Trade Up?

"HFV has no HFV. But somehow has 2 motorcycles" (hondasfordsvolvo)
02/21/2015 at 13:37 • Filed to: None

So I've searching dealer lots a bit for my next car. Mainly because my car is GOING TO BE PAID OFF NEXT WEEK! YAY. So There is these. bad Ideas? or Horrible ideas?

Sexy blue 2005 Si

Pros: it's a Honda, its a hatchback, it's newer but not too new. Cons: still a 2door, would put me back into debt

!!! UNKNOWN CONTENT TYPE !!!

2007 SX4

Pros: it's like a tiny SUV Cons: it's like a tiny SUV

!!! UNKNOWN CONTENT TYPE !!!

These are options that would't put me back into a loan.

2002 325i

Pros: manual, practical, heated seats, RWD Cons:It a German car with 186,000 miles. which is scary

!!! UNKNOWN CONTENT TYPE !!!

1996 Z3.

Pros: That blue, it's a sports car which is exciting. Cons: rebuilt title, the opposite of practical

!!! UNKNOWN CONTENT TYPE !!!

DISCUSSION (33)

jkm7680 > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 13:40

Noooo Z3. Horrible luggage rack, headlights and rebuilt.

Sam > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 13:43

How is your credit rating? If it's really good, go for one without a loan. If it still needs some work, get a loan you can easily pay off.

Twingo Tamer - About to descend into project car hell. > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 13:44

If yours is paid off try and save up what you'd usually put into the payments and in a year or so get something awesome. That's basically what I'm doing now.

Sn210 > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 13:46

that civic looks good but a bit on the high side. You should enjoy a couple of payment free months

Steve in Manhattan > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 13:48

Similarly, I would say give yourself six months or a year without a car payment, and see how it feels. When I paid off the SHO it felt great!

HFV has no HFV. But somehow has 2 motorcycles > Sam
02/21/2015 at 13:49

not great not bad. the wife and I are thinking about getting a credit car for a new couch and TV, and maybe an Xbox One. I've never had a credit car. because I don't trust myself with one so this would be a one time deal, find a good sign up deal, buy a few things pay them off and cut the card.

HFV has no HFV. But somehow has 2 motorcycles > Twingo Tamer - About to descend into project car hell.
02/21/2015 at 13:50

That would be the smart thing to do.

Sam > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 13:52

As long as you're careful, a credit card is a good way to go about it. Just use it for small stuff, like buying groceries and gas. Smaller amounts are easier to pay off. Also, make sure to actually have the funds to pay it off.

HFV has no HFV. But somehow has 2 motorcycles > Sn210
02/21/2015 at 13:52

i'd rather enjoy a few months of k20 powered hatchback.

Twingo Tamer - About to descend into project car hell. > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 13:53

I'm doing it so I can get a newish low mile car and keep it for a long time. Plus something more reliable than My Fix it Again Tony.

Biased Plies > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 13:53

I love Bimmers but neither of those are a good buy, mileage and practicality wise respecitvely. The EP3 is a great car and would be reliable but I'd be a bit weary of that one with the damage it's suffered; as it is, the price is too high by $1-2K. That Suzuki is neat and looks to be in good shape but the value is a bit high here as well, being orphaned from its brand really hurts resale.

That said, why the need to get a new car as soon as you current one is paid off? Save that payment you're no longer making for a few months at least and enjoy the car you have.

HFV has no HFV. But somehow has 2 motorcycles > Biased Plies
02/21/2015 at 13:57

Because I greatly dislike my car.

Sn210 > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 13:58

haha then go for it

JDIGGS > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 14:02

Go buy yourself a used sti and never look back.

HFV has no HFV. But somehow has 2 motorcycles > JDIGGS
02/21/2015 at 14:04

haha That is scary both in maintenance costs, and the month to month. but yeah turbo, and AWD.

I'm more of a Saabaru guy tho.

Clown Shoe Pilot > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 14:05

keep paying your car payment into a savings account for a year and then start looking a year from now. With any luck you'll have several grand saved up that could be the difference between good choices and great choices.

HFV has no HFV. But somehow has 2 motorcycles > Clown Shoe Pilot
02/21/2015 at 14:06

but a year from now all the cars I want will be a year older.

Clown Shoe Pilot > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 14:08

and therefore less expensive, and you'll have a few grand in your pocket to make the transaction go easier.

E. Julius > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 14:08

If owning the car outright means so little to you (as evidenced by the fact that you want a new one immediately after paying this one off), why don't you just lease?

Biased Plies > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 14:13

That may be so but be financially smart about it if there is nothing physically wrong with the car you have. A few months of a saved car payment will probably be a useful rainy day fund or down payment for something else down the line.

HFV has no HFV. But somehow has 2 motorcycles > E. Julius
02/21/2015 at 14:26

because I don't want a new car. I like older cars. The cars listed above are the newest things I want I own. Modern cars just don't interest me, mostly because traction control tends to make me angry. Especially in the winter months. If a computer is going to tell me how to drive, then whats the point of even giving me a steering wheel and pedals.

E. Julius > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 14:30

I can see that, I like older, smaller cars myself. It seems like you should wait a little bit before buying a new one though, or at least don't take out another loan.

HFV has no HFV. But somehow has 2 motorcycles > E. Julius
02/21/2015 at 14:36

I'll probably wait till summer sell, my car private party then buy something. In the summer I don't "need" a car so being car-less for a few weeks, or even months wouldn't be a big deal. Then I wouldn't be stuck trading-in, or buying at a stealership. I just got all excited when I found that blue Si. It's the car I should have bought 18 month ago when I bought my Civic.

TheD0k_2many toys 2little time > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 14:37

DSM. No need for car payment

Tohru > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 14:39

Buy something for around $1000 to flog around.

HFV has no HFV. But somehow has 2 motorcycles > Tohru
02/21/2015 at 14:44

I like the way you think. I do miss having a true beater.

Tohru > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 14:53

Here you go. It's the perfect van for the "Power for Pennies" LS engine build.

http://minneapolis.craigslist.org/dak/cto/488324…

HFV has no HFV. But somehow has 2 motorcycles > Tohru
02/21/2015 at 14:55

haha I'm think something more like this

http://minneapolis.craigslist.org/dak/cto/489337…

Tohru > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 15:15

That works too.

HFV has no HFV. But somehow has 2 motorcycles > Tohru
02/21/2015 at 15:20

or maybe if this guy will budge on his price by about 500 bucks.

http://minneapolis.craigslist.org/ram/cto/488027…

Tohru > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 15:53

He probably should, considering the car is "not orgigoinodo".

Snuze: Needs another Swede > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 21:44

Is your car clapped out and about to die? If not, hang on to it and enjoy some time without payments. I waffled in and out of debt for years playing with cars and motorcycles and stuff. I'm going to have my car paid off before the end of the year, and while the temptation is always there to look for something newer, I'd rather put the car payments towards my credit card payments so I can get that paid off too.

And... You've been making payments for a while now, so you've probably got a budget worked out that assumed $xxx.xx each month is going to the car payment. So put that money in a savings account or something and in 6 months to a year you will have enough to move up a newer Civic SI, or lower mileage BMW.

JDIGGS > HFV has no HFV. But somehow has 2 motorcycles
02/21/2015 at 22:00

Yeah really IMO if you did get one try to find a simple stage 2 car with exhaust and a tune. This is actually better than a stock car because the tuning is so poor it can prematurely demolish the engine. I've had a couple sti's and have yet to run into any reliability issues. I think the new cars and after gd body are more prone to problems. I do have to say I beat my old stage 2 sti pretty good everyday and did 2 track days sat/sun where I did 2 run groups and let my car be used. I was literally struggling to get out of it for my other driver to get in and make his group in time. The car was perfect up to about 47k when an accident totaled her. There was a question of repair at the time and i had compression test which passed w flying colors. Unfortunately the rest of the car was fooked.