re: Buying, Owning, Driving and Maintaining a car in North America Quote:
Originally Posted by rajushank84 brand new Acccord, it worked out to around 24k and he's taken a 5-yr loan for it. That got me thinking along the same lines, though a 3-year loan (or max max 4 year) would be more my cup of tea.
Well, I discovered one surprising thing: Top-end subcompacts and base-model midsize sedans are priced almost the same!!
This gets me thinking: Why does anyone go for a Civic/Mazda3 top-end models? Why not base Accord/Mazda6 instead?
test-drive :
- Mazda3
- Mazda6
- Civic
- Accord
- Focus
- Golf
I initially had dreams about Fiesta but too many articles/reviewers say that it is underpowered at 120hp.
Comments are welcome. |
You haven't considered dealer markups, taxes, fees and features as well as power. A civic is 1.8L while accord is 2.4L. Power, efficiency everything is different. The difference is still approx $2k-$3k when considered feature by feature. The best selling cars always has markups upto $10,000. Example, A camaro 1LT v6 is $26k, they add dealer mark up of $6000 and then add taxes and fees. So you are looking at $35k for a $26k car. This is a hot property right now and they won't even give you a second look if you are not ready to pay dealer markup. Previous version civic had a mark up of $2k. Corolla had ~$2k mark up which my friend bought 4 months back. He paid $19k for what essentially was a $16k corolla.
I would suggest not consider new cars. 20% depreciation out the door is huge. Pre-owned are your best bet. Get a 2008 BMW 328i for same price as a brand new civic. Does that sound lucrative enough? No, how about a mustang GT500 for price of a mid range accord? Still not good enough? How about a 2009 370z for price of a mid range civic?
the difference you mentioned, it is true for all segment. If you consider top end model of accord v6 which is approx $32k, you will enter Genesis/G35/TL/325i/c/IS category which starts around $30k and goes upto $45k.
When i was in market, i thought same as you. I can get a 33k camaro v6 RS edition for 5-year loan at 2.9% interest. Just have to pay $350-$400 a month. But i didn't, instead, i decided to get a 2005 G35 for just $13k and pay loan of $200 and still enjoy one hell of a performance sedan for half the price and then some more.
I drove focus and fiesta. Its cramped, poor interior quality and engine power is not enough on freeways here. Mazda 3/6, Accord are good family cars. Golf GTI is awesome to drive, but it is priced around $25k which is very expensive imo. Quote:
Originally Posted by kraft.wagen US is a paradise for pre-owned cars, I wouldn't really suggest you to go for one. I would stay away from the Focus be is pre owned or new, reliability being a major concern and also the interiors looks tad too cheap.
Again like I said before, fix a budget and then you can ponder over the enormous choices you have here for your budget. |
I agree with you 100%.
Last edited by chevelle : 8th October 2011 at 03:51.
|