We bought our first and only car, used 9 years ago. It was a three year old used car when we bought it. It is a Corolla and we love it. We have really grown out of it, and it has begun to require beyond maintenance repairs. It is finally time for another.
I never thought I would buy new, but for a couple of reasons, we believe that it is the right choice. We want to get a Mazda5. We need to be able to seat up to 6, but I don't want a minivan or suv.
Kelly Blue Book states that the car is worth $800 as a trade in.
Two weeks ago the check engine light came on. We planned on waiting to buy until this September, hoping to get a deal on a 2009. (I have no idea if deals are truly better then.)
First question - Are deals truly better then? How much would i expect to save?
Second question - how much should I put into this car, since its value is so low already?
Third question - I am wondering if we should consider donating it, rather than selling. How do they determine the tax donation?
I would love to hear other advice. I have so little experience with all of this.
TIA
I never thought I would buy new, but for a couple of reasons, we believe that it is the right choice. We want to get a Mazda5. We need to be able to seat up to 6, but I don't want a minivan or suv.
Kelly Blue Book states that the car is worth $800 as a trade in.
Two weeks ago the check engine light came on. We planned on waiting to buy until this September, hoping to get a deal on a 2009. (I have no idea if deals are truly better then.)
First question - Are deals truly better then? How much would i expect to save?
Second question - how much should I put into this car, since its value is so low already?
Third question - I am wondering if we should consider donating it, rather than selling. How do they determine the tax donation?
I would love to hear other advice. I have so little experience with all of this.
TIA
