I briefly mentioned over the weekend that I bought a car. On Friday, I did very little shopping. I did most of my shopping online on Thursday night, but on Friday I steered clear of the mall and the stores surrounding the mall (like my all-time favorite, Target.) I did buy a car, though. That’s a pretty big purchase, even if it didn’t contribute that much to the local economy. It helped my brother, at least.
Sometime in the past year, my brother mentioned that he wanted to buy a new car. He had plans to trade his car for something newer and shinier. The only issue he was having at the moment was just sorting his insurance out. A friend recommended he use someone like Money Expert, not that it mattered to me though. All I cared about was getting his car at the time. I immediately told him to not trade his car in. I wanted to buy it. My car was 11 years old and had a few issues. I love Saturns, and I wanted to get a used Saturn, if I could find one in nice enough condition. Seeing how I knew the only owner of my brother’s Saturn, I knew the complete history!
My Saturn was a 2001, and I bought it in 2002. At that time, I was still somewhat new out of college, and I rolled one loan into a new loan for the Saturn. It was such a bad financial decision on my part (rolling a loan into a loan.) I paid that loan off 5 years ago last week. Apparently Thanksgiving week is a popular time for me to buy a car. This was the third car I bought over Thanksgiving week.
On Friday, we went to the Ford dealership, and I traded my car in for my brother. I paid the difference of that value and the price we had agreed on. Sadly, the dealership gave us next to nothing on the trade-in value, so I ended paying a little more than I had anticipated out of pocket. I wrote the check, and became the owner of a 2007 Saturn. I haven’t named it yet, but I do name my cars.
While the car is 5 years old, it only has 51,000 miles on it, and it’s in excellent shape having sat in storage for about two years while my brother was deployed. It also was on an island for a good amount of time, so it’s not like it was driven across the country. (I do love how it’s been on a boat twice – over to Hawaii and back.)
I’m excited because I didn’t have to take a loan out on this car, and it should last a while (so I can save again for the next vehicle.) I did have to pull from a joint money market (we use money market accounts as savings accounts) but now I’ll “repay” that account over a couple of months to bring it back to it’s original balance.
Oh, one other thing I don’t do – I don’t take pictures of my cars until they’re no longer mine. I think it’s kind of bad luck. Weird. I know.
Have you bought a new (to you) car recently? And do you name your cars?