1. To buy a decent car in our area used is the same price as a new car. Seriously – we looked at a 2010, 2011 and 2012 and somehow the 2012 was cheaper. How? I have no idea and my argument of only buying used cars was squashed on the spot.
2. When a dealer sells you a new car, they make the same amount of money no matter what but they have the potential to make more money off a used car.
3. If you belong to a credit union and try to buy a Buick brand, they’ll give you the suppliers rate (this saved us thousands of dollars).
4. If someone in your family drives a competitors car, you can get a switcher discount
5. More rebates for cars appear at the end of the month.
The downside to this purchase is that we did take the money from his parents. This act kills me but I know that fixing his brakes and trying to milk his car for a few months would more or less be throwing good money at a bad problem. I’m trying to think of this is a positive light that this car will be paid off by 2014. We already know how to live beneath our means, the money that we borrowed will not have any interest accruing and we’ll just get gazelle intense.