Sugarplum, cash guzzler at large
I dearly, dearly love Sugarplum, my Toyota Camry, but lately the old beast has been giving me some trouble. My car has been dying a spectacular and expensive death, filled with stalling during rush-hour traffic, and congested death rattles. I’m hoping the past few days at the auto mechanic should patch her up for the time being, but it’s gotten to the point where I need to think long term about my car situation. Much as I’d prefer it to be otherwise, cars are a necessity in Los Angeles, especially when I need to be at work well before the buses start running. I’m wondering whether I should invest in a brand new car (which I’m not thrilled about), or buy a used car and inherit someone else’s problems. Any advice?
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Well, as you know, I am in the process of buying a new car. I was initially considering going to some place like CarMax and just buying a used car, but honestly, I think it’s worth it to just buy a new one. You get a warranty and, really, in the long run, I think it probably saves you money. If you add up what you might end up paying to fix whatever problems you might inherit, you could probably make a sizable down payment which would make your monthly payments pretty small. Not to mention, I think it’s always worth it to pay for the latest safety technology (especially since side curtain airbags are now standard and it’s tough to find a used car with them).
Also, now is the BEST time to buy a new car. The dealerships are hurting for buyers and you can pretty much get whatever crazy deal you want.