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Proposed Budget:$3500-$4000 New or Used: Used Body Style: Sedan, Coupe preferred, but mainly just no need for a large vehicle (truck, SUV, etc.) How will you be using the car?: Mainly daily commute (~30 minutes each way), semi-regular longer trips to visit family (about 4 hours each way, about once a month). What aspects are most important to you? Mechanical reliability mainly, cheap (just want to get from A-B reliably), followed by gas mileage. Buying a vehicle with my wife to share for the time being. We're both current college students, 1 semester away from graduation. My classes are actually on site work 40 hours/week, she's still on campus for classes. We live next to campus, so we're going to be sharing it for the next few months until after graduation at least. Funds-wise, we've got a max of $3700 cash in hand that we can contribute to the costs of the car. Income is hit or miss, but I work during my vacation periods from class, and should have another $1200 by mid March for further payments. Her current job is regular, and could contribute probably a max of $100 per month if need be. We'd much prefer to pay cash. We've a cash buffer on top of this, but we'd prefer not to dip into that pool. Post graduation, I'm looking at income of $50,000/year after loan payments are taken out. Her's is a bit sketchier. Tough job market for her field right now, no job lined up, and $40,000 would be probably the max she'll see, but she doesn't have any loans so anything she does bring in would be bonus. Right now, our main options are a 95 Buick LeSabre, 94,000 miles at $3899 and a 2001 Ford Taurus, 58,700 miles at $2750. The Taurus seems like its a "too good to be true," so I'm pretty wary. Blue book is listing something like that at $6500. Only mitigating factor is that its out of an estate sale. I want to take it to a mechanic before going for it, but if it checks out its a great deal. The Buick is a car I'm familiar with. I drove the same year and model until it hit 200,000 miles (about 7 years worth), and I know I like the car. This one is just way less miles than the one I drove previously. Thoughts on either of those two options, or is there I third choice I should start looking around for?
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Dec 19, 2012 07:12
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| # ¿ Apr 25, 2024 08:55 |
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