Thursday, January 22, 2009

Repair vs. Trade

Last week I took our Subaru to the dealership because there was a small gas leak in the engine and fumes were coming into the car, not the best thing to have with a newborn. So the shop said they could fix it, oh and by the way there's all this other stuff wrong too and it will cost you $2700.

The Kelly Blue Book value for the car is $3250, only $550 more than the cost of the repairs so I decided that it didn't make much sense to dump that money into repairing it but it would be better to put that money towards another car.

Dealerships in my area of New York are a lot like other places in the country only it has New Yorkers as the salesmen. So imagine a car salesman with New Yorker attitude showing you cars that you sort-of like and telling you that they are making you a huge deal on it and that you would be missing an opportunity if you don't act on it right now.

I went to five different dealerships and each one of the them want your contact information before they will talk to you about a car. This way if you leave without buying something they can send you a letter in the mail and call you to try and get you to back in there to sell you a car you don't want.

I finally found what I was looking for on day 2 of looking but it was a lot more than I wanted to spend. I couldn't get them to budge any further on the price so I left and told them I would think about it. This gave them license to call me twice the next day to see if I was going to come back.

I waited 2 days before heading back and making the deal. In the long run we decided it was better to spend the money on something that we really liked and that would hold it's resale value longer than the cheaper cars out there. I bought a certified used Nissan Murano from the dealer in Newburgh, NY.

I signed the papers on January 20th and in the middle of the process we stopped to watch Barack Obama take the oath of office. It will be an experience I won't soon forget.

No comments: