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New Account and New Car?

March 29th, 2012 at 02:08 am

We have been jumping through hoops to open a new account at the credit union associated with The Husband's employer. The hoops are high and small... it's been challenging! But I think once we get into the groove it will be worth it because the interest rates are very good. We will need to monitor, though, because if we don't follow all the rules we could get charged. Crazy. But for us, it will be worth the better interest rate, I think.

We've been putting off shopping for another car for a long time. I think we might be getting close to actually admitting that we need another car AND doing something about it. The Husband has been texting me links to Craigslist cars all day!

We currently have two cars. One is 14 years old... the commuter... it's a Toyota, not pretty, but pretty good gas mileage. Swimbabies drive it most of the time. The second car is nearly 9 years old... not great gas mileage, but it can carry the whole family and it's in really good shape. We are looking at a very nice (used, German) car that will become the commuter for the adults so that the swimbabies can take over the other one. We'll pay cash, except perhaps $1000, which we will finance and pay off quickly, mainly just for documentation on the credit report.

Of course, this doesn't mean we'll have another car anytime soon. When we bought the last car, it took us at least a year to make a decision.

Happy Wednesday!

3 Responses to “New Account and New Car?”

  1. snafu Says:
    1332986308

    Would you expect to buy a new car or one that has been depreciated by two years? What is the plan if the car you use becomes unreliable? Does this increase in gas at the pumps influence these decision?

  2. Swimgirl Says:
    1332993402

    Not a new car... probably 4-5 or more years old, but with less mileage than our cars. We are currently considering 2006 model with 100,000 miles on it. It's a Mercedes, we have experience with this make, and we will negotiate on the price.

    The gas prices have definitely given us a little push to look into this sooner than later. And both our current cars have over 200,000 miles on them. We expect them to keep running just fine, but don't really want to rely on them for commuting to work. They will be great for around town for years to come, we expect.

    Plus, we now have 4 drivers, not just The Husband and me. And two cars was fine when he took one to work and I had one home with the kids. But now that we are both working, we are feeling the need to have one car that the teen drivers can consistently use to help cart the other swimbabies to their activities.

  3. Jerry Says:
    1333136777

    It is hard when the kids get older and it leads to more demand for the vehicles, and planning can become an issue to get everyone where they need to be! I hope that the new-to-you car works out well with good mileage and no major hit to the car insurance. Good luck!
    Jerry

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