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Ok im gonna do it...do not try to talk me out of it! ( buying new car)

2,486 563 December 11, 2012 at 02:54 PM
After many years of hoopdie cars..I'm going to get a new one...that last 400 dollar radiator did me in on my little car...and with a soon to be 2xxlb 6 foot tall son and a BF its time to get a larger nicer car....I've been driving a 87 crx...so I need more room!

Hondas are my first choice...

I narrowed it to the 2012 EXL 2.4 i owned a 01 with leather and dang it I want that again...moonroof I can do without..but I like the alloy wheels and it does get decent gas mileage

Found one at the dealer with 62xx miles..they wanted 25909..also comes with 100000 honda certified warranty.

Kbb trade in is 21818..,no problems with carfax..and it was sold originally by this dealer and stayed pretty much in this area its been at dealer for about a month...

I have financing at 4.73 with 84 months if over 20000 dollars..I am going to look into refinancing in the future at lower rate. I also get 90 day delay on first payment...

I also average 7000 mi a year..I've been renting cars for out of town trips..family is about 5 hr drive...I see them about 3 to 4 times a year...but I'm thinking more now with newer wheels!


I am ready for pros and cons! I am planning on running this to 200000 miles or more!

Oh and where is the car advice thread? I need to rehearse and get ready to deal with dealer...
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Joined Jun 2008
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> bubble2 10,675 Posts
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tennisplayer888
12-11-2012 at 02:55 PM.
12-11-2012 at 02:55 PM.
2012 with over 60K miles is alot.

Wait never mind, misread, sorry, you mean 6K.
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Joined Jun 2008
And I Love Asian Girls :)
> bubble2 10,675 Posts
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tennisplayer888
12-11-2012 at 03:02 PM.
12-11-2012 at 03:02 PM.
But fwiw, have you considered getting new? For around 21K, you can get the LX version for brand new, possibly an EX if you can find a dealer on clearance since the 2013s just released with a redesign.

I mean a few yrs, back, we picked up a clearance V6 Honda Accord SE for under $22K OTD.
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Joined Jun 2003
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> bubble2 8,453 Posts
lowpro
12-11-2012 at 03:09 PM.
12-11-2012 at 03:09 PM.
don't do it!


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Last edited by lowpro December 11, 2012 at 03:12 PM.
Joined Dec 2003
Benevolent Dictator
> bubble2 32,000 Posts
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The Raddish
12-11-2012 at 03:24 PM.
12-11-2012 at 03:24 PM.
Do NOT finance for more than 60 months. If you have to, then you can't afford the car.
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Joined Jul 2004
Master Of Scamps
> bubble2 17,139 Posts
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Scampsters
12-11-2012 at 03:36 PM.
12-11-2012 at 03:36 PM.
I thought chicks only cared how many cupholders came in a vehcicle.
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Joined Dec 2005
FAR deals addict
> bubble2 4,399 Posts
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Superocean
12-11-2012 at 04:03 PM.
12-11-2012 at 04:03 PM.
Quote from Justawannabe :
After many years of hoopdie cars..I'm going to get a new one...that last 400 dollar radiator did me in on my little car...and with a soon to be 2xxlb 6 foot tall son and a BF its time to get a larger nicer car....I've been driving a 87 crx...so I need more room!

Hondas are my first choice...

I narrowed it to the 2012 EXL 2.4 i owned a 01 with leather and dang it I want that again...moonroof I can do without..but I like the alloy wheels and it does get decent gas mileage

Found one at the dealer with 62xx miles..they wanted 25909..also comes with 100000 honda certified warranty.

Kbb trade in is 21818..,no problems with carfax..and it was sold originally by this dealer and stayed pretty much in this area its been at dealer for about a month...

I have financing at 4.73 with 84 months if over 20000 dollars..I am going to look into refinancing in the future at lower rate. I also get 90 day delay on first payment...

I also average 7000 mi a year..I've been renting cars for out of town trips..family is about 5 hr drive...I see them about 3 to 4 times a year...but I'm thinking more now with newer wheels!

I am ready for pros and cons! I am planning on running this to 200000 miles or more!

Oh and where is the car advice thread? I need to rehearse and get ready to deal with dealer...
As much as I loved Hondas back in the day, today's and recent Hondas are no where close to being the best midsized cars. They are not as quality and detailed as they were before especially with their design and ergonomics. Also look at the kia hyundais as they come new with 100K warranty.

Also, I'm not too fond of buying very new used cars as there's something wrong with it for the buyer to return it. And they mark it up for big profits where as you can negotiate the new car purchase at close to their "invoice" with costco/truecar/amex/ carsdirect pricing. If you want the sweet spot for pricing its at about 2.5 -3 yrs used with under 50K miles. Half of the price of the car is depreciated but more than half of the life is left. YOu can drive a 3 yr old honda/toyota for another 7-10 years without major problem.
84 months of financing means you can't afford the car. The max should be 48 months and maybe 60 if they offer very low interst rates. Speaking of, go to Pentagon Federal CU for the lowest rates on car financing. With a small donation you can join PenFed.

Lastly, if you plan on driving this to 200K, go with a Toyota Camry instead.
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Joined Jun 2008
My name is Walter
> bubble2 6,360 Posts
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marg_fan
12-11-2012 at 04:08 PM.
12-11-2012 at 04:08 PM.
Coupe or sedan? If it is a coupe, be aware you may not be able to look out the rear passenger window from the driver's seat. That was a deal breaker for me in the '06.
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> bubble2 199 Posts
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ddubb
12-11-2012 at 05:26 PM.
12-11-2012 at 05:26 PM.
84 months?? laugh out loud
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Joined Jun 2006
Jambi-rific in Seattle!
> bubble2 31,436 Posts
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Zoe Moon
12-11-2012 at 05:48 PM.
12-11-2012 at 05:48 PM.
Quote from The Raddish :
Do NOT finance for more than 60 months. If you have to, then you can't afford the car.
Iagree
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> bubble2 2,851 Posts
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Beartrkkr
12-11-2012 at 07:04 PM.
12-11-2012 at 07:04 PM.
Honda has 0.9% for 60 months on new. That's about $17 per 1,000 financed. 20,000 financed would be $17x20 or about $340/mo (just an example).

Get the SE and you get the LX with leather seats.
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Joined Aug 2009
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> bubble2 2,851 Posts
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Beartrkkr
12-11-2012 at 07:11 PM.
12-11-2012 at 07:11 PM.
This was me last year with a new 2012 Accord SE last December. I think I got either 1.9 or 0.9% financing.

Did my negotiation among three Honda dealers over email. Gotta give me a good price or I don't show up at your dealership...works great.

From my email...(otd is "Out The Door").
---------------------------------------------

Mr. Beartrkkr,

I have gotten with XXXXX he said we can sell the accord at 21500 plus fees that will put us 22367 otd. I look forward to earning your business!!

XXX XXXXXXXX

Sales Manager
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Joined Oct 2007
Wants a Quiche
> bubble2 2,486 Posts
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Original Poster
Justawannabe
12-11-2012 at 10:19 PM.
12-11-2012 at 10:19 PM.
Quote from tennisplayer888 :
But fwiw, have you considered getting new? For around 21K, you can get the LX version for brand new, possibly an EX if you can find a dealer on clearance since the 2013s just released with a redesign.

I mean a few yrs, back, we picked up a clearance V6 Honda Accord SE for under $22K OTD.
That is what I am hoping...I started looking at used "new" cars...but havent really considered new new cars....ie 2012 or 2013 with no previous owner...I will add them to my search....

Quote from lowpro :
don't do it!



Yeah...my BF is tired of my baling wire duct tape hole in the floor car..but omg so fun to drive!

It is time!
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Last edited by Justawannabe December 11, 2012 at 10:21 PM.
Joined Jun 2008
And I Love Asian Girls :)
> bubble2 10,675 Posts
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tennisplayer888
12-11-2012 at 10:21 PM.
12-11-2012 at 10:21 PM.
Quote from Justawannabe :
That is what I am hoping...I started looking at used "new" cars...but havent really considered new new cars....ie 2012 or 2013 with no previous owner...I will add them to my search....
This is a good time to start asking your local dealers then, if they have one or two last yr. models lefts and you are not picky about features, you can/may find a nice deal.

We are in the process of looking for a Civic right now, or well thinking about it.

Plus with new, new cars, you tend to get better financing rates as well.
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> bubble2 2,486 Posts
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Original Poster
Justawannabe
12-11-2012 at 10:23 PM.
12-11-2012 at 10:23 PM.
Quote from The Raddish :
Do NOT finance for more than 60 months. If you have to, then you can't afford the car.
Well i was trying to keep the cash flow going..and pay extra on the car..kinda like a mortgage..and refinance to lower rate...but yes..84 months is tooo long...
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