Ok - I’m looking at the Hyundai USA website. They have a calculator to estimate payments. Looks like the Accent 3-door is < $250 given nothing down and 11%. In my mind that’s a really reasonable payment and I can’t imagine you having to pay anything close to 11. I think rates are in the single digits still, but I haven’t bought a car in a while. If you feel you really must wait, at least wait until the next major holiday and catch a great sale....
I get to go to Omaha now. Yay.
Ugh.
I’m looking at the Elantra - it’s a bit bigger, more Corolla in size. The Accent is a sub-compact, which just feels a little *too* small given that I’m coming from a van. Just looking at it was making me imagine getting squished by bigger cars...
The rate the dealership was tossing around last night seemed a little high to me...I’m thinking if I went directly through a bank it’d be less, but I don’t completely understand the process. The bank needs the VIN and all...so how do you just check rates without committing, and how does the money get to the dealership if you do go with ‘em? It’s confusing.
I’m thinking what I’m going to do is to drive the car tonight (the thought of which is terrifying me, especially as I’ve never done a real intense test drive with a salesguy along, which is what I assume they do for new vehicles), and then tell them I’m feeling rushed and need a week to do some more research. That’ll put me into the next pay period, which’ll mean I can put more down, and also let me check loans. But again, if I need the VIN to check, I don’t unnerstand how I do that without committing, either at the dealership (so they hold the car with that VIN) or at the bank. Ugh.
Either way, I know they’re likely to tell a sad story about not being able to hold that price or that car. :-\
Oh, but yeah, rates are in the single digits. Mid single digits, in some cases - sixes, for five year loans. And I know my credit is good.