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Redwing95

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Picture Me Rollin'

Posted on June 8, 2010

2 Comments | Post a Comment |

A couple of weeks ago a wicked hailstorm passed through Oklahoma City. I happened to be at one of the local movie theaters at the time and my car was beat up pretty bad. The next day I called my insurance company (always fun) and I began the process of filing a claim for the damage. Long story short, the folks at my insurance company determined that my car was a total loss. Awesome (note the sarcasm).

I liked my car. It wasn’t the sweetest ride but it was reliable and it got the job done. I wasn’t too thrilled about buying a new car mainly because I hate the entire process. I did have a couple of goals: I wanted to keep my monthly payment in the same range as my old car and I didn’t want my insurance premiums to go up too much. I decided that I was going to look for a newer version of the car I had been driving. I went online, did some research (good information here and here), took care of the financing through my financial institution (I highly recommend doing this) and found a car in my price range.

I made a couple of trips to the dealership and bought the car this past weekend. I love it. I was able to get a nicer version of the car I had been driving, the monthly payment is slightly lower and my insurance premium only went one dollar per month. Success!

Have you bought a car recently and have any advice that helped make the process easier? Let us know in the comment section!

Comments

2 comments

June 08, 2010

I guess I’m kinda weird. I really hate monthly payments. I paid for a super cheap car in cash and now I just bank the “payments.” Now THAT’S financial empowerment. :)

http://www.youtube.com/watch?v=BKyV8CTHeJ0

Will
June 08, 2010

Clint

That’s great! Sounds like you had a game plan and are now saving all kinds of cash! Thanks for the feedback.

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