I'm looking to buy my stepmother's used 2006 Honda Civic LX next year. It'll have approx. 60k miles on it - and I'll be paying in the neighborhood of roughly $9500-$10,000 in cash for it. I know that it's been maintained properly - so that's not an issue - and I know that Honda's known for wonderful reliability if everything's kept up well.
I'm really not looking for a car payment - and thinking that this is a good way to go...
Thoughts?
Also, I'm 25 and have an income of roughly 35K annually.
Thanks. I'm definitely interested in buying it - just want to make the wisest choice. I can take the money and buy something new by financing 7k or so - but I'd be looking at a high interest rate of 15% or so.
I'm really not looking for a car payment - and thinking that this is a good way to go...
Thoughts?
Also, I'm 25 and have an income of roughly 35K annually.
Thanks. I'm definitely interested in buying it - just want to make the wisest choice. I can take the money and buy something new by financing 7k or so - but I'd be looking at a high interest rate of 15% or so.