About the Author

Honey's main interests are online dating, long distance dating, and long term relationships. She met her boyfriend on MySpace and they have been exclusive since their first date over three years ago. Currently they live in Tempe, Arizona. Honey graduated with her PhD in Composition and Rhetoric in May 2009. You can contact Honey via email here or online here.

New Car!

No, not for me, unfortunately – but fantastic news for the BF!  He bought a 2008 Dodge Avenger for $15,500 (almost $7K off the sticker price) this weekend.

2008dodgeavenger

Why A New Car

Currently, the BF drives a 13-year-old Jeep Grand Cherokee.  There are several unfortunate things about the car, but the most important are: 1) it gets about 8 mpg on the highway, and 2) it has started experiencing mechanical failure because of its age…in addition to the fact that he’s had to get towed about 3 times in the last 6 months or so, the power locks on the front doors don’t work, nor does the retractable antennae, and thus, the radio.

This is an issue that has been on our radar for the last several months, ever since the first time we had to get it towed. He had about $3K set aside for a down payment.  Originally he’d been thinking that he would spend $7-9K and get a used car, but it turns out that doesn’t buy you much these days.  Neither of us has bought a new car in over 6 years so we were a bit dismayed by how much prices have gone up even for used cars.

The Timeline

So Friday after I went to bed he was watching the local news and there was a story about a Chrystler/Jeep/Dodge dealership that was being liquidated/closed because of the bancruptcy.  The reporter had just bought a new car there and said that they had to liquidate their entire inventory of new cars by Tuesday.  So the BF decided to go up there…originally he wanted me to go with him but I had a pedicure appointment that I couldn’t cancel, so he drove up on his own on Saturday.

When I got out of my appointment he called and said that he thought he was going to buy a car and really wanted my opinion, so I drove up there too.  We had a late lunch while he told me all about the car, then we walked back over to the dealership…it was a madhouse (to be expected) so the salesmen gave him the keys so that I could test drive it, too.  I liked it fine – the only complaint I had was minor – the rear window is tinted dark enough that it’s hard to see out – so we decided to see what they could give us.  The BF and the salesman went back and forth for awhile and then the BF said that he’d take it if they’d give it to him for $15,500 and to our surprise they agreed!

So he ended up with a 60-month contract and the payments are about $300/mo.  The interest rate is about 7% for those of you who find this interesting…I’m sure his credit looks great right now because he recently transferred about $7K to one of my empty credit cards for the better interest rate.  This will mean he pays off his credit cards a little slower but he can still easily afford all his monthly expenses.  He’s going to sell his Jeep (he thinks he can get $3K for it, we’ll see) and is trying to decide whether he should then put that toward the Avenger too and refinance right away, or just put it back in his savings account. I lean toward the latter.

The Car

The one he ended up with actually looks exactly like the one pictured – black (with the sparkles, not matte), with those same rims and spoiler.  It had 210 miles on it and gets 21/30 mpg.  There is, no kidding, a beverage chiller that holds up to 4 cans, the stereo system plays MP3 CDs and also has a 20g hard drive so you can download all your songs into the car and then not have to have your iPOD player in the car.  He also gets SIRIUS radio free for a year.  Apparently the speakers are really nice quality, too, but I don’t care enough about those things to remember what he told me about them ;-)  The front panel of the radio has a touch-screen and slides out to take CDs in and out.

So at least one of us finally was able to cash in on all these fabulous recession deals!

What recession deal would you most like to cash in on?  Leave a comment below and then try these excellent posts:

  • http://honeyandlance.com Honey

    And lest you think we are rampant consumerists who buy, buy, buy, and don’t give back – yesterday we gave a fully assembled desk, small bookshelf, office chair, small shelving unit, and a box of kitchen accessories to a woman and her developmentally-delayed son, who was moving into an assisted living facility.

    She said that she’d tried to get like 3 different sets of furniture off the “free” section of Craigslist, but someone else always got there first. So we held it until she got there. The young man gave me a big hug before they left; we felt pretty good about ourselves.

  • http://casualencounters.com/blog/ Janak

    If I told this story I’d feel guilty. Too many years of “charity must happen anonymously in the dead of night” schooling, I guess.

    Janak´s last blog post…Weekly Roundup – Top 10 Casual Sex Links from Around the Web

  • http://honeyandlance.com Honey

    Well, since I write this blog under a pseudonym, I am still anonymous :-)

  • http://www.thedateabledork.com The Dateable Dork

    Enjoy the new car! The idea of a beverage chiller *in* the car is, well, totally awesome. I am in awe.

  • http://honeyandlance.com Honey

    DD – yeah, he’s quite taken with it too. He was like, “we could put beer in there!”

    Pause.

    “Maybe that’s a bad idea.”

    :-)

    Honey´s last blog post…New Car!

  • http://simonandcole.com Simon

    It’s only a bad idea if the driver is doing it. The open container laws in the states are astronomically stupid.

  • http://20-forty.com lisaq

    I have a beverage cooler in my Dodge Caliber and think it’s the greatest thing since sliced bread! Then again, I love my Caliber all around. :D Congrats to the b/f. I’m sure he’ll love it!

    lisaq´s last blog post…Living, and Loving, Fearlessly

  • http://www.used-tire.net used tires

    Hey that’s great that you guys got a good deal, and the price you wanted, that’s hard to do. You know personally I believe it is a great thing that you guys went with the new car, you really don’t want a used car anyways, it was only going to give you even more headaches in the near future.

    I haven’t really cashed in on any recession savings :( or maybe I just haven’t noticed that they were savings?

    Till then,

    Jean

  • http://www.cashbackrewardcreditcards.net/ Cash Back

    Jean I know what you mean about problems with used cars. My girlfriend went through 2 brutal used cars before finally giving up and buying almost new. If she had done that in the first place, she would’ve saved a lot of money, time and stress.

    The new Dodge Avenger looks sweet Honey. Is the BF going to let you drive it at all? Hopefully not just when he’s taking advantage of the beverage chiller. Boy would that mini fridge come in handy on long summer road trips. I am jealous.

  • http://honeyandlance.com Honey

    I am with you, Jean and Cash Back. For used cars it looked like we could go with his original budget and buy a car that was comparable to the one he had (in which case what was the point) or just up our budget some and get something reliable.

    I’ve already driven it a couple of times, Cash Back – once on the test drive and then I drove it back from the dealership when we went to pick up his old car the next day. A nice 45 minute spin on the freeway – it was nice!

  • http://casualencounters.com/blog/ Janak

    Truthy. BUT DISINGENUOUS ZOMG@!(*$&!@(*#&$!

    Janak´s last blog post…Bondage.com review

  • http://honeyandlance.com Honey

    Having grown up poor, I guess I am not familiar with the norms surrounding giving.

    I do remember one year my mother won a drawing for a Thanksgiving dinner with all the trimmings…turkey, gravy, rolls, green bean casserole, potatoes, dessert, you name it.

    I think that she regarded this as one of the best things to ever happen to her. We couldn’t afford Thanksgiving dinner otherwise. It was great!

  • Jordan

    You simply have to be able say ‘no, thanks at that price’ at least once to the dealer. This gives them a strong message that you are serious about your research.

    You should also bring a piece of paper to the dealership and make sure you do all the math of the finance calculations yourself. The point is not that they will do the math wrong. The point is you will see exactly how the deal is structured. Do not be afraid to take the time to do this or look like a fool for mapping out your car deal in the dealership.

    My dad swears by this process, http://tinyurl.com/knflt6

  • http://honeyandlance.com Honey

    Thanks for the tip and link, Jordan! I think the BF was somewhat at a disadvantage because he honestly didn’t think he was going to buy a car that day, but then the fact that they were liquidating and the fact that his bank was doing the financing helped.

    Originally our salesman had quoted a price of $17K, and then there was a lot of back and forth and stalling. The BF actually made him leave the little inside “thinking area” for 10-15 minutes so he could work it out in his head. Then when the salesmen came back the BF said, no way could we do that price, and the salesman said what can you do? He said $15,500 out the door and to our surprise they agreed!

    Sadly, this makes us think we should have offered $15K but really that much wouldn’t make a difference in the monthly payments anyway. I’ll definitely be very price-conscious when I buy my next car, though the hope is by then we’ll have moved to a new city with great public transportation and I won’t need one at all.

  • http://www.gasolinecreditcards.net gas card

    That’s awesome and congrats on the new car, It’s a great feeling driving around in a new car, personally I would be showing it off and everything! hehe.

    Will your purchase of the car apply for the “Cash for Clunkers” bill that was signed?

    -Randy

  • http://www.odzyskiwanie.com.pl Odzyskiwanie Danych

    15k?! That’s insanely cheap! I’m so envious now – I can never get a good deal, I usualy get to dealer and immidiately settle on whatever price they offer me. I’m terrible at that.

  • http://honeyandlance.com Honey

    Yes, it was a great deal – the BF and I are not fantastic negotiators, either, which is why we went to the liquidation sale in the first place – we knew the start prices would be lower.

    And we were helped by the fact that we honestly couldn’t have afforded to spend a penny more than we did! So it wasn’t so much negotiating for the best price as much as it was, “Hey, you’re liquidating – here’s what I can afford to spend, max. Do you have any cars I can afford?”

    Turns out there were two – the second one was actually cheaper than this one, but the BF decided to max himself out and get what he wanted. He’s never had a car that wasn’t already *significantly* “used” when he got it, so this was quite a treat for him.
    .-= Honey´s last blog ..Get Fit and Improve Your Dating Prospects =-.