Comments on: Decisions Decisions…

By: peri

peri — Fri, 30 Sep 2005 05:31:28 +0000

okay, you only live “once” so yes you should get it……….

is this a five year loan? what interest are they charging?

Maybe consider the scenario of you putting away 400/month and making that money earn for You.

The true cost is also your opportunity cost…….what else could you be doing with that money.

By: Billy

Billy — Wed, 28 Sep 2005 06:11:00 +0000

My father bought a new truck recently Kyle, and personally they suck gas worse than ever. If you decide to go with a roomie vehicle, go with a SUV, not a truck, you save more in gas, and have something newer to drive.

By: Amy

Amy — Tue, 27 Sep 2005 23:50:27 +0000

Can’t really help there. I looked around at the GM products. I’m not impressed any of them, especially the cars.

Personally, I liked Ford products. We’ve had a Ford Escort station wagon (my favorite – that’s what I got when I traded in my Nissan), a Focus (fabulous!), a Ranger (not so great but C liked it.) and now we have an F-250 that C drives (I speak wisely about the gas – I KNOW how much it sucks!). I’m also happy with my Honda C-RV.

I still vote for keeping the Impala and driving it until the wheels falls off.

By: TheBisch

TheBisch — Tue, 27 Sep 2005 12:16:40 +0000

Hmmm… something to think about. The Avalanche *does* drive like a dream, but gas would be an issue with the new job as I won’t be traveling as often. But what’s more economical that’s not a car and that’s made by GM? (I’m *NOT* buying something made by someone else, as I’ve got $2500 in GM Credit Card points, to give that up is just stupid!)

The Impala has been a good car… I’m just sick of driving cars. When I drive a company vehicle, it’s either a van or an Expedition. I like sitting up high, I like the roominess of the vehicles…. I won’t buy another car… unless it’s a Corvette and there’s no way I can afford the insurance on that until I’m 40.

By: Amy

Amy — Tue, 27 Sep 2005 10:00:13 +0000

As the accountant, I go with keeping the car. The husband and I have 2 car payments to the tune of 1K/month (granted that’s because we don’t finance for 48 or 60 months like a lot of people). While we can afford it, it’s ridiculous!! Once these suckers are paid off, we’re driving them until the wheels fall off. Enjoy your paid off car.

If you must have a newer car, don’t get the truck. My mother-in-law used to have an Avalanche – it was fabulous. It drove like a dream. However, it sucked gas like a fat girl with a milkshake. That’s not going to be pretty as gas prices continue to go up. Look at something more economical on gas if you have to get something new.

By: Enerd

Enerd — Tue, 27 Sep 2005 05:12:32 +0000

Dude, just keep the car.

Enjoy early retirement over the thrill of having a new car.

Bank the savings in gas alone to pad your accounts.

Clark Howard has a formula that shows how much you save for every year you keep your car past payoff. It’s ridiculously high.

I did this very thing that you want to do. It turned out to be a 35k mistake!