Not a new car, but a three year-old silver Honda Odyssey with only 35,000 miles, and still under warranty. It has all the bells and whistles imaginable, and I love it.
Mr. Losing It and I sat down on Sunday and made a list of everything we wanted in a car (besides a price we could afford):
- Low mileage (less than 50,000 miles)
- Under warranty, if possible
- Record of reliability
- Mini van or SUV (seating for 7)
- Decent gas mileage
Then we got online, did some research, and narrowed our choices. Finally we searched inventory and prices all over town and went to look at the Odyssey. And loved it. And bought it.
It was expensive, even for a used car. We looked at lots of lower priced cars, but they all had high, high mileage and no warranty. We do not have the best track record with used cars so this is a sensitive area for us. Our used car purchases have always started off great and then all slowly (or not so slowly for some of them) devolved into money-sucking vampires of repair. But there was no way we were going to buy a new car, with it depreciating by thousands as we drove it off the lot.
I know the experts say we should have bought some beater at this point. But we are a one-car family and need to have a safe and reliable car, one that fits our family now. We are both sick about adding the debt back in but because of paying off so much of our other debt, the new car payment will be manageable. Yes, debt repayment will slow down but it’s not coming to a halt, and we will still be able to throw quite a bit at it. We are determined to get it all gone, but it’s just going to take a bit longer now.
We had thought about selling the Passat “as is” and applying the money (the very little we thought we could get for it) toward the new car, but that dream officially died on Sunday when Mr. Losing It backed it out of the garage and the engine gave up the ghost for good. We have decided instead to donate it to a mission in town that serves the homeless, and will take the tax write-off for it next year. This charity rebuilds and sells donated cars, or sells or uses the parts, will come and tow it away for free and are thrilled to get it, a win-win for both of us.




