Back in August of '06 I bought my very first new car...a Malibu Maxx. Those at SEBFs know this car was a good one, and suited me well. What didn't sit well with me was the interest rate I got on it..That, coupled with the fact it has a crappy resell value now for some unknown reason, made me want to get rid of the car just for sheer financial reasons.
So I went to the dealer we went to last month for Karens car (the uber-loaded '06 Grand Prix SE that thinks it'* a GT) since we had a real good experience with them. I told them what I wanted to accomplish, to which the sales manager tells me...straight-up...that my options are VERY limited. I have 3 choices basically...
1) To lower the car payment, I have to get something that is going to soak up alot of negative equity but is extrememly base. Something along the lines of their bare-bones Trailblazer. I told them no-go on that because I didn't want an SUV with todays fuel prices and the lower demand for SUVs, as that would put me in the same situation I am in now with the Maxx.
2) Keep the Maxx...but i would still have to spend about 700 bucks for new tires, PLUS around 3 grand for an extended warranty, which would equate to well over 800 bucks a month total. Plus, I still have the massive depreciation curve to deal with. So that isn't an option either.
3) Spend a little more each month and get a car that I like, holds its value long-term, can soak up about *half* of the negative equity of the Maxx with no issues, and will be worry-free for many years, since I will have to keep the car that long
Option 3 it is. Not good for the short-term financial, but much better in the long-term than keeping the Maxx.
So what did I get?
2008 Impy SS :P
Pics to come later.
Welcome, downwardly mobile yuppies, to the dawn of the Age of Nefarious.
1993 SSEi - FrankenJinx - dead and gone.
1994 SSE (136K strong) - 180* t-stat,HD alternator, most unequipped SSE on the club, XM radio, Kenwood CD/MP3.
2006 Chevy Malibu Maxx LTZ - Custom 2.25" manifold-back exhaust w/FM-80. Probably the only Maxx with this system.