Sorry for the delay, guys... I've certainly had lots to do...
Anyway, yesterday morning, I test-drove the Jetta. I must say it drove nicely and I missed driving it rightaway. The only thing is it didn't have alloy wheels (I thought it did) and it also didn't have a moon/sunroof. Other than that, it was great and felt like a brand new car. I thought about it and thought about it, and I ended up, get this...picking up a '95 Mercury Cougar XR-7 on ebay late yesterday. It's an 8-cylinder, has 86K miles on the clock and is located near Pittsburgh, PA (it's actually a dealer). It looks nearly mint, even in white (a color I generally dislike), and even the interior looks really nice. Came out to $2650. KBB lists it for ~$4200. If it drives the way it looks, I'll be able to drive it for two to three years and then get something newer.
I figured that since it's my very first own car, I might as well not get into financing and full insurance on a nearly new car and get something I won't worry about too much. Like this, I won't worry if anyone bangs it up on the street, which is inevitable here in Brooklyn. I was planning to finance $10K over 48 months for the Jetta, btw.
The Cougar may have been a strange choice, especially after being so set on a Jetta and you're probably asking yourselves why in the world I bought one. Well, when I first came to the US, my cousin was driving a '92 Cougar (it was a 6-cylinder model), and I got to spend a lot of time in the passenger seat of that car. He was around 19 then and he abused that car. Yet, I was so impressed by the way it drove and handled that it stayed with me 'til this day. He would drive down these small streets and make really sharp turns very quickly and I didn't feel like the car was even tilting to the side. I found it to be very stable on the road and even with the 6-cylinder engine that car was fast. My aunt and my younger cousin are still driving that car today (and this is after it's been abused and crashed and driven for nearly 200K miles), so I figured it'd be a good first car...one that's realatively inexpensive to fix if anything went bad.
Anyway... I'll probably drive it for about two years and than pass it on or sell it, at which point I may decide to get an used 2004 Jetta GLI or something like that... So, expect another one of these "what do you think about this Jetta" threads again in 2006. 😉
Meanwhile, thanks to all for their input and happy holidays...