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| Order Tracking This is a discussion on Decided to not buy a Prius right now -- Gulp! within the Order Tracking forums, part of the Toyota Prius Community category; Thanks to those cooler heads who try to advise us not to get into debt with a new Prius, I ... |
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| Senior Prius Poster Join Date: Oct 2005 Location: Vermont
Posts: 732
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | Thanks to those cooler heads who try to advise us not to get into debt with a new Prius, I have decided to take their advice and do just that after waiting since September for a car which is going to be here perhaps next week. I have never bought a car before without taking out a loan , but this time that is what I intend to do. I think I was somewhat blinded by the Tax Credit and rushed myself into rationalizing that, although I don't really NEED a new car right now, it would be smart to take advantage of the credit. This would be a very good idea if I had enough disposable income to pay cash. It isn't all that smart to finance half the cost of a Package 7 or even 5 in order to get the credit. The amount of interest I would end up paying would be more than the tax credit anyway. This has been very difficult decision for me. Being on Prius chat, learning a lot about the Prius and getting to know all of you has had the effect of making me feel very comfortable about jumping right into buying a Prius weather I have to borrow or not. Perhaps I can save fast enough to have the money for a '07, perhaps not. My Subaru Outback has 128,000 miles on it. I am going to detail it, get the little things fixed I have been letting go and drive it carefully with hope that something major doesn't go wrong in the meantime. I will drive my wife's Honda Civic as much as possible to save gas. Who knows what the next year or two will bring as far as the Prius or other hybrids? I intend to contiune to participate in here -- it is a lot of fun and extremely educational. You are a great group. |
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| | #2 |
| running WOT until out of fuel Join Date: Mar 2005 Location: central NC/ western WI
Posts: 9,081
My Car: 2005 Prius Package: #5 Nominated 5 Times in 3 Posts TOTM Awards: 0 Friends: 21 | aww, that's a tough decision. but good for you, looking before you leap. paying cash is probably the best route as far as saving money. wish we could have done that, the financing thing has been a nightmare. while new cars are fun, they're also expensive and sometimes it's easy to get sucked into the 'fun' and regret the 'expensive' later on. |
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| | #3 |
| Join Date: Oct 2005 Location: Las Cruces, NM
Posts: 161
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | GreenMachine, Congrats! I mean it. What self discipline. It is a tough decision to buy a new vehicle these days. They are way over priced IMHO. The ONLY reason this is a go for me financially is because my company pays me for driving a "new" car. It covers payment, gas, insurance and then some. I know that I'm very fortunate for that too. Otherwise, I'm happy driving a vehicle that's paid for....no matter what it looks like Good luck to you in the future of getting what you want when the timing is right. Your PC friend, Aaron |
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| | #4 |
| Join Date: Oct 2005 Location: Winters, CA: Prius capital of US. 30 miles W of Sacramento
Posts: 2,567
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | I feel for you, as I can imagine how hard it must be---especially at this point---to back away. But you know what's best for you, and we all want that, too. It's always fun when you're here posting. If I were in your shoes, I wouldn't want to be around much over the next couple of months to hear all the "I've got mine!" squeals. Then again, being able to say to yourself that you've done the right thing, it may not bother you. I personally hope to see you here as much as you might want to be. And you can still drive the 3,000 miles for ribs and to get out of the cold! That offer stands. |
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| | #5 |
| Senior Prius Poster Join Date: Oct 2005 Location: Vermont
Posts: 732
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | Thanks for the encouragement everyone -- very helpful to my spirits this new years day as I imagine everyone going to pick up their brand new Prii very soon. Forget the ribs Jack, I might just come out there and ride around and around and around in your Prius with you. :P I'm trying my best not to covet my neighbor's twenty-first century "ass" this morning. |
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| | #6 | |
| Ruler of Omicron Persei 8 Join Date: May 2004 Location: Far-North Chicagoland
Posts: 8,443
My Car: 2004 Prius Package: #9 Nominated 4 Times in 2 Posts TOTM Awards: 0 Friends: 17 | Quote:
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| | #7 |
| Senior Member Join Date: Jul 2005 Location: Boston
Posts: 2,081
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | GreenMachine, I am not sure what your situation is, but if you really want a new car and can afford to pay 500-600 a month, why don't you do what I did. Buy it with a credit card. Get a card with 0%APR for a year and try to pay as much as you can monthly or at least the minumum. That way you will have no finance charges and in case you don't pay it off in a year you can always transfer the balance to another card that offers 0%APR until you pay it off. It would help if you could put some money down up front and you have to make sure you don't miss any payments. Worked like a charm for me. |
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| | #9 | |
| Three cats, one Prius, and assorted humans Join Date: Apr 2005 Location: Albuquerque, NM (SouthWest US)
Posts: 1,810
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | Quote:
btw, I take 0% apr pretty often, but I *always* have the money to pay back if the need arises. And it has happened.
__________________ R2-E2: 2004 Prius, 37K miles, lifetime MPG 57.1 as of 8/2006. Rolling 12 month average: 61.05 | |
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| | #10 | |
| Senior Member Join Date: Jul 2005 Location: Boston
Posts: 2,081
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | Quote:
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