Tuesday, February 12, 2013

First Car Payment

Last month I bought a car! I wanted a newer car and a more reliable one than my Lumina. My Lumina needs $1000 or so worth of repairs to the engine so I went to a dealer and got a new one. I did not think I would ever qualify, but after an online chat I went to Toyota Lithium in Abilene and ended up qualifying. I did need my dad to co-sign it with me and to my surprise he qualified. Due to the bankruptcy I wasn't expecting it to but 6 years have passed so it went through. I'm paying $235.40 each month for 66 months, or 5.5 years, and it includes a $200 deductible for the first 24,000 miles so if anything goes wrong I can go in to the dealer and pay $200 and they will pay the rest and fix it. It also includes the oil changes for the life of the loan. The car is a red Chevrolet Aveo LT and its a 2011 so it's such a good deal. The car was on sale for $9995. It had started out at $12000 and went down to $10,500 and they had taken it down to the price I purchased it at. I love the car and its a cute little compact car. I love it! The payments are due each month on the 25th but inset up a monthly recurring online payment for the 11th of each month, and it takes about a day to be processed, so around the 11or 12 of each month the payment will be taken automatically from my bank account. Today I officially paid the first payment on my car! yay! It feels so good and so grown up you know? only 65 more to go!

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