Well, the company says it will not buy a new car. However, they are offering to give her a loan so she can buy one, and they will pay for her gas and give her X amount for depreciation (this gas + depreciation scheme is the same one they proposed 7 years ago... sis went ahead and bought a car... 6 months later they decided it was not convenient for them, cancelled it, bought her a company car, and she had to sell her car because she could no longer make payments!!)...
Now, she really has next to no option, because she can't work without a car...my worry is that history will repeat itself, but... what can we really do? (or, rather, what can she really do?)... she's debating brand new vs used car (for sales, and if she's going to use the depreciation money to pay for the car, it needs to be something that will give her next to no problems!)... Her coworker suggested looking at cars that people drove for 1 year and are now trading in for new ones... my suggestion is look for repossessed cars that people drove about 6 months then had taken away from them! (I once found one like that...only 5,000 Kilometers on it....almost half price of a "new" one!)... it's a good time to look, because the new 2009 models are coming in, which means the 2008 ones are on sale, and also a lot of people are buying the 2009 ones so there should be a good selection on used ones... not to mention that most car dealerships had one of their "6 month interest free" deals back in February.... so there might be a few ones from people that can't afford to pay "full" payments...
We'll see...
Ah, incidentally, the company said this has nothing to do with her salary increase (you know, the one she asked for when she accepted about 30% more accounts, and that they promised to give her an answer no later than July??... the one for which they STILL haven't made a decision?? (they said they'd have an answer on Tuesday of this week)
New car for sis??
November 12th, 2008 at 10:57 pm
November 12th, 2008 at 11:11 pm 1226531513
November 12th, 2008 at 11:12 pm 1226531531
November 12th, 2008 at 11:20 pm 1226532026
Kia Rio - $12,990
Nissan Tiida - $16,000
But.... since we are all going to go car shopping (quoting) this weekend, I'll let you know!
November 13th, 2008 at 08:41 am 1226565694
In Canada the most reliable models are Toyota or Honda. Hyundai comes in a little below those but they are more affordable here.
Hope this helps!?
November 13th, 2008 at 06:29 pm 1226600948
November 14th, 2008 at 07:45 am 1226648724