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I could almost smell the new car....

January 2nd, 2008 at 04:44 pm

One thing that has been weighing heavily on my mind lately is my car situation -- or, more accurately, my husband's car situtation.

He drives a '92 Honda Odyssey that we paid cash for in 2000. Every time we take it in for repairs, we expect to get a call saying it's not worth fixing. However, that has yet to happen despite semi-annual visits to the mechanic. This time, we both went so far as to start shopping for cars online. I'm pushing for another used car, while he's thinking of leasing or buying a new car. While we have yet to agree on what makes more sense, we have at least agreed on the model -- either a hybrid Toyota Highlander or Honda CRV.

But, once again, the mechanic put an end to our fantasy of driving something that isn't a rust bucket. Today he called to say the strange noise we've been hearing was a minor fix -- to the tune of $200 -- not enough to justify getting rid of it yet.

Being the frugal guy that he is, my husband was pleased by this, while I have mixed emotions.

A new(er) car would have been nice for all of us since the Odyssey resembles a rolling trash heap. Of course, the car payment we would have been taking on wouldn't have been so nice.

Ultimately, though, this means we have more time to save a bigger down payment, so I guess there's always that. For now, though, I'm going to invest in some of those new-car air freshners and hope that nobody notices the mold that has started to ooze out of the Odyssey's hatchback....

6 Responses to “I could almost smell the new car....”

  1. mom-from-missouri Says:

    Are you currently taking what would be for a car payment and using it to build up a car fund?? After doing that for a few months, you would not only have some saved, but it would also give you an idea of life with a car payment.

  2. baselle Says:

    Be strong; you both dodged a bullet. You really don't need a car payment while you're paying off credit card debt.

  3. Amber Says:

    What ever you decide, please don't lease a vechile
    mom from mo, had a great idea

  4. EnglishTeacher Says:

    Please don't lease.

  5. compulsive debtor Says:

    Don't worry. I'm completely against the lease idea. I like Mom from Missouri's idea. We've been setting money aside, but not the equivalent of a car payment. I think I might give it a try and see how it goes.

  6. Ralph Says:

    1992 - wow! You are doing great! Hey, I have a question about your finances in the About Me section. Why wouldn't you pay the debt with those massive savings you have? I guess it depends on the %s, but it just seesm odd to me.

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