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Re: Financing a car/car buying advice
Old 10-27-2005, 12:19 PM   #8
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 1,900
Quote:
Originally Posted by SLC Tortfeasor
I'm surprised the Infinity G35 isn't on your list. It's very comparable to the others you listed. And, of course, it looks hot, which we all know is the most important factor.

I bought my latest car (Nissan 350Z) from a private seller through Autotrader.com after checking out edmunds.com, kbb.com, ebay, and carmax.com. I like checking out carmax.com in particular because the prices they quote are "no-haggle" prices, so it gives you a pretty reliable and "real world" baseline price against which to compare any other cars you may see.

My last piece of advice (for what it's worth, which is probably close to nothing) is that you should pay cash. You might conceivably be able to get a better return on your investment of the $22k than it costs to borrow that money, but then again you might not. Even if you do, how much of a profit will that generate? Why gamble on that, when you can just buy the thing free and clear, save yourself the worries and hassles of a loan, and feel good about not making monthly payments?

Besides, I think the experts say that if you're going to buy a house soon, you should try not to have any other monthly debt payments, because they can seriously reduce the amount of house you can qualify for. Given the real estate market where you are, it's probably really important that you maximize the amount of house you can qualify for.
I would skip the G35. I have one (company paid) and don't get me wrong it's a really nice car. It's super fast, but the counterpoint to that is that I'm spending $50+ for a fill which lasts be about 250 miles. I would not buy it with my own money. It also goes through brakes and tires like mad.

If I were paying for my own car, I would get the TSX no questions. It's a terrific car and a terrific value. It performs nicely, has an efficient 4cyl engine so it doesn't gulp gas like the TL or G35. In addition, because the TSX is just the european model of the accord, you can order parts cheaper than you can for the lexus or TL.
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