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Buying a car - bigbumble
March 25th, 2009
07:08 pm


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Buying a car
When it was time to return home from my trip to the national model rocket convention, NARCON, I arranged for a rental car from Detroit Metro Airport to my home town of Otsego, MI. My personal car, a Chevy Lumina, died on the trip out. Hence the need for a rented car.

The rental car return is in the same building as one of the local auto dealerships. I had been checking out this particular dealership because it sold the kind of minivan I had been thinking about buying for the last two years. You see I have had the money-in-the-bank to buy a new car for the last couple of years. I wanted a minivan that was big enough to get my tricycle (see userpic) to the shop. (I looked at alternatives, such as trailers and car top carriers, but they were impractical.)

Monday I called the dealership and told them the sort of vehicle I wanted and that evening I went in for a test drive. I test drove the car and $4,000 worth of rebates brought it into my price range.
"Fine, I'll take it. I can have a bank check to you tomorrow."
"Er, ah, for the last $1,000 rebate you have to use credit union loan or use a credit union draft to pay for it."
"Say what?"
"Or you could use our corporate zero interest car loan."
"But, I want to pay cash!"
I argued to no avail. We spent an extra hour in the dealership filling out an application for a zero interest, no down payment loan that I did not need. If I didn't, I would have to pay an extra $1,000.

I picked up the car last night. A spiffy Chrysler Town and Country with all kinds of fancy gizmos. So far I haven't paid a penny for it, not even a deposit.

No wonder the car companies are going broke.

Current Mood: confusedconfused

(6 comments | Leave a comment)

[User Picture]
Date:March 26th, 2009 12:22 am (UTC)
Welcome to the world of Town & Countrys.
Have fun.
[User Picture]
Date:March 26th, 2009 12:30 am (UTC)
If the loan doesn't have a prepayment penalty, you could pay it all off now and get it out of your hair.
[User Picture]
Date:March 26th, 2009 09:24 am (UTC)
I asked about that. I can pay it off in full after 91 days.
[User Picture]
Date:March 26th, 2009 01:00 pm (UTC)
Put it on your calendar :-)
[User Picture]
Date:March 26th, 2009 05:47 pm (UTC)
When we go carshopping, we bring the double bass to see how well it's supported. (Then we test the ground clearance / off-road capability by pulling into our driveway.)

Beside the Honda Element (like Casey the Bass Case), the Ford Escape and the Jeep Patriot are our short list right now.
[User Picture]
Date:March 26th, 2009 05:48 pm (UTC)
Keep the original money in the bank, set up automatic payments. Keep the 1% or so of bank interest to yourself.
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