Comments on: Committing Personal Finance Sin – Why I Bought a NEW Car http://mynextbuck.com/committing-personal-finance-sin-why-i-bought-a-new-car/ Personal Finance for Young Professionals Wed, 16 May 2012 14:10:33 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: jansen http://mynextbuck.com/committing-personal-finance-sin-why-i-bought-a-new-car/comment-page-1/#comment-2359 jansen Sat, 03 Sep 2011 06:05:33 +0000 http://mynextbuck.com/?p=31#comment-2359 Given the current set of economic circumstances that we are facing, would you consider updating your article or do you think its conclusion still remains valid? Given the current set of economic circumstances that we are facing, would you consider updating your article or do you think its conclusion still remains valid?

]]> By: Draytek Routers http://mynextbuck.com/committing-personal-finance-sin-why-i-bought-a-new-car/comment-page-1/#comment-2308 Draytek Routers Fri, 24 Jun 2011 19:35:14 +0000 http://mynextbuck.com/?p=31#comment-2308 Excellent website, really glad I found this. Need to some solid information about draytek routers. Excellent website, really glad I found this. Need to some solid information about draytek routers.

]]> By: New Car http://mynextbuck.com/committing-personal-finance-sin-why-i-bought-a-new-car/comment-page-1/#comment-1552 New Car Thu, 30 Dec 2010 11:56:41 +0000 http://mynextbuck.com/?p=31#comment-1552 its better to buy a used cars instead taking huge loan and buying a new car. its better to buy a used cars instead taking huge loan and buying a new car.

]]> By: Brian http://mynextbuck.com/committing-personal-finance-sin-why-i-bought-a-new-car/comment-page-1/#comment-490 Brian Sat, 12 Dec 2009 13:33:47 +0000 http://mynextbuck.com/?p=31#comment-490 @MLR - the e-mail thing got bogged down. Finally two days before, i called a bunch of dealers and said, i am buying this car, i know you have it in stock.. what your number. I got a number that i liked, and started to shop it. Once dealers heard the number they said, "if you can get it for that, take it" as if they were calling my bluff or something. I agree, MLR, this was a financial mistake that i can live with as well. @MLR – the e-mail thing got bogged down. Finally two days before, i called a bunch of dealers and said, i am buying this car, i know you have it in stock.. what your number. I got a number that i liked, and started to shop it. Once dealers heard the number they said, “if you can get it for that, take it” as if they were calling my bluff or something.

I agree, MLR, this was a financial mistake that i can live with as well.

]]> By: MLR http://mynextbuck.com/committing-personal-finance-sin-why-i-bought-a-new-car/comment-page-1/#comment-478 MLR Fri, 11 Dec 2009 02:18:09 +0000 http://mynextbuck.com/?p=31#comment-478 I recently made a similar choice as you due to the same circumstance (accident). I had a 2004 Hyundai Accent. The quality was GREAT. At 95,000 miles I never had an issue, but I also did all of my regular maintenance. And I'm not speaking in hyperbole, it was a great car. You mentioned Hyundai's from the early 2000's had quality concerns but have since gotten better. I think Hyundai's started gaining respect for quality in the early 2000's and have only gotten better. It's the 90's Hyundai's you need to worry about! I got $4,500 for my Hyundai. I bought a 2010 Ford Focus SEL. Did you try emailing all of your local Hyundai internet managers? I did that with the Ford and they went from a MSRP of $20,790 (heated leather seats, sunroof, premium sound, SYNC [voice recognition for phone and mp3 player along with traffic, news, and weather], Auto tran, etc) down to $19,070. That's $600 below invoice. Edmunds has true market value (average of what people pay) at $19,990. So I got it for $600 below invoice and $900 below what most people pay. Then I got another $3,500 in rebates. Grand total: $15,570. Oh well, I made a "financial mistake" that I can more than live with. I recently made a similar choice as you due to the same circumstance (accident).

I had a 2004 Hyundai Accent. The quality was GREAT. At 95,000 miles I never had an issue, but I also did all of my regular maintenance. And I’m not speaking in hyperbole, it was a great car. You mentioned Hyundai’s from the early 2000′s had quality concerns but have since gotten better. I think Hyundai’s started gaining respect for quality in the early 2000′s and have only gotten better. It’s the 90′s Hyundai’s you need to worry about!

I got $4,500 for my Hyundai. I bought a 2010 Ford Focus SEL.

Did you try emailing all of your local Hyundai internet managers? I did that with the Ford and they went from a MSRP of $20,790 (heated leather seats, sunroof, premium sound, SYNC [voice recognition for phone and mp3 player along with traffic, news, and weather], Auto tran, etc) down to $19,070. That’s $600 below invoice. Edmunds has true market value (average of what people pay) at $19,990. So I got it for $600 below invoice and $900 below what most people pay. Then I got another $3,500 in rebates. Grand total: $15,570.

Oh well, I made a “financial mistake” that I can more than live with.

]]> By: Brian http://mynextbuck.com/committing-personal-finance-sin-why-i-bought-a-new-car/comment-page-1/#comment-305 Brian Thu, 12 Nov 2009 15:15:23 +0000 http://mynextbuck.com/?p=31#comment-305 I appreciate it Angie. Have been absolutely expecting the deductible since i bought it (just one more reason to buy new instead of newer used). I appreciate it Angie. Have been absolutely expecting the deductible since i bought it (just one more reason to buy new instead of newer used).

]]> By: Angie http://mynextbuck.com/committing-personal-finance-sin-why-i-bought-a-new-car/comment-page-1/#comment-304 Angie Thu, 12 Nov 2009 14:47:16 +0000 http://mynextbuck.com/?p=31#comment-304 Just a reminder for tax time. Sales tax on new cars are deductible for 2009. I think they repealed the part of that requires you to itemize. Well something to look into. I was reminded the other day and remembered you had bought a new car. Just a reminder for tax time. Sales tax on new cars are deductible for 2009. I think they repealed the part of that requires you to itemize. Well something to look into. I was reminded the other day and remembered you had bought a new car.

]]> By: Courtenay http://mynextbuck.com/committing-personal-finance-sin-why-i-bought-a-new-car/comment-page-1/#comment-203 Courtenay Fri, 09 Oct 2009 13:54:23 +0000 http://mynextbuck.com/?p=31#comment-203 Congrats on the new car purchase, especially since it's a Hyundai. :) I bought my blue 2004 Hyundai Tiburon brand new off the showroom floor 5 1/2 years ago and it has never given me any problems either mechanically or electronically. With regular maintenance, smart driving and no car payments I'm expecting to be driving my Hyundai for another 5 1/2 years or more. For me, as with others, buying new makes more sense when you can do it because there is no mystery as to what is going with, or has happened to, the car. I know there are some very honest private sellers whose vehicles have been well taken care of but I like knowing that I have an awesome warranty and a car that only I have driven so if there should be an issue I know why it's there. The only vehicle I ever bought used was a 1984 Kawasaki motorcycle and, if/when I ever get another motorcycle I will probably buy that new as well. Good luck with the car and good luck with the rebounding market offsetting some of the interest too! Congrats on the new car purchase, especially since it’s a Hyundai. :) I bought my blue 2004 Hyundai Tiburon brand new off the showroom floor 5 1/2 years ago and it has never given me any problems either mechanically or electronically. With regular maintenance, smart driving and no car payments I’m expecting to be driving my Hyundai for another 5 1/2 years or more.
For me, as with others, buying new makes more sense when you can do it because there is no mystery as to what is going with, or has happened to, the car. I know there are some very honest private sellers whose vehicles have been well taken care of but I like knowing that I have an awesome warranty and a car that only I have driven so if there should be an issue I know why it’s there. The only vehicle I ever bought used was a 1984 Kawasaki motorcycle and, if/when I ever get another motorcycle I will probably buy that new as well.
Good luck with the car and good luck with the rebounding market offsetting some of the interest too!

]]> By: Lee http://mynextbuck.com/committing-personal-finance-sin-why-i-bought-a-new-car/comment-page-1/#comment-191 Lee Tue, 06 Oct 2009 17:36:09 +0000 http://mynextbuck.com/?p=31#comment-191 Hi! I surfed on over from Financial Samurai. Ordinarily I hate doing this (posting links at the first comment), but I think it's something you should read having just bought a nice new car. I did the same thing back in 2003, and there are <a href="http://www.fivepencepiece.com/2009/09/6-mistakes-that-doubled-the-price-of-my-car/" rel="nofollow">a few mistakes</a> I'd love you not to make in the years that follow. Enjoy your motoring! I'll be back :) Lee Hi! I surfed on over from Financial Samurai.

Ordinarily I hate doing this (posting links at the first comment), but I think it’s something you should read having just bought a nice new car. I did the same thing back in 2003, and there are a few mistakes I’d love you not to make in the years that follow.

Enjoy your motoring! I’ll be back :)

Lee

]]> By: Financial Samurai http://mynextbuck.com/committing-personal-finance-sin-why-i-bought-a-new-car/comment-page-1/#comment-140 Financial Samurai Tue, 29 Sep 2009 06:14:41 +0000 http://mynextbuck.com/?p=31#comment-140 Brian, I forgot to mention, I currently drive a 9 year old Land Rover SUV with 110,000 miles on it. It's probably worth no more than $7,500. It's quite a decline from the $80,000 SUV, but honestly, I couldn't be happier. It goes from point A to point B fine, and I never have to stress about someone scratching it or anything. Brian, I forgot to mention, I currently drive a 9 year old Land Rover SUV with 110,000 miles on it. It’s probably worth no more than $7,500. It’s quite a decline from the $80,000 SUV, but honestly, I couldn’t be happier. It goes from point A to point B fine, and I never have to stress about someone scratching it or anything.

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