Getting a loan for an older used car?

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Postby Vermonster » Sat Dec 15, 2012 11:21 pm

Thank you 99. I feel like if this was my car and my money I would a little more uptight about certain things. I am in no way letting my girlfriend get ripped off, but they say you can only lead a horse to water. Please don't tell her I called her a horse :P

We went back to look at the car today. When comparing this car to others up to 50 miles away, this is a clear winner. I don't know of many cars that hold their value like these. Even private party deals are going for $9k+. Chase wouldn't approve us for a Private party sale so we got a little screwed there.

We have 2 things working against us right now. 1) She needs a car to go to work, and she needs it last week. I've been driving her both ways, but I started working 3-8 so I can't pick her up. 2) Supply is low and demand is high for these cars.

Half of the document fee is all of the paperwork that we would otherwise have to do ourselves, so that's ok. I tired to get them to drop the price of the car $100 to save a bit on the taxes but they wouldn't budge. They had already taken a second deposit on the car if we decided we didn't want it.

In the end my girlfriend made the decision to purchase and we'll be finalizing on Monday. I feel like she knows she put herself in a corner before we stepped on the lot. I think she learned a lot from this experience, and if it costs a couple hundred she'll be more inclined to remember for next time.

Again, thank you all for the help. I'll be back in a few years if/when I need to replace my Subaru.
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Postby trumpet-205 » Sun Dec 16, 2012 12:10 am

Honda and Subaru holds their value, mainly due to low supply and high demand.

Nice to see you settled the deal. Honda Fit is a good car for subcompact family, and much better than Toyota Yaris.
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