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The deal is, if I trade in, I'll end up financing just a little more than I owe on my current car anyway (didn't get a good deal on financing on it...). Since I already know my Tiburon is not a car I intend to keep until the wheels fall off, I think it would be better to get something more practical and versatile to keep until it's wheels fall off. I'd have it paid off in a few short years, and then, if I get the Honda, that thing will probably see well over 150,000 miles (which in my current average would be 15 years).
Rick V, it's not about breaking even, it's about getting that one car I'll keep until I drive the wheels off of it. Once paid off, cost of ownership will be very low. The Honda Fit compared to my current daily driver has many advantages in that type of ownership, IMHO.
1fastredsc, if there were something in the economy ~$15k range with TDI/diesel, it would definitely be on my radar, unfortunately, I'd have to step up probably $10k more to get to one.
Another part of going with a cheaper car is to get my car note down, so I can apply the saved money there to other debts, then 'snowball' it all up until I'm taking all that money and adding it to my car note to pay it off way ahead of time.
Anyway, nothing is decided yet, but I'm pretty sure that I WILL either end up trading my Tiburon in on something more efficient soon, or I'll keep it until it's paid off and then buy a cheaper, more economic car for a daily driver.
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Matt J.
69 911T Targa - "Stinky"
2001 Boxster "Stahlgewehr"
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