Worth it?
05-30-2014 | 10:04 AM
#1
Thread Starter
Banned
Joined: 10-02-2010
Posts: 5,933
From: Port Huron, MI
Worth it?
So I called GM Cust. Svc for grins to see what they could do for me.
Best they told me they could do was to talk to a Dealership about taking the vehicle in on Trade and Setting up in a New car.. Don't know if any of you experienced this same thing..
Personally, I wouldn't mind a new car, but financing my life for ANOTHER 6 years... Don't know that I want to do that.
Grandfather retired from GM, (have his Discount. <3) My employer is a Recognize Top Service Provider for GM (G4S), I have a letter from GM Dealer offering $1,000 over Appraised value for my HHR.. And the actual vehicle value...
What do ya'll think?
Best they told me they could do was to talk to a Dealership about taking the vehicle in on Trade and Setting up in a New car.. Don't know if any of you experienced this same thing..
Personally, I wouldn't mind a new car, but financing my life for ANOTHER 6 years... Don't know that I want to do that.
Grandfather retired from GM, (have his Discount. <3) My employer is a Recognize Top Service Provider for GM (G4S), I have a letter from GM Dealer offering $1,000 over Appraised value for my HHR.. And the actual vehicle value...
What do ya'll think?
05-30-2014 | 11:22 AM
#3
Senior Member
Joined: 06-17-2012
Posts: 161
From: Wisconsin
So I called GM Cust. Svc for grins to see what they could do for me.
Best they told me they could do was to talk to a Dealership about taking the vehicle in on Trade and Setting up in a New car.. Don't know if any of you experienced this same thing..
Personally, I wouldn't mind a new car, but financing my life for ANOTHER 6 years... Don't know that I want to do that.
Grandfather retired from GM, (have his Discount. <3) My employer is a Recognize Top Service Provider for GM (G4S), I have a letter from GM Dealer offering $1,000 over Appraised value for my HHR.. And the actual vehicle value...
What do ya'll think?
Best they told me they could do was to talk to a Dealership about taking the vehicle in on Trade and Setting up in a New car.. Don't know if any of you experienced this same thing..
Personally, I wouldn't mind a new car, but financing my life for ANOTHER 6 years... Don't know that I want to do that.
Grandfather retired from GM, (have his Discount. <3) My employer is a Recognize Top Service Provider for GM (G4S), I have a letter from GM Dealer offering $1,000 over Appraised value for my HHR.. And the actual vehicle value...
What do ya'll think?
-Is the car paid off, or do I owe so little on it that I could pay it off and be debt free?
-Is the car reliable and in good enough condition that you could keep it and run it for a long time?
-Is it worth taking on more debt just for the prestige of owning a new car?
In my case, the car fits my needs, it's reliable and in great cosmetic/mechanical condition. Why take on more debt needlessly?
It's up to you to decide if it's financially feasible, or if you really need to replace the car at all.
05-30-2014 | 12:04 PM
#6
Senior Member
Joined: 04-14-2014
Posts: 119
From: MI
Really the only reason why I have this HHR now is due to the price I got it at. Outside of that, unless Honda and Ford start making crap cars, I wouldn't own another GM too. I like my HHR but there is a few things on this car that shows that GM still don't know how to make a good car.
05-30-2014 | 01:15 PM
#7
Thread Starter
Banned
Joined: 10-02-2010
Posts: 5,933
From: Port Huron, MI
Personally, I'd analyze the following:
-Is the car paid off, or do I owe so little on it that I could pay it off and be debt free?
-Is the car reliable and in good enough condition that you could keep it and run it for a long time?
-Is it worth taking on more debt just for the prestige of owning a new car?
In my case, the car fits my needs, it's reliable and in great cosmetic/mechanical condition. Why take on more debt needlessly?
It's up to you to decide if it's financially feasible, or if you really need to replace the car at all.
-Is the car paid off, or do I owe so little on it that I could pay it off and be debt free?
-Is the car reliable and in good enough condition that you could keep it and run it for a long time?
-Is it worth taking on more debt just for the prestige of owning a new car?
In my case, the car fits my needs, it's reliable and in great cosmetic/mechanical condition. Why take on more debt needlessly?
It's up to you to decide if it's financially feasible, or if you really need to replace the car at all.
Really the only reason why I have this HHR now is due to the price I got it at. Outside of that, unless Honda and Ford start making crap cars, I wouldn't own another GM too. I like my HHR but there is a few things on this car that shows that GM still don't know how to make a good car.
I am frustrated because I just want a good reliable car that will NOT cause me to get in nearly 6-7 wrecks because of bad wiring.. (maybe an old reliable fuel efficient muscle car? HA!
)GRRRRRR GM! GRRRRR!
05-30-2014 | 01:29 PM
#8
Member
Joined: 03-28-2014
Posts: 43
From: arkansas
My first was a 73 Belair. Then 2 dodges. Then an 86 Firebird, 86 Corvette, 88 Firebird, and now an HHR. I'd say I'm partial to GM. I'm not married to them though, if someone would offer me a 63 Thunderbird for one of my Firebirds, or Dodges, I'd probably do it.
05-30-2014 | 09:32 PM
#9
New Member
Joined: 05-25-2014
Posts: 11
From: Cedar Rapids, Iowa
I never, ever offer my opinion or advice on this subject unless someone asks (which you did 
).
And, this is NOT intended to be "bragging" or "judgmental", just friendly advice and encouragement. Freedom from the shackles of debt is a great feeling that never gets old!
EXACTLY. 
If your car is paid off, and you're itching to make car payments again, go ahead and start setting aside those payments -- paying yourself -- to save up for that next car!
Again, just my 2¢ worth... since you asked!
).And, this is NOT intended to be "bragging" or "judgmental", just friendly advice and encouragement. Freedom from the shackles of debt is a great feeling that never gets old!
The Truth About Car Payments
You can live without a car payment!
from daveramsey.com
"I’ll always have a car payment."
You’ve probably heard that comment before, right? You might have even said it yourself—with a defeated, woe-is-me tone of voice. So what’s the deal? Are car payments really just a way of life?
Well, that’s the normal way of thinking. But, as Dave always says: When it comes to money, normal is broke. You want to be weird, and weird people don’t have car payments.
So how, exactly, do you live without a car payment?
Here’s the deal. Recent statistics show that one-third of car buyers sign up for a six-year loan at an average interest rate of 9.6%. Among these buyers, the average price of the car is just over $26,000. This means that one-third of the cars you see on the road are dragging a $475 payment behind them.
The car dealer won’t tell you that your awesome new car loses about 25% of its value the instant you drive it off the lot. After four years, your car has lost about 70% of its value!
What does that mean? After six years, you’ve paid almost $33,000 for a $26,000 car, which is now worth maybe $6,000. Not a good deal.
Here’s a new plan. What if you bought a cheap $2,000 car just to get around for 10 months? Then you take that $475—the average car payment—save it every month, and pay for a new car (with cash!), instead of giving it to the bank.
After 10 months of doing that, you’ll have $4,750 to use for that new ride. Add that to the $1,500–2,000 you can get for your old beater, and you have well over $6,000. That’s a major upgrade in car in just 10 months—without owing the bank a dime!
But the fun doesn’t end there. If you keep consistently putting the same amount of money away, 10 months later you would have another $4,750 to put toward a car. You could probably sell that $6,000 vehicle for about the same price you paid 10 months before—meaning you now have $11,000 to pay for a car, just 20 months after this whole process started.
The bottom line with this exercise is simply this—what could you do with that $475 if you weren’t paying for the car every month? Anything you wanted!
This article continues here: The Truth About Car Payments - daveramsey.com
You can live without a car payment!
from daveramsey.com
"I’ll always have a car payment."
You’ve probably heard that comment before, right? You might have even said it yourself—with a defeated, woe-is-me tone of voice. So what’s the deal? Are car payments really just a way of life?
Well, that’s the normal way of thinking. But, as Dave always says: When it comes to money, normal is broke. You want to be weird, and weird people don’t have car payments.
So how, exactly, do you live without a car payment?
Here’s the deal. Recent statistics show that one-third of car buyers sign up for a six-year loan at an average interest rate of 9.6%. Among these buyers, the average price of the car is just over $26,000. This means that one-third of the cars you see on the road are dragging a $475 payment behind them.
The car dealer won’t tell you that your awesome new car loses about 25% of its value the instant you drive it off the lot. After four years, your car has lost about 70% of its value!
What does that mean? After six years, you’ve paid almost $33,000 for a $26,000 car, which is now worth maybe $6,000. Not a good deal.
Here’s a new plan. What if you bought a cheap $2,000 car just to get around for 10 months? Then you take that $475—the average car payment—save it every month, and pay for a new car (with cash!), instead of giving it to the bank.
After 10 months of doing that, you’ll have $4,750 to use for that new ride. Add that to the $1,500–2,000 you can get for your old beater, and you have well over $6,000. That’s a major upgrade in car in just 10 months—without owing the bank a dime!
But the fun doesn’t end there. If you keep consistently putting the same amount of money away, 10 months later you would have another $4,750 to put toward a car. You could probably sell that $6,000 vehicle for about the same price you paid 10 months before—meaning you now have $11,000 to pay for a car, just 20 months after this whole process started.
The bottom line with this exercise is simply this—what could you do with that $475 if you weren’t paying for the car every month? Anything you wanted!
This article continues here: The Truth About Car Payments - daveramsey.com
Personally, I'd analyze the following:
-Is the car paid off, or do I owe so little on it that I could pay it off and be debt free?
-Is the car reliable and in good enough condition that you could keep it and run it for a long time?
-Is it worth taking on more debt just for the prestige of owning a new car?
In my case, the car fits my needs, it's reliable and in great cosmetic/mechanical condition. Why take on more debt needlessly?
It's up to you to decide if it's financially feasible, or if you really need to replace the car at all.
-Is the car paid off, or do I owe so little on it that I could pay it off and be debt free?
-Is the car reliable and in good enough condition that you could keep it and run it for a long time?
-Is it worth taking on more debt just for the prestige of owning a new car?
In my case, the car fits my needs, it's reliable and in great cosmetic/mechanical condition. Why take on more debt needlessly?
It's up to you to decide if it's financially feasible, or if you really need to replace the car at all.
If your car is paid off, and you're itching to make car payments again, go ahead and start setting aside those payments -- paying yourself -- to save up for that next car!
Again, just my 2¢ worth... since you asked!
05-30-2014 | 10:57 PM
#10
Senior Member
Joined: 10-22-2008
Posts: 1,831
From: hemet, calif.
If I win the lotto I like the Cadillac KLR its a corvette with a better looking body, The local chevy dealer in Hemet is the worst dealer I have ever dealt so I drive 30 miles to another dealer. So driving has nothing to do with my 82 1/2 years I love driving and love the HHR. I lump Doctors, Lawyers and Car dealers all in the same club.