We're picking up a new Mitsubishi Lancer 2003 today (11/18/02). Mitsubishi has a deal where you don't have to pay any interest and payment until February 2004!
. . . oh, and the car runs good!
It's a relatively new model Mitsubishi car, so even the Comsumer Report (on-line) thingy doesn't have too much information on this car. I car most about safety and reliability. Don't car too much about power and how much time it takes to go from 0 to 60.
I'm also concerned about rust and body stuff. We tend to keep our cars until die. I hope to keep this car for about 7 to 10 years.
Any comment are welcomed!
Thanks ahead of time.
Nov 18, '02
Originally posted by NurseDennie
I've never actually had a mitsu, but I've had friends with them. One of them was considering trading her sedan, and was asking a mechanic about it. He told her he'd never seen one actually die of natural causes. I thought that was pretty good.
And that Miata is the CUTEST car on the road!!!
I've heard about that interest deal. Not to question your decision, but when I thought about it, I couldn't see ME starting to make payments on a 2-year old car. I hardly ever get a brand-new car anyway, but I might be getting sick of it after 2 years. Also, *I* (obviously this is just me) would be nervous/unhappy about owing more for a car than it's worth. But that's just me. I prefer not owning at all, but that's hardly practical, quite often.
I have debts that would make your head spin!
We tend to keep our cars/trucks/vans until they die and/or rust away. With this in mind, I don't really care about the resale value of our vehicle (sp?). We're looking at the "no payments/no interest until 2004" like this: we were planning on purchasing a new(er) car when our one Saturn car loan was up a year from now. Instead, with this deal, we can have our Saturn and Mitsubishi too.
You're correct about the "owning a car that's worth less than the loan" thingy, though. Especially with regard to insurance coverage if we should ever be in an accident a couple of years from now. We're probably going to start payments sooner. . . but at least we have the option of waiting.
Cheers! and thanks for all of the encouraging posts to this thread. I'm psyched!
Varroooooom. . . .
Last edit by Ted on Nov 18, '02