I posted Monday about targeting a new car since it is just time to move on from my 2005 Chevy Aveo. Well, I was offered a deal that I didn’t want to pass up! Here is my new 2013 Honda Fit!!!
I should probably explain here that there was no “2014 Honda Fit”. They are skipping directly from the 2013 model to the 2015 model that will be out in a couple of months. So a 2013 Honda Fit is as new as it gets and this one had 58 miles on it and was built in December 2013.
Buying a Car
I’ve been researching cars since last Wednesday. Once I was 99% sure that I wanted the Honda Fit more than any of my other options, I researched the poop out of it. Specifically, I:
- Read everything they had on new and used Honda Fits on http://kelleybluebook.com and http://www.edmunds.com. I read their info and ALL of the user reviews.
- Used search engines to find even more personal positive and negative reviews. The majority of the negative reviews were about singular vehicle issues. The ones about general stuff, like road noise, I noted down for my test drive. I found the Fit to be much quieter than my Aveo and it handles super easily. Like a go kart, which was listed as a negative for a few people, but I enjoy it so far!
- Searched Craigslist for every Honda Fit for sale there – new and used. Found that the dealers were selling the new, 2013 Honda Fits for $18k-$19k drive out or $14k-$15k for low mileage used ones. Individuals were selling low mileage used ones for around $12k.
- Looked up the basic tires on Discount Tires to make sure they aren’t super special $200 each tires or something hinky.
- Used search engines to ensure that insurance for a Honda Fit isn’t amazingly higher than for any other subcompact I was looking at.
Now, here’s where I just got lucky…
I still had the contact info for the Honda salesman that Isabelle and I used about a year ago, Mr. Harper. He was friendly, straight-forward, and worked out a very fair deal for Isabelle’s Honda Civic. I emailed Mr. Harper and asked for him to let me know if they got in a used Honda Fit with less than 40,000 miles for $12,000 drive-out or a brand new one for $15,500 drive-out.
He called me 4 hours later with the offer for a brand new Fit, automatic, with tinted windows, for $16,356 drive-out at 0.9% interest. The automatics were normally $1500 more expensive than the manuals, so I jumped on this deal.
Here’s what I wasn’t really expecting. Mr. BFS and I drove to the dealership yesterday, arrived at 11:15am, did the test drive, filled out all of the paperwork, and left the dealership at 1pm WITH my 2013 Honda Fit at $16,356 DRIVE-OUT!!! Not one number changed. There were no hard sales. Even the finance manager was friendly and laid back as we declined the extras.
The final numbers came down to $16,356 at 0.9% for 5 years. That’s about $279 a month for 5 years. There is no prepayment penalty, so we could pay off the car loan at any time, BUT we might not. If we don’t, we spend $380 on interest in 5 years ($16,735 total). If we do have extra money to throw at it, we may throw it at the 4% interest mortgage loan instead. 😉
Buying a Car
In the end, here are my suggestions on buying a new car:
- First, you have to narrow down your options. That was hard for me.
- Research, research, research! You have to make sure you know what you are getting and how much it may cost.
- Look at all of your buying options – new or used, Craigslist or dealerships. You may be surprised. Generally, you will get the best deal by buying used from an individual. If you do go that route, just have the car checked by a mechanic before handing over the cash. If you go through a dealer, make sure you work out the deal before going in – makes it so much easier! And be ready to leave if they mess with you.
I’m super happy!!! A new Honda should be able to make it 10-15 years for me (100,000+ miles) without as many worries about quality as I’ve had for the last 9 years. I’m getting my Chevy Aveo cleaned up today and will post about selling it if it all works out by the end of the weekend as hoped.
What do you think? What car buying tips would you suggest?
FYI: I worked at a dead end cubicle job from 2005-2011 for about $30,000 a year. I went self-employed in July 2011 and make between $80,000-$100,000 through blogging, a rental home, and professional pet sitting. If you’d like to start your own site (link to my free step-by-step guide), I highly suggest checking out Bluehost (my referral link with a nice discount for you). I even have all of my favorite tools on a resource page - I hope they help you too. This all gives me the time to be with my aging family members, the flexibility to stay close with my friends and family, and it should help if we finally get pregnant too! Please contact me any time at budgetingfunstuff*at*gmail*dot*com with questions or just to brainstorm! I’d love to help!