The car is outside my house, a black 2006 Hyundai Tucson v6 with 67,000 miles on it. I bought it in New Jersey for $1650 down and a balance of $12,565. My monthly payments are going to be $234 a month. However, I will hopefully have this paid off in a year and a half at the most which means I will be paying close to $1000 a month on a car.
Why a new car?
I had a funny feeling that my 2000 VW Passat was going to die. It kept shutting off out of nowhere. When we took it to the dealer on Monday they said it was a wiring problem and they would check the wires. However, there is over a mile of wiring in the car. They searched for 6 hours but only charged us for 2 and still could not find the faulty wire. The car is sitting at the VW dealership until we decide what to do with it.
However, before I knew all that I had begun my search. Like I told you, I wanted something inexpensive, reliable and safe ( I also wanted an SUV). This led me to both the Hyundai Sante Fe and the Tucson. Monday evening I went look at a Sante Fe at a dealership near me which I did not like at all and on a whim went to Jersey to look at a car I saw on autotrader.com that had no picture.
Once I saw it and drove it I knew it had to mine, luckily the dealership was willing work with me. Perhaps it was because my credit score was in the 700 range??? I don't have to make my first payment until 45 days from Monday, I have a warranty ( 2 year comprehensive) and the process was very simple and easy.
What's funny is that I kind of felt like I was calling the shots. I got to work out a payment that I liked, I picked the day I wanted the loan due on, and they didn't ask me for paystubs and such. It made me feel good that they felt I could be trusted with money.
The whole not needing pay stubs thing kind of surprised me because I thought they would need proof of income. I guess they really trusted that I was a teacher ( which I really am)! They do make copies of pay stubs for most people. Today when I picked up the car to take it home I watched the salesman make photocopies of this young Hispanic man's pay stubs who was buying a car.
Now I need to know ... what I should do with my old car?
until next time, think prosperous thoughts