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Discussion Starter #1
I have been thinking recently that it might be worth considoring buying a new car instead of used. This would put off buying another car for at least a month (assuming I get the job I'm going for, longer if I dont).



I have bad credit. I have almost no chance of getting financed by a major automaker. That leaves the second rate carmakers like Suzuki, Hyundai, Mitsubishi, and Kia that cater to those with bad credit. I would require a mid-sized sedan, preferably with a 5-speed manual. That knocks Suzuki and Mitsubishi out of the play early on, since the Galant (besides being very ugly) is automatic only and Suzuki's next mid-size is quite a ways off and probably wont offer a manual option, either. I dont particularly like the Sonata, so that leaves the Kia Optima. I also believe the Kia will be more reliable in the long run v.s. a Mitsubishi especially.



Optima compares with Fusion (but this assumes I could get financed to buy a Fusion, which is unlikely). Optima is roughly the same size (has a hair more room here and there, nothing that would alone make me choose it above Fusion), has two extra HP (lol), and starts about 4-5K cheaper before rebates. It lacks Fusion's standard ABS, Keyless entry/Alarm, and speed control but does provided standard power windows, locks, A/C, CD, and of course the famous 100K warranty on the powertrain (I doubt that includes the clutch), all of which (with the exception of the warranty) are also standard on Fusion. Also, no Ford dealers I've been able to talk to stock manual-trans Fusions (or Focus' for that matter!).The local Kia dealer has three manual Optima's in stock, starting at $14,600 on sale. One silver and two gold-ish color ones (same color as my '95 Accord). I wanted a blue one but I'd settle for the lighter colors.



I actually find the 2008 Optima to be a pretty good looking car. Its built on a slightly different plaform than Sonata.



My other choice is to pay cash for a used car like the 1996 Aerostar I found recently. That vehicle is still avalable and I could probably get it within a month for sure. This would solve the problem of having a replacement car almost immidiatly, where as I'd probably have to stay at my job for a little while before getting financed. I'm really leaning towards buying the Aerostar and maybe considoring a new car later, but 2008 is the last year for manual-trans Optimas and of this bodystyle that I like.



The problem with keeping the Accord(s) is that they are hard on my back, and the '95 wont pass state inspection and therefor I cannot drive it to work (they wont let a car past the gate that isnt tagged, inspected, and insured). The '91 is basicly a clunker that would no-doubt cost me a lot of money down the road, even if it didnt need work now (and it does).



I was thinking of going to Mobile sometime early next week and test-driving Optima, just to see if it would be any better on my back or if there were any other major reasons why I should eliminate it altogether.
 

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Buying a car is not the way to fix ones credit. New car with a note equals more required coverage for insurance which equals higher premiums. Bad credit means high interest rate and higher premiums.

Buy a used car cash. Get bare bones insurance. Fix your credit. Get a low limit credit card. Use it for gas and gas ONLY. Set aside that cash as well. Pay the card before 30 days so little to no interest accrues. You now have an open line of credit that is used on a regular basis and has a zero balance. Watch credit score slowly rise.
 

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Discussion Starter #3
I appreciate that advice, but the point of buying the new car isnt to raise my credit score, or at least, thats not the driving force behind the idea. The point is to have a new car with a warranty, and there for a much lower chance of car trouble later.

I'm still leaning heavily towards buying the Aerostar instead. One advantage to having an Optima instead of an Aerostar is fuel mileage, but obviously I'd save a lot more money by not having car payments or higher insurance. Another advantage is that its a new car with a warranty.

I'm still considoring the new car idea, but I dont relish the idea of buying a new Kia or having payments. My previous Kia experiance was far from great, but to their credit, they've made some huge strides in quality since then, and the warranty helps on that front too.
 

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I'd say get a well maintained used car. My Escort and Contour were fantastic to me. The only reason I bought my Taurus new was because it was supposedly the last year of the Taurus, and I have always loved the Taurus line of cars. I am happy with my purchase, but I hate the payments. Once I pay off my car, I will be the happiest person in the world.
 

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John, I've said it over and over........ POOR PEOPLE SHOULD NOT BUY CARS/HOMES/OR TAKE OUT LOANS. That means buying a new car also. Suppose you don't get this job you're depending on?? Then what, will you still be able to make payments EVERY MONTH??


The best advice, be patient, look till your blue in the face, find a good used unit that will give you the highest return for YOUR BUDGET. If you don't have a budget, GET ONE make one up see where all you CURRENT monies are going and what can be "put off", re-prioritize. I have to agree with Randy, buying a new one definitely is NOT the correct way to raise your credit, getting rid of the debt however, IS!!! DO NOT go deeper into debt to TRY to come out of it, you WILL lose every time.
 

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Discussion Starter #6
John, I've said it over and over........ POOR PEOPLE SHOULD NOT BUY CARS/HOMES/OR TAKE OUT LOANS. That means buying a new car also. Suppose you don't get this job you're depending on?? Then what, will you still be able to make payments EVERY MONTH??


The best advice, be patient, look till your blue in the face, find a good used unit that will give you the highest return for YOUR BUDGET. If you don't have a budget, GET ONE make one up see where all you CURRENT monies are going and what can be "put off", re-prioritize. I have to agree with Randy, buying a new one definitely is NOT the correct way to raise your credit, getting rid of the debt however, IS!!! DO NOT go deeper into debt to TRY to come out of it, you WILL lose every time. [/b]


#1: I wouldnt have a hope of being approved on a new car loan if I did not have an income, so therefor I wouldnt buy a new car without having stable employment first. I thought I mentioned that I'd get the job first, make sure it was something that I could do and that I could stick with for the long-term, and THEN look into a new car. If I wasnt clear on this, I appologize.



#2: I know I was clear on this: The objective in buying new is NOT an attempt to "rebuild" my credit. I mentioned having bad credit only because it would be a major reason to prevent me from getting a loan through a major automaker like Ford or GM (most likely), so that leaves second rate carmakers like Mitsu, Kia, Hyundai, and Suzuki. Of those car makes and their offerings, only the '08 Kia Optima with manual trans is appealing to me. Obviously, I'd much rather be in a Fusion or maybe even a Focus, but I havnt driven an '08+ model so I dont know how they'd be on my back. I would not considor a Cobalt, and wanting a manual trans means the Malibu is out as well. The Astra does not get as good of MPG as I'd expect in a car of its size, and they're kinda expensive anyway. Probably the only GM vehicle I'd considor would be a GMC Canyon, but I'd rather have a Ranger. I am not intersted in any Honda, Nissan, Toyota, or Chrysler/Dodge/Jeep product. VWs are expensive and their long-term reliability is questionable. The idea behind looking at new would be to not have to worry about car problems for a long, long time. And, to be honest, to be driving something that is less than 10 years old for once.



Odds are I am going to end up in a used car and paying cash for it. The '96 Aerostar is pretty much perfect for me. Just for kicks, I stopped to look at a '98 Expedition today, advertised for $3K. It had 197K miles, dents ALL over it (not like hail damage, more like somebody-doesnt-know-how-to-drive damage), and was 2WD (I find the idea of a 2WD SUV moronic). Not intersted. The Aerostar is a grand cheaper, is in WAY better condition, only 116K miles, and would obvoiusly get much better fuel economy and be cheaper to repair more than likely.
 

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Was there any ever doubt you'd not get the Aerostar? Or was this another chance to come out fighting whenever someone disagreed with you?
 

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Discussion Starter #8
It was an idea I had, I expected to get different opinions to help me decide one way or the other. Nobody disagreed with me, because I wasnt sure one way or the other (if you'll notice, I didnt say I was definantly going to do this or that, just that I was considoring both options). I have no control over what other people post, and I've tried not to be negative. Thanks for your contribution.
 

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well, we own two of those second rate kias and have had zero problems. in fact, i have a second rate 08 optima. besides it being second rate, its been a great car so far. my wife has had a second rate spectra for three years with no problems.
your options are buyin a second rate new car, or a crappy used car that you dont know the history of. i vote for the second rate kia. even though its second rate.....

as for the options in my second rate car, i got a 2.7 V6, automatic, alloy rims, abs, keyless entry, cruise control, steering wheel audio controls, aux in for an mp3 player, and the maintenance plan (oil changes) for $15K. do some more research before you decide what to buy. (and the rear windows go all the way down. ha ha.)

but if you dont have a job, dont go around wasting their time. take the bus.

and if you do get the job (i wish you luck in that, btw) credit companies want to see a history of employment at that job. workin somewhere for two weeks wont get you approved. i hope it does, but im just sayin......
 

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Go used. But find something that doesn't have 343643347 miles on it. 40-60K will open many options for you. My pop bought his late 2G Taurus with only 20K on the clock for $2K.
 

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Discussion Starter #11
well, we own two of those second rate kias and have had zero problems. in fact, i have a second rate 08 optima. besides it being second rate, its been a great car so far. my wife has had a second rate spectra for three years with no problems.
your options are buyin a second rate new car, or a crappy used car that you dont know the history of. i vote for the second rate kia. even though its second rate.....

as for the options in my second rate car, i got a 2.7 V6, automatic, alloy rims, abs, keyless entry, cruise control, steering wheel audio controls, aux in for an mp3 player, and the maintenance plan (oil changes) for $15K. do some more research before you decide what to buy. (and the rear windows go all the way down. ha ha.)

but if you dont have a job, dont go around wasting their time. take the bus.

and if you do get the job (i wish you luck in that, btw) credit companies want to see a history of employment at that job. workin somewhere for two weeks wont get you approved. i hope it does, but im just sayin......

[/b]


Excelent way not to be negative! :rolleyes:
 

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whats so negative about that? you said you were thinkin of a kia (second rate car) and i told you about mine and my wifes experience with them. then i wished you luck on getting your job, and good luck on getting the car, either new or used.....

you wont LET anyone be positive. any suggestion you are given gets shot down and then you get all defensive and wanna argue with everyone. youre kinda hard to please i guess......

that being said, i think you should buy that van with 120K miles on it, and then tell us how great it is repairing it all the time.... "this is way better than makin a payment on a car with no problems!"
 

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Buy used. As the saying goes, pay cash and save thousands in financing costs. I have excellent credit myself and wouldn't even consider buying new again unless I was in a bind like I was the last time I bought new. Buying used just takes more time to shop around for a car but is well worth it in the end. I haven't had a car payment in years and my last car I paid cash for it. Read some of the other car forums like Car Talk, they have a radio program and they always advocate keeping a used car over a new car regardless of your financial situation. Only about 1/4 or less of cars sold are new, the rest are used.

For an interesting book to read, try reading "The Millionaire Next Door." Even millionaires drive used cars.

Anyway good luck in whatever you decide to do, but you asked for an opinion and here it is.
 

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Discussion Starter #15
whats so negative about that? you said you were thinkin of a kia (second rate car) and i told you about mine and my wifes experience with them. then i wished you luck on getting your job, and good luck on getting the car, either new or used.....

you wont LET anyone be positive. any suggestion you are given gets shot down and then you get all defensive and wanna argue with everyone. youre kinda hard to please i guess......

that being said, i think you should buy that van with 120K miles on it, and then tell us how great it is repairing it all the time.... "this is way better than makin a payment on a car with no problems!"

[/b]
:picard2:

Yea, its true, I'm just here to piss people off I guess. Its my goal to do it for...wait, cant really think of why that would be my goal, but I'm SURE it must be, right? You obvoiusly took offence to my calling Kia a second rate car company (or didnt, but just used it as a tool to try to escalate this situation, which has worked nicely), but its the truth (less so now than just five years ago, but still the truth). They still sell cars at cut-rate prices, tend to cater to bad-credit buyers, and so forth. Nothing wrong with it, its exactly why I would be interested in them. Its not like I said they are the worst, in fact they are the only car I was considoring out of their peers. I'm so glad you thought it was a personal attack on anybody who owns one, as that was clearly my goal. :thumb:



Your passive agressive attitude is just wonderful, and pretending you are doing nothing wrong is even better. I havnt been argumenative at all on this thread, I've simply corrected the two people who though I was only considoring the new car to "rebuild" my credit (I'm not). Its not arguing, just a further explination to those who didnt understand my objective. If you cant tell the difference, then I'm sorry for you. You see me being negative and argumentative because thats what you expect to see, for whatever reason. You think I pick fights in other threads, when all I do is refuse to back down when my point is valid. If that pisses you or anybody else off, too bad. I'm not the only one who does it, and if more people would stand up for what they believe in, this country and world as a whole wouldnt be in the shape its in now. I'm not the answer, but I'm not the problem, either.



Congradulations. You (well, mostly daveromanjr actually, but you as well) have made this into something negative, not I. Calling me out in an attempt to embarass me when all I did was seek opinions on what I thought would be an alternative to my present plan. Sorry I asked. Next time, I'll be more carefull and keep this in mind. I had no idea that me asking a simple question would lead people to think that my goal was to start fights. I'm not being coy here, its the truth. Dont believe it? Well, thats not my problem.



To the others who actually bothered to give an opinion one way or the other without any negativity, I appreciate it.



.

.....you asked for an opinion and here it is. [/b]


Amazing. Others could take lessons from you. Thanks again.
 

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nice. i still dont see what i did wrong besides crack wise about second rate cars.

enjoy fixing you "new" van.

To the others who actually bothered to give an opinion one way or the other without any negativity, I appreciate it.
[/b]
thats what i mean right there. "thanks to anyone who posted something in a manner that i found acceptable"
i forgot that im supposed to be ignoring your threads.

good luck with the job.
 

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Ive talked to many people who owned Kia's and liked them alot, on the other hand I know many people who wouldnt be cought dead in a Kia. I personally dont care for them, but im not saying they are bad either.

If you really want to buy a new car, dont get one just because its the only one you can afford at the time, get one that you would really like and enjoy, because your probably going to be stuck paying for it for the next 5ish years.

I have no problem buying a used cars, as long as they are in respectable condition, fixable, and will last for more then 5 months.

You seem to be excited about the Aerostar and its relatively cheap, so id say go for the Aerostar and build up your credit as others have said, and then buy a car that you could really enjoy.
 

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Hey John,
Just go with a used vehicle that fits your budget and your needs. From what Ive read, the Aerostar seems to do both of these things.
For the 300 plus dollars you would have to come up with for a payment every month, PLUS full coverage insurance you could cover just about any repair the Aerostar needed. For the months that the van doesnt need anything, take that money and put it towards any old bills you have and dig yourself out of debt. Your credit score will slowly get better with time and with the elimination of your debt.

Car payments suck ass. Avoid them at all cost.


Dave
 

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:werd: cars last a hell of a lot longer than the manufacturer's would like them too
 

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Get the Areostar, you seem to know your way around them. :ford:
 
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