
 

Re: New CR-Z or Old civic?
 

This is exactly what most of us are trying to get across here. It's not about spending month to month but about spending as a whole.

Re: New CR-Z or Old civic?
 

There are also more variables you guys aren't realizing.

Maybe 300 dollars a month is what I think is a reasonable
price for good gas mileage and a car that if breaks I dont have to worry about.
I am not putting any money down and it makes me happy to know that
my car is newer and won't break. Basically my time is more important than 300 dollars a month...

-Colin

Re: New CR-Z or Old civic?
 

You can lead a horse to water, but you can't make it drink.

If you can't remove your living month by month blinders, then nothing we say or have said will ever make sense to you. Good luck in your endeavors.

Re: New CR-Z or Old civic?
 

I dont even know why this thread was posted.

Re: New CR-Z or Old civic?
 

I guessing leasing an econobox hybrid makes him feel special and this was his way of attempted bragging? He obviously already had his mind made up and didn't want to listen to anyone's advice. Pretty much backfired on him though, now everyone just thinks he's a financial fool.

Re: New CR-Z or Old civic?
 

But it's so unique!!!

Re: New CR-Z or Old civic?
 

Theres already one of these in my apartments garage, didnt even notice it till last night because it looks like any other honda. haha

Re: New CR-Z or Old civic?
 

Post #50 actually says I am going to follow the advice...

Which goes to say that everything you guys have been saying about me not drinking the water you lead me to is a crock of shit.

Maybe it's not so much me not listening. It is you guys not listening. I am going to look into it. Although I don't even look at it like a lease, I look at it like renting a car for 300 a month. My time is very valuable to me. I would choose to work less but then I go under 40 hours a week and no longer get health/dental/optical insurance.

I need to finish school faster than most that work 40 hours a week. I actually enjoy not having much time(usually) because I never have te feeling of "could I be doing more?". I have and never will have a problem with that.

What I asked of you guys was to give me your opinion, by looking through my situation. 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...

Flame suit up!!!

-Colin

Re: New CR-Z or Old civic?
 

How is trading a vehicle in any harder than turning in a lease? If anything, it's probably easier b/c with a lease they'll search the car over for any signs of damage and charge you for it. If you're trading a vehicle in they just take it as-is.

Re: New CR-Z or Old civic?
 

You act like you are going to be working on your honda 2 hours a night for the next year? Even if the engine did go out this weekend, you could have it up and running in little to no time and rent a car for that week minimally.

What YOU dont get is that you are wasting money and have very poor excuses as to why you want to rent a car for 300 a month for the next couple years.

You have a project thread going right now that says you want to V8 your miata. Are you sure you want to do that? You seem to have very little time on your hands, and time is Precious!
http://abowlofstupid.com/wp-content/...m-precious.jpg

Re: New CR-Z or Old civic?
 

face palm ....so far all you have succeeded by posting this thread is given me headache.
http://www.zgeek.com/forum/gallery/f...thumbnail1.jpg

Re: New CR-Z or Old civic?
 

I never knew the 4g63 was a V8?

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.



Personally I feel that my time is greater than money. 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.

I don't feel as if I am wasting money. Every time you go to the dry cleaners, are you wasting money? How about fast food? are you wasting money? What about renting an apartment? It is more convenient for me to have this car on a lease.

I doubt I would ever trade in a vehicle. Depending on the offer they give me obviously.

You guys think to inside the box with money. Money doesn't have much value to me. My time is extremely important to allocate correctly. I am not saying my current civic is going to break, but their is a higher possibility of it compared to a newer car.

I think for now I am going to keep the civic. If it breaks I will then re-evalute what I want to do. Used cars are out of the question.

-Colin

Re: New CR-Z or Old civic?
 

This pretty much sums up why you can't see beyond a monthly payment and think about the big picture.

Re: New CR-Z or Old civic?
 

Nope you are right. I cannot...

Re: New CR-Z or Old civic?
 

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:

Re: New CR-Z or Old civic?
 

WTF @ dry cleaners and fast food???

Re: New CR-Z or Old civic?
 

Saving money and being wise about your spending isn't about convenience. Hopefully you figure that out sooner rather than later.

Re: New CR-Z or Old civic?
 

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.

Re: New CR-Z or Old civic?
 

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?

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.

Re: New CR-Z or Old civic?
 

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. :)

Re: New CR-Z or Old civic?
 

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.

Re: New CR-Z or Old civic?
 

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.