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Re: Opinions on New Car
If you insist on financing a vehicle buy one that is 1-4 years old it will usually qualify for a banks new car financing APR and quite a bit of the depreciation has been taken out of it. The second you drive a 2011 vehicle off the lot you are instantly upside down. Good negotiations on a used vehicle 1-4 years old will ensure if something catastrophic happens in your life you can dump the car in favor of something cheaper.
Also in that same price point 3-4 years old you can get a sporty luxury car like a Acura TL, Lexus IS or Infiniti G35. The great thing about luxury vehicles is they tend to depreciate less and are usually driven and maintained better then there non luxury counterparts.
Oh and if repairs are a issue and you are buying a car for the warranty if you buy a used car from the vehicles manufacturer dealer there are usually warranty options available. Even if you don't there are some good extended warranty programs out there that for 1500-2000 more will give 5 years bumper to bumper excluding normal maintenance (brakes, tires, oil changes, batteries)
Just some food for thought....
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"There is no worse tyranny than to force a man to pay for what he does not want merely because you think it would be good for him." – Robert Heinlein
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