My January goal was to blog a little every day, and I've already muffed that up. Ha! My last post was February something, and now it's March 8th. But I'll keep trying!
So let's see, what's been going on?
John got a "new" car recently! It's a lovely '05 Honday CR-V with 4-wheel drive, moon roof, 6 disk CD player... It's very nice. I say "new" in parens because it's a used car, but new to us. We got a really good deal on it, we think, and he totally loves it. We want to get rid of his old, crappy Isuzu Rodeo now, but we're not sure what to do with it. I'd like to sell it and make a little money but I'm not sure anyone will buy it. I guess we could try posting it on Craigslist and some other sites. We'll see.
I got my old car! Yay for me! My lease was up this year and I could either a) Trade in my car and get a new one, either buy or lease again, b) Buy the car I was leasing, c) Turn it in and say - I'm done, you have it, and then get something else to drive.
Well option a) was out because dealers were only willing to give me like $6,000 or so on my trade and I owed $7700. Nope, no thanks, don't want to be upside-down on a car. Option c) wasn't a great option either, as to do so we'd have to pay some sort of turn-in fee of $400 or so, plus a charge for the number of miles I was over on the lease. I wasn't very much over, about 300 miles or so. Even so, to pay these fees and then still be out a car, and have to work out buying something else wasn't a very good option at all. So it was b) - buy the damn thing.
And buying it actually worked out very much in our favor. Even though the dealers would only give me $6,000 or so as a Trade, it's actually worth about $10,000. If I bought it on a lot that's about what I'd pay for it, maybe more. So to buy it for $7700 is pretty awesome. I'm not upside-down on a car loan! Hooray! And in addition, I feel good about the financing. My original lease was with Wells Fargo who gave me a quote to buy it and sent me ppwk, but when I went to go to a branch to sign the ppwk and get it notarized, the person there who was the notary didn't even acknowledge me. The other staff did, but she didn't. She was helping someone, but he kept making calls on his cell. Apparently he couldn't seem to get some loan he was applying for and she was giving him the numbers and addresses even of the 3 big credit report companies, and he was asking her all sorts of weird questions and telling her his life story, and it was like - seriously? This guy can't get approved and is going to sit at your desk to try to talk his way out of a bad credit score, when I'm sitting there waiting for 20 minutes just wanting to sign some paperwork so that I can pay you money on a loan I'm already approved for, and you can't even acknowledge me? Frakkin (Bleep!).
So I called our Credit Union, who had agreed to finance us for the CR-V (but we actually went with a different lender) and asked if they'd finance the Honda Civic lease buy-out instead, and we got a lower interest rate with them by 3/4 of a percent! So suck it Wells Fargo branch on (approx) 32nd & Camelback!
Yeah. That's my story.
-A
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