Reply
Contributor
Posts: 76
Registered: ‎12-05-2011
0

Memorial Day sales?

Ok, I'm thinking about trading in my Dodge Ram (which I currently know I'm going to be rolling negative equity into a new loan) for a mid-size/small SUV (maybe an Escape). I know I shouldn't roll negative equity. I was stupid when I was younger and leased, blew my mileage out of the water and then took out a longer loan than I should've. I took it out based on payment, not common sense. I've learned my lesson and don't want to do that again. However, I get 13.5 MPG and want something that gets about 20 and still have 4WD.

 

Any ideas? Also, are the Memorial Days sales really that good to justify waiting?

Cards in my wallet: BofA 1-2-3 Rewards - $3,000 (5/2012), Walmart - $350 (9/2012), Home Depot - $500 (10/2012), US Bank - $1,000 (11/2012)
Valued Contributor
Posts: 2,656
Registered: ‎06-05-2008
0

Re: Memorial Day sales?

Try the car buying services that USAA, Costco, and Penfed offer.  Also, if you arrange financing ahead of time with your own bank, you can pick the car you want, and deal with a bunch of dealers at the same time via email.

 

I bought a car this way last year; had financing, and emailed all the dealers that had the make I wanted within 100 miles.  I let them each bid best price, and chose the best deal.  Way under MSRP, and picking up the car took 20 minutes.  I already knew I was approved and what my payment would be.

 

Including a trade complicates things, but you can get a trade valuation at multiple dealers before negotiating the car deal.

12-15-14: FICO EXP: 813 - EQU:802 - TRAN: 756 - AVG: 790 +240 points from JUN 2008 - MY CREDIT JOURNAL

Valued Contributor
Posts: 3,097
Registered: ‎10-02-2012
0

Re: Memorial Day sales?

I am content with my Subaru Legacy. Plenty of space, AWD, and 30+ MPG. I you are set on an SUV, then Subaru is going to be releasing a hybrid SUV probably around Q4 2013.

 

I am a fan of sedan's over SUV's. AWD Audi, AWD infiniti, AWD BMW ect would all be available in sedan's. Decent fuel mileage, plus just nice rides.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Contributor
Posts: 76
Registered: ‎12-05-2011
0

Re: Memorial Day sales?


Dustink wrote:

I am content with my Subaru Legacy. Plenty of space, AWD, and 30+ MPG. I you are set on an SUV, then Subaru is going to be releasing a hybrid SUV probably around Q4 2013.

 

I am a fan of sedan's over SUV's. AWD Audi, AWD infiniti, AWD BMW ect would all be available in sedan's. Decent fuel mileage, plus just nice rides.


I hadn't thought about a Legacy. In all honestly, I've been driving a truck for so long that I think of trucks and SUVs with AWD. Which model Legacy do you recommend with AWD?

Cards in my wallet: BofA 1-2-3 Rewards - $3,000 (5/2012), Walmart - $350 (9/2012), Home Depot - $500 (10/2012), US Bank - $1,000 (11/2012)
Valued Contributor
Posts: 3,097
Registered: ‎10-02-2012
0

Re: Memorial Day sales?

[ Edited ]

bellrod44 wrote:

Dustink wrote:

I am content with my Subaru Legacy. Plenty of space, AWD, and 30+ MPG. I you are set on an SUV, then Subaru is going to be releasing a hybrid SUV probably around Q4 2013.

 

I am a fan of sedan's over SUV's. AWD Audi, AWD infiniti, AWD BMW ect would all be available in sedan's. Decent fuel mileage, plus just nice rides.


I hadn't thought about a Legacy. In all honestly, I've been driving a truck for so long that I think of trucks and SUVs with AWD. Which model Legacy do you recommend with AWD?


I bought the sport, then had a factory looking nav put in. The limited comes with leather, but has fake looking wood trim. The sport has cloth but comes with fake looking carbon fiber trim. I went with the fake carbon and the cloth. I like the long term feel of cloth better, but leather cleans easier. The sport comes with slightly more aggressive wheels, but the tires could be better.

 

What options do you want? You can go completely base with a 6 speed manual. Or you can go loaded with a either a 6 cylinder paired to a 5 speed auto or a 4 cylinder paired to a CVT. Options with either engine can be; nav, moon roof, and adaptive cruise control.

 

You can also get a good deal on a AWD G37, they run a good $7-$8k off MSRP since the new Q50 will be out not too long. Fuel mileage with the G37 will not be as good as the subaru.

 

For good fuel mileage and higher quality, you can get an AWD audi A4. It will run about $10k higher than the subaru.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Contributor
Posts: 94
Registered: ‎09-25-2010
0

Re: Memorial Day sales?


bellrod44 wrote:

Ok, I'm thinking about trading in my Dodge Ram (which I currently know I'm going to be rolling negative equity into a new loan) for a mid-size/small SUV (maybe an Escape). I know I shouldn't roll negative equity. I was stupid when I was younger and leased, blew my mileage out of the water and then took out a longer loan than I should've. I took it out based on payment, not common sense. I've learned my lesson and don't want to do that again. However, I get 13.5 MPG and want something that gets about 20 and still have 4WD.

 

Any ideas? Also, are the Memorial Days sales really that good to justify waiting?


Hi Bellrod,

 

You may want to look into an AWD Honda CR-V - the mileage fits your target (City 22 / HW 30) and it's a reliable car.

 

Check out Edmunds for "Prices Paid and Buying Experience" for people's experiences in purchasing whatever model you input.  I've learned a lot of dealership-specific tips, and tips on timing of purchases. 

 

I'm thinking that a great time to buy would be when the 2014's come in - dealerships will be pushing to get the '13s off the lots.  Supposedly the '14s are coming in at some point this summer. 

 

Good luck!

 

Contributor
Posts: 76
Registered: ‎12-05-2011
0

Re: Memorial Day sales?


Dustink wrote:

bellrod44 wrote:

Dustink wrote:

I am content with my Subaru Legacy. Plenty of space, AWD, and 30+ MPG. I you are set on an SUV, then Subaru is going to be releasing a hybrid SUV probably around Q4 2013.

 

I am a fan of sedan's over SUV's. AWD Audi, AWD infiniti, AWD BMW ect would all be available in sedan's. Decent fuel mileage, plus just nice rides.


I hadn't thought about a Legacy. In all honestly, I've been driving a truck for so long that I think of trucks and SUVs with AWD. Which model Legacy do you recommend with AWD?


I bought the sport, then had a factory looking nav put in. The limited comes with leather, but has fake looking wood trim. The sport has cloth but comes with fake looking carbon fiber trim. I went with the fake carbon and the cloth. I like the long term feel of cloth better, but leather cleans easier. The sport comes with slightly more aggressive wheels, but the tires could be better.

 

What options do you want? You can go completely base with a 6 speed manual. Or you can go loaded with a either a 6 cylinder paired to a 5 speed auto or a 4 cylinder paired to a CVT. Options with either engine can be; nav, moon roof, and adaptive cruise control.

 

You can also get a good deal on a AWD G37, they run a good $7-$8k off MSRP since the new Q50 will be out not too long. Fuel mileage with the G37 will not be as good as the subaru.

 

For good fuel mileage and higher quality, you can get an AWD audi A4. It will run about $10k higher than the subaru.


Great info!!! I'm not set on any options. I don't care about leather. Having a NAV system would be very nice to have for the amount of driving I do. I'd prefer an auto transmission.

Now you've got me thinking about a Subaru. I haven't driven a car since I was 16.

Cards in my wallet: BofA 1-2-3 Rewards - $3,000 (5/2012), Walmart - $350 (9/2012), Home Depot - $500 (10/2012), US Bank - $1,000 (11/2012)
Contributor
Posts: 76
Registered: ‎12-05-2011
0

Re: Memorial Day sales?


BoSox617 wrote:

bellrod44 wrote:

Ok, I'm thinking about trading in my Dodge Ram (which I currently know I'm going to be rolling negative equity into a new loan) for a mid-size/small SUV (maybe an Escape). I know I shouldn't roll negative equity. I was stupid when I was younger and leased, blew my mileage out of the water and then took out a longer loan than I should've. I took it out based on payment, not common sense. I've learned my lesson and don't want to do that again. However, I get 13.5 MPG and want something that gets about 20 and still have 4WD.

 

Any ideas? Also, are the Memorial Days sales really that good to justify waiting?


Hi Bellrod,

 

You may want to look into an AWD Honda CR-V - the mileage fits your target (City 22 / HW 30) and it's a reliable car.

 

Check out Edmunds for "Prices Paid and Buying Experience" for people's experiences in purchasing whatever model you input.  I've learned a lot of dealership-specific tips, and tips on timing of purchases. 

 

I'm thinking that a great time to buy would be when the 2014's come in - dealerships will be pushing to get the '13s off the lots.  Supposedly the '14s are coming in at some point this summer. 

 

Good luck!

 



The CRV is another one that crossed my mind. I need to figure out when the best time to purchase will be.
Cards in my wallet: BofA 1-2-3 Rewards - $3,000 (5/2012), Walmart - $350 (9/2012), Home Depot - $500 (10/2012), US Bank - $1,000 (11/2012)
Valued Contributor
Posts: 3,097
Registered: ‎10-02-2012
0

Re: Memorial Day sales?

[ Edited ]


Great info!!! I'm not set on any options. I don't care about leather. Having a NAV system would be very nice to have for the amount of driving I do. I'd prefer an auto transmission.

Now you've got me thinking about a Subaru. I haven't driven a car since I was 16.


Subaru has really been geared towards fuel economy this year. So, the car won't be real fast, but it is still quick enough. Test drive them and see what you like. I liked the legacy more than the impreza. Both get over 30mpg without trying too hard. They both use CVT's in the standard 4 cyl. Actually kind of cool once you get used to it. 

 

To get factory nav, you have to get leather. I found a factory looking nav online and had it installed after I bought the car.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Contributor
Posts: 76
Registered: ‎12-05-2011
0

Re: Memorial Day sales?


Dustink wrote:


Great info!!! I'm not set on any options. I don't care about leather. Having a NAV system would be very nice to have for the amount of driving I do. I'd prefer an auto transmission.

Now you've got me thinking about a Subaru. I haven't driven a car since I was 16.


Subaru has really been geared towards fuel economy this year. So, the car won't be real fast, but it is still quick enough. Test drive them and see what you like. I liked the legacy more than the impreza. Both get over 30mpg without trying too hard. They both use CVT's in the standard 4 cyl. Actually kind of cool once you get used to it. 

 

To get factory nav, you have to get leather. I found a factory looking nav online and had it installed after I bought the car.


Did it cost you an arm and a leg to get the nav installed?

Cards in my wallet: BofA 1-2-3 Rewards - $3,000 (5/2012), Walmart - $350 (9/2012), Home Depot - $500 (10/2012), US Bank - $1,000 (11/2012)

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.