Tuesday, September 1, 2009

New Car

So a few weeks ago my car died on me. I much as it hurts me to admit this buying that car was a colossal mistake. I 100% bought style over substance. I saw the tan leather interior and sunroof and I was hooked. The truth is i should have looked harder. It was a GM car and it already and 123K when I bought it. I bought it at a little used car dealer and he never really fixed all the things he said he was going to fix before i picked up the car. I spent a substantial amount of money each year just to keep it on the road and it still needed a lot of work. So far this year i had spent just under 2k in repairs. A few weeks ago i took it in and the mechanic gave me a list of all the things wrong with it. He told me I was actually looking at a bill around $2500 to fix everything. At that point i was just really fed up with the whole thing and decided it was time for a change.

I knew i wanted my new car to be an import. I was thinking either Honda Accord or Nissan Altima. Probably an 05 of both of those cars. But then I started to look at the Hyundai Sonata i really liked what i saw. I could could get one younger with less mileage for thousands less than the Nissan or Honda. Ultimately what I settled on was a Kia Magentis. Hyundai owns Kia and the Magentis is really just a re-badged version of the Sonata. A few years ago i would never have considered this but I figured i am going to be starting a family soon and all I really need is a low mileage low maintenance care. Since the warranty is full up to 100k or 5 years I am safe for at least another few years. All i really do is drive back and forth to the GO train and I don't need to have the fanciest car in the GO train parking lot.

One thing i want to mention is that a lot of the smaller used car dealerships do not let you take a test drive anymore. I went to a few places that required me to essentially buy the car before I was allowed to take a test drive. They also wanted a $500 deposit before you can drive it. I had no interest in buying a car I haven't driven so I said no. We ended up buying from an authorized Hyundai dealership. I might have paid a little more but the piece of mind i got was worth it. Also, unlike my previous car I am sure that this car was fixed to spec before I ultimately drove it off the lot.

We ended up placing an add on auto trader and sold my old car for $1300 as is. I consider since it has multiple previous owners, is 10 years old, has 200k in mileage, a major accident, and is still in need of major repairs, the money i got for it was more than reasonable. The dealer had only offered me about $400 on a trade in so i was happy with what i got. I hope the new owner treats it well. Although the car caused me a lot of aggravation it was still my first car and I think i will always remember it fondly.


4 comments:

--Todd said...

Congratulations on your new purchase. I hope your new car treats you well and that it saves you a lot of time and money.

Michael said...

Congrats on the purchase but I have to admit that Canadians are totally getting ripped of when you buy a warranty on a car compared to Americans. A 100,000K warranty equates to just over 60,000 miles and all warranties in the states regardless of the dealer is for 100,000 miles or five years. Just some food for thought. And probably another obvious reason why you should immigrate to the states.

Duane's wife said...

LOL @ mike re: immigrating to the states....barack can't even fix the problems...I don't think so...we will stay here and keep our socialised medicine :) ...anyway, you are right, you guys do get better car warranties than us...and cheaper shipping when shopping online and lower taxes and higher incomes and.....

JAW said...

These guys are worth a look if you are buying a new car.
http://www.apa.ca/template.asp?lang=english

Not that it matters but you might want to take a look at http://www.health.gov.on.ca/transformation/wait_times/wait_mn.html before you brag about our health care. It isn't like 10 years ago.