Today, I looked at cars. Yeah, I said that in the title. But I was reading about the AMAZING OMG deals that GM is handing out.
Wait - stop running, yes, I know I said GM. I wouldn't touch Chrysler with a 10 foot pole - my mechanic says he sees more Chrysler in his shop having to be fixed over and over again than anything else. My Lovely Wife (MLW) originally wanted a Town and Country, then she shifted her mine to the Honda Odyssey.
I should mention that MLW only cares about one feature. She doesn't give a crap about power, about DVD players, about navigation. The only thing she wants in her car is - fold down seats. That's why she wanted the Odyssey.
Anyway, so GM's got their big sale, but I don't want the crappy cars, so I figure if MLW is already lusting after a $25,000 - $30,000 cars, I might as well look at one in that range. The original plan was to wait another 12-24 months, saving our money, and by then we'd have almost enough to practically pay off 50% of the value of the car at once, then get a really low month payment.
But, at 0% interest for 60 months? It's pretty much the savings rate for the car anyway, and with all of the cash back offers, it can be lower. of course, the sales end tonight, but I'd be surprised if they didn't extend it by another month or so - they've had this 0% interest deal for several months now.
I went and checked out
the Enclave, the car the out of all of the GM offers every review seems to say is super reliable, seats 7 (which, in a family of 5 and the need to carry other crud/people about, is important) . The MSRP is suppose to be $35k, but the cars sold on the lot had been marked down to $29 - so already $6k cheaper.
I have to say - I really liked it. Very comfortable, and usually I don't care about that - but this was a very smooth ride. Brakes were smooth, acceleration was smooth onto the freeway, and there's enough safety features to stop a tank.
MLW still has to try it out, but if they announce tomorrow they're extending the 0% interest/60 months for another month with all of the extras, we might be getting a new car this weekend.
I'm not holding my breath, though. We'll see.