Posted by Craig Selvey (209.212.219.124) on May 13, 2001 at 09:08:49:
In Reply to: Priority changes and might have to sell... posted by Fastman on May 13, 2001 at 05:08:58:
I am not sure what kind of finnancial shape you are in, but I don't think a $99 a month car is going to solve it.
First off, if you are BUYING this car for $99 a month, it will either require a huge down payment, or you will be paying $99 a month for about the next 8 1/2 years. If you are LEASING this car, it will also reguire a huge downpaymnet and when the lease expires, you will have to either buy the car or turn it back in. I would be very skeptical of a car for $99 a month. Maybe the first year is $99 a month, then it jumps to $300 a month after that. Maybe it requires a huge paymnet at the end of the loan. Something is up, because new cars (even a Focus) can't be bought for $99 a month.
Second, the Ford Focus insurance will be way higher than the insurance on the two Mavericks combined.
Also, not sure where you live, but what about Sales Tax? Here in Indiana that would be about $750 on top of the price of the car, and must be paid at the dealership when you pick up the car.
Not sure how far you drive your Daily driver Maverick, but $99 would buy a lot of gas a month for a car with cheaper insurance and the Maverick is already paid for.
Just some things to consider. Not trying to rain on your parade.