A New Car

Well, after having a  rental for a week, and waiting on news from my car, I got word that my car has been totalled.  I found out on a Friday, and was given until Tuesday to buy a new one before I have to return the rental.  I was really stressed out with this news.  I'll admit, I anticipated the car being totalled, but I didn't think that I'd only have 4 days to buy a new car - that's a large purchase to do so quickly.  It was happening the same weekend that it was the end of the quarter at both of my schools, and I had to teach a lesson a church.  It was a little too much for me and I finally cracked - I had a long cry and felt sorry for myself.  After that, I was ready to jump back in the game.

I teach a finance class at my school, Youth Village Academy, and decided to give them a real-life situation.  I gave them the assignment to find me a car.  I wrote on the board what I was looking for and told them to add the tax at 7.5%, the interest at 2.9%, the license and registration fees that I estimated to be $400, and told them to calculate my monthly payment with a 5 year loan.  I'll admit that they found some decent cars, but one student found the car that would lead me to the lot.  I liked what he'd found so much that I visited their websites and found other cars like it and called them.

Later that day, my husband and I went to the lot and test drove cars, choosing one that evening.  The next day, we took care of the paperwork and went to pick up the car.  We bought a 2012 Ford Escape Limited with 16,000 miles.  While this is the nicest vehicle we've ever owned, we decided to buy something that would last for a long time.  We drive our vehicles until they die, and I hope this will be in the family for at least 10 years.  Then maybe we can give it to Kyson when he starts driving.  I looked it up online with the extras that it has, and we were able to get a better deal than I thought.  All I can say is, we got a great deal on this car.  I'm not excited about having a new payment, but it will hopefully be a great investment for the family.



Later that day, my husband and I went to the lot and test drove cars, choosing one that evening.  The next day, we took care of the paperwork and went to pick up the car.  We bought a 2012 Ford Escape Limited with 16,000 miles.  While this is the nicest vehicle we've ever owned, we decided to buy something that would last for a long time.  We drive our vehicles until they die, and I hope this will be in the family for at least 10 years.  Then maybe we can give it to Kyson when he starts driving.  I looked it up online with the extras that it has, and we were able to get a better deal than I thought.  All I can say is, we got a great deal on this car.  I'm not excited about having a new payment, but it will hopefully be a great investment for the family.