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Bought a car!

July 8th, 2010 at 06:40 am

Well, the insurance confirmed they won't be covering anything with my car incident. I figured as much, but they wanted to check the car out anyway. If there had been any true fire damage or body damage, they would have paid something out. So basically I was left with a not working car.

The car place gave me $500 for the car. Given the car was 9 years old with 88.5k miles on it and the blue book value for that car in 'pristine' condition was $1700, I"m very happy getting $500 for a car without a working engine.

I did have to take a loan to buy the car (booo). The loan is 0% and is 4 years. I hope to have it paid off in 2. I am going to be working very hard to minimize my budget & throw all I can to my debt.

This is not the most ideal situation (I would have wanted to pay cash) but I am already starting to plan for future car expenses/purchases. I won't be surprised by circumstances again.

In other news, I've packed breakfast, lunch & snacks every day of work until today. I didn't get home until late due to the car buying and I was so stressed from this week I just sat on the couch for an hour then went to bed. So I bought breakfast today ($1.05). I have peanut butter crackers & cottage cheese for lunch & popcorn for snack, so I'm cool wtih that.

I will be reworking my paycheck budget for the 15th and my monthly standard budget for the rest of the year to add in the car payment & extra payments. That should be fun.

I also have a few things to put up on Craigslist. I want to use the extra cash for the vacation week that I have scheduled in 2 weeks. I am selling some dvd sets, a wireless router, a cookie press and some other things. Wish me luck!

And lastly, I am back to doing my 5 Things lists. Here are 5 things I will accomplish today:

1. Add new car to insurance
2. Take pics & put up ads on Craigslist
3. Change sheets, put away clean laundry.
4. Pack food for tomorrow
5. Deposit rent check in bank & make payments/transfers as budgeted for the rental income

8 Responses to “Bought a car!”

  1. creditcardfree Says:

    Good luck with your craigslist sales!!

  2. boomeyers Says:

    Did you get a new one or a used one??

    Hope your sales go great!

  3. scottish girl Says:

    good luck Smile

  4. HouseHopeful Says:

    I did buy new. First time ever, as I'm a big fan of used cars. I did look at the used lots, but I did not see anything that suited my needs (not a luxury car, not SUV, non with relatively low mileage and with little previous problems/damage). I know it sounds picky, but I didn't want to buy more can than I needed and definitely wanted to feel safe in the car, especially after my last experience.

  5. Ima saver Says:

    Congratulations on your new car!!

  6. Looking Forward Says:

    So what did you get? Big Grin And, I wouldn't be in a hurry to pay it off at 0%. No rush to payoff something that isn't costing anymore then it did on day one. Put any "extra" money to work for you in savings or retirement or your home.

  7. HouseHopeful Says:

    I hear you on not paying off too quickly the 0%, I probably will actually throw the money at debt I do have with interest rates.

    I ended up getting a Hyundai Elantra. I really like the safety features, there were good standards built into the model, so I didnt have to buy any extras (a/c, power locks & windows, keyless entry, cd player), they have the best warrenties I've seen and I have had good experiences with Hyundai before.

  8. rob62521 Says:

    Congrats on your new wheels!

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