Jason Reed | |
New car |
5/7/2008 |
So I finally got a car. I was looking at the Pontiac G6, but the dealership said that my credit is a little light and they doubt anyone would finance me. They suggested a 2005 Pontiac Grand Am for $8,995. I checked around everywhere and couldn't find anything that good for that price. I test drove it and loved it.
Here are the specs:
Make: Pontiac
I looked in the system (since I'm tech support there) and saw that the market price is $11,998. Employee discount is 10% above cost and I'm even getting it below that. I also saw that the salesman is making $25 commission off it. The finance guy got me an APR of 12.95%, but then said another place would do it for 8.24%. I got a 4-year warranty on it, GAP (which will pay the remaining balance that my insurance won't pay in the case of an accident), and theft protection. All in all, my payments are $213 for 60 months. I had to get full coverage on it, of course. Right now we only have Nichole's 1995 Toyota T100 on liability insurance only. I'm having hers be in my name because I can get a better rate than Nichole. It is $30 a month for hers and we are both listed as drivers. I called them and wanted them to put the 2005 Grand Am on for full coverage. He said there are 4 different deductibles (amount I have to pay before insurance will cover the rest). Here's the convo:
Him: $100, $200, $500, and $1,000 deductibles. Which one do you want?
So, minus the $30 for Nichole's truck (since she is paying me for it), full coverage on my car is $77 a month. Not bad. |