Hi!!
Sorry for being silent for these days. Was traveling to and fro from Jamaica and been quit busy .
Quote:
Originally Posted by chevelle
The cash you have can go into down payment for two cars. If you need both cars immediately, you will have to split that in 5k each. That is good enough to get you good quotes and good prices.
Some options that you can consider are - Nissan Versa (sunny in India), Honda Fit (Jazz in India), Ford Fiesta hatchback/sedan, Hyundai Elantra. These are around $15k brand new. GM Sonic is the new hatchback but i don't like it somehow. It is a good car but i would prefer fiesta hatchback or fit. VW Jetta is also similarly priced but it has lost its interior quality for that price and that may be a deal breaker. For me it is.
You haven't mentioned how long you will be staying there. I guess since you are getting new ones, you are in for long haul. Otherwise consider used one if you are not staying for long. Less painful while selling, less heavy on pocket and can easily sell once you are done with it. |
Thanks Chevelle !!
The idea is of relocating for ever as told to me or till the time the economy takes a turn or till I am fired . Thats the deal for now. I will start working from October 2012.
The point is of having two cars , cheap, and lease / mortgage not to be above 600 usd pm combined together for both.I have 10 K for the cars for the initial DP. I am not concerned about loss during selling etc. Can take the hit.
Keeping the above in view ,now can you re-guide me please.
NinadJoshi to Answer your queries
NAJ, few quick questions for you before I can make recommendations:
(1) Your duration of stay (short term ~1yr, mid-long ~1-3 yrs, long >4).
-- > 4 years.
(2) Your expected commute.
-- 20 miles each car/day avg.
(3) Seating expected (family of 3? 4? 2?)
-- family of 3
4) Expected usage (will you use your cars for long distance pleasure driving or rental ones?)
-- Office commute with some long distance traveling . Daily run about for the spouse.
(5) Cash on hand =10K, but whats your budget for both cars combined? The cheapest cars will cost in the mid to high teens...are you ready to sell out 40K for both cars in one shot?
-- 40k -No not at all. Down payment is 10k for both combined .Monthly lease/Mortgage - 500 to 600 max for both not each.
(6) Your spouse's driving status (licensed to drive in the US?)
-- Should not be a problem
(7) Have you had any previous car purchase in the US, from previous trips?
-- Nope
(8) Do/will you have an SSN?
-- Yes will have
(9) Your priorities: Power/performance/fuel efficiency/amenities etc.
-- One car to have FE and amenities. Second to have some good power /performance.
(10) DO you have a brand bias?
-- Yes. no hyundai's,suzuki's and kia's please.
(11) Time frame of purchase.
-- November Onwards. I will get the company ride/car for the first few months.
(12) If possible your location of stay.
Macon County- Springfield area.
Hope the above will help you in suggesting me with something exciting.
BTW will the Fiesta hatchback and the Honda CRV fit the Bill.
Cheers.