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View Poll Results: I think he should:

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  • Go ahead get the car

    13 61.90%
  • Do not get the car save the money

    5 23.81%
  • You should instead get this car {write it down}

    3 14.29%
  • You should instead do this {write it down}

    0 0%
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Thread: New Car?

  1. #1
    SitePoint Guru loanuniverse's Avatar
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    New Car?


    As I was driving my beat up yet still fully functional 1996 cavalier sedan to work a couple of weeks ago, it downed on me that life is short and maybe I should replace it. I am not a person that really cares about impressing or looks, but it is kind of funny that people that report to me a couple of years out of college are driving a better car than I do. Additionally, the damn cavalier has started to squeak.

    So I am here deciding whether or not I should go ahead and commit myself to something that will cost me on the neighborhood of $15,000 for the next three years. I am thinking of leasing this

    http://autos.yahoo.com/newcars/cadil..._overview.html

    What do you think I should do?









  2. #2
    SitePoint Evangelist nick0161's Avatar
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    that car is $15,000 ???

    get the new pontiac GTO,

    it's australian designed

    do you see many of them there or not really? or you have no idea what i'm talking about?

  3. #3
    SitePoint Guru loanuniverse's Avatar
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    Nope the car with the options is $35,000 to $38,000. The $15,000 is for a three year lease.

  4. #4
    SitePoint Evangelist nick0161's Avatar
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    right, i don't think we have a system like that here in aust.
    i have a 1985 Mazda 626 DIESEL ---- it's a beast...

  5. #5
    Matt Williams revsorg's Avatar
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    Save the planet, buy a cycle.
    work: revs | ecru
    reviews: films | mp3s
    projects: Glastonbury Tor | London IT support

  6. #6
    SitePoint Enthusiast nmcsween's Avatar
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    Go for it but personally that has a little more luxury than I would care for. Now a nice 1969 Chevy camaro throw in a deep crankshaft and rebore the pistons and you'll get a nice 600HP out of it. http://www.mdsonline.ca/cam69.jpg

  7. #7
    I am obstructing justice. bronze trophy fatnewt's Avatar
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    Do it. Do it now.
    Colin Temple [twitter: @cailean]
    Web Analyst at Napkyn


  8. #8
    ********* Genius Mike's Avatar
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    '05 mustang. 'nuff said.
    Mike
    It's not who I am underneath, but what I do that defines me.

  9. #9
    One Dream. BigL's Avatar
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    Get a Pontiac Grand Prix or one of those new G6's.
    Never Ignorant Getting Goals Accomplished

  10. #10
    ☆★☆★ silver trophy vgarcia's Avatar
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    Quote Originally Posted by revs_org
    Save the planet, buy a cycle.
    You've never lived in Miami I see. Bicycling around there is impossible.

    Loanuniverse, the only type of Cadillac that impresses anyone in Miami is an Escalade with 30" rims. Go for that

  11. #11
    SitePoint Enthusiast mav's Avatar
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    For that price range, you can a much better car for the same money... Audi A4, BMW 3 Series, Acura TL all come to mind.

  12. #12
    SitePoint Enthusiast adent100's Avatar
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    I second the Acura TL...

    Yes! Acura TL -- one of the best looking, most well-designed cars out right now. (If you excluded the new BMW's)

    Andy

  13. #13
    Non-Member c1vineoflife's Avatar
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    Well, if you're looking for something cheap (around the $10,000 range):

    Kia Sephia (my mom has one and loves it)
    Hundai Accent (I test drove one, they are very nice)

    If money is not a problem:

    BMW all the way.

  14. #14
    SitePoint Wizard Chris82's Avatar
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    Off Topic:

    I think this is the car which Will Smith and Martin Lawrence stop in Bad Boys II. Dan Marino was test driving it at that time.


    * probably not the right tags again ...

    Looks okay, I guess. Haven't got any better / other recommendations though.

  15. #15
    ********* Wizard silver trophy Cam's Avatar
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    Don't get a Pontiac GTO. They're really a Holden and they suck. Subaru's are great but I'm slowly becoming a Honda fan and I don't know why, the new Accords just look so purty...

  16. #16
    SitePoint Zealot MystaMax's Avatar
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    BMW... best car in the catergory

  17. #17
    SitePoint Guru loanuniverse's Avatar
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    Just back from the dealer still haggling over the capitalization costs and the fine print. I could be driving this as soon as tomorrow.

  18. #18
    SitePoint Wizard Aes's Avatar
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    I'm in love with BMW's. One day, I will have one! Until then, pretty much any other foreign car will suffice!
    Colin Anderson
    Ambition is a poor excuse for those without
    sense enough to be lazy.

  19. #19
    SitePoint Guru loanuniverse's Avatar
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    I understand that there are other entry-luxury cars in the market, but "buying american" when I can is important to me.

  20. #20
    ☆★☆★ silver trophy vgarcia's Avatar
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    Quote Originally Posted by loanuniverse
    but "buying american" when I can is important to me.
    At least you picked a decent American car

  21. #21
    Non-Member DaveMichaels's Avatar
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    Why in the world would anybody lease. Talk about money totally down the drain (which is saying a lot, since we're talking about cars).

  22. #22
    ☆★☆★ silver trophy vgarcia's Avatar
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    Quote Originally Posted by DaveMichaels
    Why in the world would anybody lease. Talk about money totally down the drain (which is saying a lot, since we're talking about cars).
    As long as you don't go over mileage leasing isn't such a bad option. You don't pay full price for the car, you pay about as much as (or less than) a regular car peyment, and you're out scott-free in 3 years with no depreciating asset.

  23. #23
    Non-Member DaveMichaels's Avatar
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    But if you buy a car, then you can sell it after three years (or whatever time period). Buying used avoids the about one-third instant depreciation of when you drive a new car off the lot. $15,000 would buy a nice quality used car.

  24. #24
    ☆★☆★ silver trophy vgarcia's Avatar
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    Quote Originally Posted by DaveMichaels
    But if you buy a car, then you can sell it after three years (or whatever time period). Buying used avoids the about one-third instant depreciation of when you drive a new car off the lot. $15,000 would buy a nice quality used car.
    But you don't know where it's been, and even after 3 years a Cadillac like Loanuniverse wants is still going to be more than $15K. I don't completely disagree with you. I would never lease a car for the simple fact that I drive too much. I've only had my car for 2.5 years and I broke 50,000 miles on the odometer this week. It would be foolish for me not to buy a car, but the lease option isn't so bad for others who drive less.

  25. #25
    Non-Member DaveMichaels's Avatar
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    Quote Originally Posted by vgarcia
    But you don't know where it's been, and even after 3 years a Cadillac like Loanuniverse wants is still going to be more than $15K. I don't completely disagree with you. I would never lease a car for the simple fact that I drive too much. I've only had my car for 2.5 years and I broke 50,000 miles on the odometer this week. It would be foolish for me not to buy a car, but the lease option isn't so bad for others who drive less.
    Sure, but you can always get a car loan. Pay $15K on a car loan + sell car vs. $15K for leasing. Here's a good article that really has nothing good to say about leasing:
    The Emotional Leasing Pothole
    The Buy Vs Lease Decision
    (Suze Orman also recommends on that page that people should buy "new used". But then why is she now appearing in new car commercials saying they're a "great deal"? Guess she sold out.)

    You can always get used cars checked out. Many dealers have many-point inspections they put used cars through.


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