Was: Dead Puppy...Now:Cheap Cars

[james accordino]

--- josh Wyte <josh_wyte at yahoo.com> wrote:
> I must've failed to mention that I never buy a brand
> new car.  I usually pick up cars that are 3 years
> old
> with under 40k miles on them.
>
That I understood.

> My top price to pay for a car like the above is
> $25,000.  I usually net at least $12,000 from the
> sale
> of my old car, so I have loan amounts of anywhere
> from
> $8-12,000, which over a 4 year note equates to $250
> or
> less.

O.K., but somewhere along the line, you shelled out
for the equity in the original car.  You don't get
$12k trade-in for free.  Usually when you dump a fully
financed or leased car for a new one, you roll in the
costs into the new one.  Seen this MANY times with
freinds.  "Sure we'll take you're old car!"
>
> Take my current '97 A4 quattro.  I bought it for
> $19,xxx with 35k miles on it and a warranty to 75k.
> (Audi has since increased it to 100k, but
> unfortunately that doesn't count for me)  I had
> $12,000 to put down from my last car and I took out
> a
> $8000 loan for 4 years with payments of $210 a
> month.
>
> So I ended up with a nice, newer car, with a
> substantial amount of warranty for under $220 a
> month.
>  Now it's true that I could've bought one from a
> private party for less, but since I've claimed over
> $2000 in warranty repairs in the 18 months and 30k
> miles I've driven the car I'm very happy with my
> decision to buy from the dealer.
>
> -josh
I'm NOT berating your perspective, but somewhere you
shelled out to get in the equity position on the
trade-in.  Someone, somewhere took the hit.  There's
NO way around that.  Trust me, the dealers assure
that.

Jim Accordino










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