When the current generation Civics came out, I made fun of them relentlessly. Then I wanted something quick with good gas mileage under 25k... Driving my Si for a year and a half was enough to put me behind the wheel of a Type R. It’s a polarizing design, no doubt, but my initial repulsion of the design paired with…

Yeah I’m in the same boat as you re: savings, and I’m kicking myself for buying a car a year ago instead of this spring. I don’t think it’s a bad idea to buy a car as a result of all this, I’m more surprised that people are doing it at this very moment. 

Given good credit and little debt, I agree. $189 lease on a brand new car that won’t need anything and is under warranty. You *could* put that into savings and be ready for a brake job and thermostat and water pump and clutch and tires and spark plugs and battery and alignment and 02 sensor and... Or you could just…

Second guess an Architect? Oh yes. Civil engineer? Quite a bit less.

Actually from the purchasers perspective there is very little risk if you put nothing down on the car. You are just out the monthly payments, and if you perceive them as rent, as many did with Mitsubishi’s loans back in the nineties, easy come easy go.

End of year may be the time to buy, or it may be closer to September.

Do not buy a car....yet. The market is about to completely implode. New and used cars sitting on lots. Dealers will eventually be blowing that stuff out just to try and survive....pay rent, etc. Soooooo many people with 72 and 84 month loans right now, on cars they can barely afford when they are gainfully employed.…

thank you, idk how people are so blind to this or unable to look up on their own the correct prices of these

This one has the S package, so a little more money is warranted. But maybe not $10k.

Well, even my middle class butt has “lost” the equivalent of a nice 3br house in my retirement/investment accounts. The truly wealthy have lost a lot more - of course, they can far more afford to lose it.

I work for Nextgear Capital, owned by Manheim, and our values for both MMR/and NGC book have fallen off of a cliff. On top of that we are only giving 80% of the lowest value(NGC/MMR) to our dealers. Tough times ahead. 

maybe he does, I don’t know

maybe he runs an exotic car dealer?

You’re right. Interest rates are low. But the carrying cost is more than just interest. On new cars there rate is around $5-10/day. For the car. There’s also insurance. And capital and O&M for the dealer that’s built into each car. And the holdbacks that help pay for it. If you know a dealer who both knows their…

The reason is that they have to finance the cars on the lot. On average it’s somewhere in the range of $50 per car per day. So once a car has been sitting for 100 days, the dealer is now into that car for $5,000 more than one that just rolled off the delivery truck. And then the dealer’s financing will have a debt…

Let them register their ships stateside and pay taxes and then we’ll look into giving them assistance in a year or two.

No article on cruise lines is complete without mentioning how much they pollute, and how often they get caught dumping trash at sea.

Being underwater only matters if you total the car or have to sell it quickly.

Of course 7 year loans are here to stay.

“Civic Type R”