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Redfin 
LSU Fan
Member since May 2011
103 posts
| Car note (Posted on 1/27/13 at 10:24 pm)
What is a reasonable car note for a 48-60 month loan? I am about a year out of school and really need a new car. I'd like something with very little maintenance for the next 5 years.
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Will Cover 
Nebraska Fan
Colorado
Member since Mar 2007
22442 posts
| re: Car note (Posted on 1/27/13 at 10:25 pm to Redfin)
How much cash do you have saved up?
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Redfin
LSU Fan
Member since May 2011
103 posts
| re: Car note (Posted on 1/27/13 at 10:27 pm to Will Cover)
A couple of grand.
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jso0003 
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4454 posts
| re: Car note (Posted on 1/27/13 at 10:27 pm to Redfin)
Buy a 2-3 year old certified pre owned Honda Accord and dont finance for more than 3 years.
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LSUTigers00884 
LA-Lafayette Fan
Lafayette
Member since Oct 2011
617 posts
| re: Car note (Posted on 1/27/13 at 10:41 pm to Redfin)
If you focus on the note per month, car salesman won't give you the best deal. Just worry about the best deal you can find and you'll be fine. Also big down payment will help with a lower note.
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Vols&Shaft83 
Tennessee Fan
Member since Dec 2012
3074 posts
 Online
| re: Car note (Posted on 1/28/13 at 5:57 am to Redfin)
Get a Honda or Toyota, 2-3 years old, pay cash if you can, and drive it till the wheels fall off. I hit 300K on my Toyota this year, last mechanic that looked at says I haven't even broken it in yet, lol. Pay yourself a car payment.
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Will Cover
Nebraska Fan
Colorado
Member since Mar 2007
22442 posts
| re: Car note (Posted on 1/28/13 at 6:19 am to Redfin)
With only a couple of grand to spend, you don't "need" a new car. You want a new car.
If you were to go unemployed, how would you pay for your car note?
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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
3074 posts
Online
| re: Car note (Posted on 1/28/13 at 6:26 am to Will Cover)
quote:
With only a couple of grand to spend, you don't "need" a new car. You want a new car.
If you were to go unemployed, how would you pay for your car note?
Pearls of wisdom here, PEARLS. Listen to the masturbating duck.
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saderade 
New Orleans Saints Fan
America's City
Member since Jul 2005
19679 posts
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I would probably go with a Honda or Toyota, 4-5 years old until you get financially established for a year. You could always upgrade
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EA6B 
Navy Fan
TX
Member since Dec 2012
234 posts
| re: Car note (Posted on 1/28/13 at 9:50 am to Redfin)
As many have said save up the cash and by a good used Honda or Toyota. My kids have purchased Civics and Accords in the 6-8K range and driven them for years with few problems. I have bought Toyota trucks with over 100K miles on them and put an additional 100K with no issues.
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Motorboat
LSU Fan
Baton Rouge
Member since Oct 2007
4869 posts
Online
| re: Car note (Posted on 1/28/13 at 2:34 pm to EA6B)
quote:
I have bought Toyota trucks with over 100K miles on them and put an additional 100K with no issues.
This. I haven't had a note in years and I have fun on the savings. i.e. I use the money I would have for a note on hookers and blow.
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