That's the result of massive depreciation after the brand died...This seems to be a pretty damned nice car for $4000
Originally posted by: Pciber
I am thinking of buying a car thursday.. but I am still a little bit indecisive. Right now I am living with my parents (hey, its ok, i'm only 18), and use their vehicles most of the time... but my dad is getting annoyed because his yukon is getting too many miles on it, and he wants it to last (he is disabled due to a hit and run accident, and medically retired. He stopped driving due to the accident.. the yukon makes trips comfortable for him and can hold his wheelchair). I need to get my own car eventually, and i'de prefer to have one when I go to a 4-year university in ~1-2 years (finishing high school and an AA degree at the community college right now). Now seems like a good time to start payments on a car, so I can pay it off sooner. Yes, i could always save up money and buy it with a huge down payment, or entirely in cash, but i wouldn't build credit in the process, and i wouldn't have my very own car to drive, either!
Ok, now on to the car. Its a 1998 Oldsmobile Intrigue (note, thats the exact car).. 102,000 miles on it, 3.8L v6, ABS, 6-cd changer, red... $4000. This seems to be a pretty damned nice car for $4000. I've test driven it, it rides smooth and fits comfortably (i'm 6'6" and 300lbs), and I had my Uncle, a former GM certified mechanic, check it out - he says it looks mechanically sound. He also reccomends the 3.8L engines, as they are supposed to last longer.
for this $4000 car, I would put ~$300 down, and take out a 24-month loan for the rest. Since I have no credit, good or bad, my parents would have to co-sign, and they are fine with that. Payments would be ~$160/month, plus maybe $120 a month insurance (cheaper than normal because its combined with my parent's plan), and ~$40/month gas. So that is $320 a month for this car, and I make anywhere from $360 to $600 a month (after taxes), depending on how many hours I get at Circuit City. I expect that to go up soon, as summer is just weeks away and I will be able to work more hours, plus I might take on a second job at a security company a friend is starting. I think most of my extra money I would just dump into paying off the car faster.
Now, I ask you: Do I really need a car right now? should I save up and keep looking? Is this the right car to buy?
-Dane
Originally posted by: redly1
anyone who praises the 3800's reliability hasn't had the Intake Manifold bust and fill the cylinders with coolant (and the $800 fix to correct it)
that said, if I were to buy a car with a 3800, I would get the $50 aftermarket upgraded part, fix it myself, and then have a rock solid reliable motor
Originally posted by: SampSon
I'm not sure I would buy an olds with over 100K on it for 4K. I would say there are better deals out there for you.
I'm not sure where I mentioned a civic of corolla, or anything similar. Don't make assumptions.Originally posted by: FrustratedUser
Originally posted by: SampSon
I'm not sure I would buy an olds with over 100K on it for 4K. I would say there are better deals out there for you.
The guy is 6'6". He needs a roomy car so a Civic, Corolla or similar ain't gonna cut it. It's not a bad deal.
Originally posted by: dandruff
in a hurry .. but for $160 pm i think u can do better ...
Originally posted by: RaynorWolfcastle
Strike 1: It's an Oldsmobile. The brand is dead, that's probably not too good for part availability if you do need to make some repairs. Its a GM. Olds parts = Pontiac parts = Chevy parts for the most part
Strike 2: It's got 102k miles on it. I'm not a mechanic, but I wouldn't buy a GM that has 102k miles on it unless it was very temporary Agreed. My main concern would be the tranny. Have that beast looked at carefully, bad tranny = you stuck somewhere & mucho repair bills
Strike 3: You only have $300 to put down on it? I'd save up a little more and forego the loan.Try to get the parents to "loan" you money. That way you're not in debt to a bank. If you want to build credit, get a CC.
I say pass on this one.
edited my speeling
Originally posted by: Pciber
I am thinking of buying a car thursday.. but I am still a little bit indecisive. Right now I am living with my parents (hey, its ok, i'm only 18), and use their vehicles most of the time... but my dad is getting annoyed because his yukon is getting too many miles on it, and he wants it to last (he is disabled due to a hit and run accident, and medically retired. He stopped driving due to the accident.. the yukon makes trips comfortable for him and can hold his wheelchair). I need to get my own car eventually, and i'de prefer to have one when I go to a 4-year university in ~1-2 years (finishing high school and an AA degree at the community college right now). Now seems like a good time to start payments on a car, so I can pay it off sooner. Yes, i could always save up money and buy it with a huge down payment, or entirely in cash, but i wouldn't build credit in the process, and i wouldn't have my very own car to drive, either!
Ok, now on to the car. Its a 1998 Oldsmobile Intrigue (note, thats the exact car).. 102,000 miles on it, 3.8L v6, ABS, 6-cd changer, red... $4000. This seems to be a pretty damned nice car for $4000. I've test driven it, it rides smooth and fits comfortably (i'm 6'6" and 300lbs), and I had my Uncle, a former GM certified mechanic, check it out - he says it looks mechanically sound. He also reccomends the 3.8L engines, as they are supposed to last longer.
for this $4000 car, I would put ~$300 down, and take out a 24-month loan for the rest. Since I have no credit, good or bad, my parents would have to co-sign, and they are fine with that. Payments would be ~$160/month, plus maybe $120 a month insurance (cheaper than normal because its combined with my parent's plan), and ~$40/month gas. So that is $320 a month for this car, and I make anywhere from $360 to $600 a month (after taxes), depending on how many hours I get at Circuit City. I expect that to go up soon, as summer is just weeks away and I will be able to work more hours, plus I might take on a second job at a security company a friend is starting. I think most of my extra money I would just dump into paying off the car faster.
Now, I ask you: Do I really need a car right now? should I save up and keep looking? Is this the right car to buy?
-Dane
Originally posted by: phantom309
102k/mi is nothing for a Honda, Toyota or Nissan - but in an American car all bets are off after 100k.
Originally posted by: phantom309
102k/mi is nothing for a Honda, Toyota or Nissan - but in an American car all bets are off after 100k.
