Moemg
Gone but not forgotten
My next car will be a Hyundai, probably the new body style Sonata (2011), or the Genesis sedan............
I absolutely love the looks of the new Sonata . It will probably be my next car also .
My next car will be a Hyundai, probably the new body style Sonata (2011), or the Genesis sedan............
Like my Subaru (built in Indiana)?
Like my Ford (designed by Mazda, tranny made in Japan)?
I have to admit, I eat a lot more off of McDonald's valu menu than I should.
Of course, I might mention that you aren't considering the opportunity cost of having an extra $11k tied up in a vehicle for 7 years.
If I spend $22k to get a 2008 Honda CRV with 35k miles, and drive it for 7 years (assuming 12k miles per year), I will be left with a 9 year old vehicle with about 120k miles.
How much am I really going to get for that vehicle at that time? It looks like I can buy a 9 year old CRV with those miles for about $8k. Kelley blue book lists its trade in at less than $5k.
Even if we use the $8k, I'm still paying $14k to drive the Honda for 7 years.
It only costs me $11.4k for the Ronda, and I get to invest $11k for 7 years as well. That's assuming that the Rondo is completely worthless in 7 years (probably not really that far off).
Heck, if the stock market does better than average over the next 7 years, the invested savings may entirely pay for the Rondo.
Of course, if the Rondo keels over at 60001 miles, I'll look pretty dumb, but I'll take my chances and see what I get.
120k on a used Honda is low mileage. Would you buy a Kia with 120k? Didn't think so. Honda absolutely
That depends...what's the difference in price? Most cars these days are pretty reliable, but IMO, used Hondas and Toyotas are over-valued due to an over-rated reputation.
My friend has taken his 2007 Honda CRV into the dealer at least 8 times to have things fixed that should not have failed...and yet in spite of that he still tells everyone how awesome Honda is. It only has 140k kms (86k miles) on it. I'm pretty sure if he had a Kia Rondo that had been to the dealer 8 times, he'd be calling it a piece of crap.
I really don't desire to have anyone's 8 year old used car at this point in my life.
Say bye-bye to ER if we ever hit a pedestrian!