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Car Payment vs. Savings

Discussion in 'Money & Finance Forum' started by Savio, Oct 16, 2007.

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  1. Oct 16, 2007 at 2:19 PM #31
    Thelt

    Thelt Full Access Member

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    A buddy of mine has a similar deal and he drives a Hyundai. He comes out pretty well on the whole deal.
     
  2. Oct 16, 2007 at 2:26 PM #32
    Guest

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    Hyundai is now over priced for the product. I have been looking and they think their shit is better than proven vehicles such as honda and toyota. Kia knows they have a hurdle to over come and their vehicles are a couple price points below Hyundai with a better warranty and lower finance options.

    2-3 years ago Hyundai did what Kia is doing today and they blew up....too fast if you ask me.
     
  3. Oct 16, 2007 at 2:28 PM #33
    Thelt

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    He has had his car a couple years so I guess he got it before they changed. He has had two Sonatas though and he has been happy with both of them.
     
  4. Oct 16, 2007 at 2:42 PM #34
    VA49er

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    Dang, the IRS mileage rate is 48 cents a mile.
     
  5. Oct 16, 2007 at 2:56 PM #35
    Thelt

    Thelt Full Access Member

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    That is if they do not provide you with a car though.
     
  6. Oct 16, 2007 at 2:59 PM #36
    VA49er

    VA49er Full Access Member

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    Not at my job. We get the car and the 48 cents/mile.
     
  7. Oct 16, 2007 at 3:15 PM #37
    Shrapnel

    Shrapnel Stinky

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    Why would they pay you mileage if they provide the car?
     
  8. Oct 16, 2007 at 3:38 PM #38
    Thelt

    Thelt Full Access Member

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    You get the 48 cents tax free but the value of the car will be taxable to you.
     
  9. Oct 16, 2007 at 3:45 PM #39
    Guest

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    you get to pick the vehicle and it's in your name and can you use it for personal use also?

    eitherway that's great.
     
  10. Oct 16, 2007 at 3:47 PM #40
    Guest

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    cost of gas, insurance and repairs to the vehicle is why I get both.
     
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