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  1. #1
    Registered User blueberryboy's Avatar
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    Whats the best way to get a car these days ???

    07 accord currently
    - body is a bit dinged up but only has like 110k miles
    Been borrowing my brothers car as he's been out of town lately
    - accord been sitting in drive way ..think it needs a new battery wont start and is not safety inspected for like a year over due So basically it needs some work ..thinking about starting fresh with something else

    - I have plenty of money saved up to go buy a car in cash but if I do that then that will take away from what I'm trying to gather for a house down payment ( 27 now parents been strongly suggesting I get a house ) ( renting now )

    Do I:

    A) lease a car
    B) go find another cheap honda /Toyota for 3-5k ~ in cash
    C) buy an actual nice car in cash and take away from my down payment for a house
    D ) finance a car
    E) fix my 2007 accord and get a little more time out of it

    I dont really need anything fancy just really don't wanna go car less for the summer
    Last edited by blueberryboy; Today at 09:54 AM.
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  2. #2
    SFW! Drew23's Avatar
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  3. #3
    ✅ Verified Miscer ispy's Avatar
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    lol just lol
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  4. #4
    Registered User blueberryboy's Avatar
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    Originally Posted by Drew23 View Post
    Good one but I need srs advice my guy
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  5. #5
    Registered User blueberryboy's Avatar
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    Originally Posted by ispy View Post
    lol just lol
    Whats funny bro ? Owned that accord for literally like 8 years

    Basically is what am I asking should I blow my house deposit on a nice car and stunt or play it safe and get a pos
    Or fix my current
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    Originally Posted by blueberryboy View Post
    Whats funny bro ?
    i'd rather not say. do whatever you want.
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    I would normally suggest to use cash if you have it, but don’t take away from your house down payment.

    There are certain mortgage insurance benefits you can have if you put a certain amount down on a house that can save you more money than you would spend on the interest of of financing a vehicle.

    Of course you need to understand all the variables. How much is the house, how much would you need to put down to avoid the additional mortgage insurance, how much is the vehicle, length of the loan, interest rate, etc.

    Once you have all that information, plug in the numbers. You don’t even have to think about it. The decision is made for you based on the numbers.


    Without any of that information, I feel confident it would be more financially beneficial to save as much as you can for the house down payment and finance a vehicle. Just keep in mind the purpose of the vehicle is to have a reliable source of transportation. Extra gadgets and shiny things are fun, but no debt is more fun. That is my opinion on the matter anyway.


    Edit: find out everything that is wrong with your car and determine how much it will cost to fix. I got fixated on the perceived “need” to get a new car, but that was an error.
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    Get one from a cashphag
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    Originally Posted by blueberryboy View Post
    Good one but I need srs advice my guy
    No srs tag no care.

    But srsly you should just get the Honda working. It will probably last you another 5 years without much cost.
    Lease is for people with no money or a ton of money, so if you're not one of those, buy a 1-2 year old used car and finance it.
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  10. #10
    Registered User blueberryboy's Avatar
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    Originally Posted by Drew23 View Post
    No srs tag no care.

    But srsly you should just get the Honda working. It will probably last you another 5 years without much cost.
    Lease is for people with no money or a ton of money, so if you're not one of those, buy a 1-2 year old used car and finance it.

    Thanks

    If I could just get it working enough to have something to drive around town would be great for the summer
    I have a feeling all it would really need Is a battery

    Body is a bit rough but it isn't rusty at all for a 15 year old car

    I'll give it the old college try to get it back on the road and if not or it isn't worth it than fk it


    Just put brand new breaks on it ( myself ) before it broke down ..and also replaced both tires and wheels ( used)

    So not ready to give up just yet
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  11. #11
    Registered User denrocks1's Avatar
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    Miata

    All cash

    Not srs
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  12. #12
    Registered User blueberryboy's Avatar
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    Originally Posted by Ironmanlet View Post
    I would normally suggest to use cash if you have it, but don’t take away from your house down payment.

    There are certain mortgage insurance benefits you can have if you put a certain amount down on a house that can save you more money than you would spend on the interest of of financing a vehicle.

    Of course you need to understand all the variables. How much is the house, how much would you need to put down to avoid the additional mortgage insurance, how much is the vehicle, length of the loan, interest rate, etc.

    Once you have all that information, plug in the numbers. You don’t even have to think about it. The decision is made for you based on the numbers.


    Without any of that information, I feel confident it would be more financially beneficial to save as much as you can for the house down payment and finance a vehicle. Just keep in mind the purpose of the vehicle is to have a reliable source of transportation. Extra gadgets and shiny things are fun, but no debt is more fun. That is my opinion on the matter anyway.


    Edit: find out everything that is wrong with your car and determine how much it will cost to fix. I got fixated on the perceived “need” to get a new car, but that was an error.

    Thanks bro.
    Will take it this advice seriously if I determine my honda is trashed
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  13. #13
    Registered User badbl00d's Avatar
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    I'd find out what was wrong with it, and drive that bitch until the wheels fell off. Ded srs. Id' go with E. find out whats wrong with it, get it fixed barring it's something insane, and drive it until the wheels fall off. You throwing 5k at a used toyota is just silly. Save up more money, and put a big downpayment on a more viable longterm option.
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  14. #14
    Registered User blueberryboy's Avatar
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    Originally Posted by badbl00d View Post
    I'd find out what was wrong with it, and drive that bitch until the wheels fell off. Ded srs. Id' go with E. find out whats wrong with it, get it fixed barring it's something insane, and drive it until the wheels fall off. You throwing 5k at a used toyota is just silly. Save up more money, and put a big downpayment on a more viable longterm option.
    Thanks bro I've owned that car for years so I know it pretty well

    I'm gonna get a new battery for it and go from there. Either gonna be battery or alternator

    If it doesn't cost something insane to fix then fk it ill do it
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