New advice on buying a new car

[Halon]

Originally Posted by s1ngletracker

my vote is get something you don't have to get a loan on. The premise of doing it 'to build credit' is weak IMO

+1 I've had 1 car payment in my life (when I was 19) and didn't like that. Won't ever do it again if I don't have to. But different strokes for different folks.

[HiImBrian]

Originally Posted by s1ngletracker

my vote is get something you don't have to get a loan on. The premise of doing it 'to build credit' is weak IMO

Originally Posted by Halon

+1 I've had 1 car payment in my life (when I was 19) and didn't like that. Won't ever do it again if I don't have to. But different strokes for different folks.

I don't plan to get a loan for a car I can't afford. I plan to get a loan on something I can pay off easily. It's unfortunate (but understandable) that you start off with zero credit and have to work your way up. I've gone 24 years without needing a credit card and I still don't need one. But if I plan to buy a house in the future I need to start thinking about credit.

I'm obviously not buying a new car solely to build credit...I'm just killing two birds with one stone.

[Murlo26]

Originally Posted by Halon

+1 I've had 1 car payment in my life (when I was 19) and didn't like that. Won't ever do it again if I don't have to. But different strokes for different folks.

I got one for my evo for about half of it and I must say it wasn't bad at all until I bought a house, then I really hated life and the fact that I had a mortgage and evo payment.

If you can get away without one that is ideal. If I could go back I would've saved more and paid more up front for lower payments but I don't think a car loan is the end of the world. I am finishing off the evo loan in a few weeks and not getting another car loan anytime soon, that will feel great.

[HiImBrian]

Originally Posted by C3L1CA

Does it have to have 4 doors and be awd?


Ever think about the Jaguar x-types? Just throwing out other 4 door awd cars.

I don't think I'm much of a Jag guy haha thanks though.

Originally Posted by Murlo26

I got one for my evo for about half of it and I must say it wasn't bad at all until I bought a house, then I really hated life and the fact that I had a mortgage and evo payment.

If you can get away without one that is ideal. If I could go back I would've saved more and paid more up front for lower payments but I don't think a car loan is the end of the world. I am finishing off the evo loan in a few weeks and not getting another car loan anytime soon, that will feel great.

Oh I'll definitely have a car paid off before I buy a house. I just started a 14 month lease and I don't plan to have a car payment by the time I move outa here

[cmspaz]

Originally Posted by HiImBrian

I don't think I'm much of a Jag guy haha thanks though.

But it's really just a Ford Mondeo.