As for the VW thing, I will not buy a car without a full factory new car warranty- ESPECIALLY not for $10k! I would pay no more than $2500 for a used diesel Golf, and only if it had less than 50k miles on it and it was less than 7 years old. Were I to want an old, used diesel car, it would be a Mercedes Benz W123 300TD.(With the same price limit applying) If VW were to bring over the Polo Bluemotion from Europe and price it around $15k though, I would probably go for it. The Golf is, after all, too big. (I would really prefer a Japanese kei car...)
Also, it's not the Festiva AKA Kia Pride that they are bringing back. That was a Kia chassis with a Mazda b series engine sold as a Ford. No, this is the Fiesta, a subcompact built by Ford of Europe since the late 70's which has not been sold here since 1981.
As for what I make, let's just say it is more than you think and that my bills are lower than most. I get minimum wage plus tips,$.94 cents a delivery in car use compensation, and can average around $2-$4 per house. A good hour I will see 6 houses. On a bad one, none. However, it averages out well enough and pays more than any other job I can get right now. I wanted to do this last year, but just had too many things that needed my attention and could not raise a down payment. Now, most of those things are close to resolution (Roof, Cutlass, AMC, refinancing my mortgage to a lower rate, AA degree, etc.) and I will be able to put money away for a downpayment. I am expecting to put $3-5k down on whatever I get to keep the payment low. This acts as insulation against down times in business when I can get 10 hours chopped off my schedule. My life is configured in such a way that I can survive the lean times of 23 hour work weeks but it is a struggle. The good times are when I fix things for the bad times, and I also save up cash to weather the bad. If I do get a car, I will use the good times to add extra payment to the principle on the loan so as to shorten it's duration. I will also keep the truck so that if it ever gets so bad that I need to sell it or it gets repo'd, I am not without transportation. I layer things like that to give me a safety net in case of the worst. I also do not finance anything that is not necessary like a new kitchen or electronics. Those I wait until I can pay cash for them so that I do not have an additional payment to deal with in lean times. As for the car payment, for the Yaris it would be $178 a month with $130 of that paid for in fuel cost savings. I would put $200+ towards it every month I could so that I would reduce the duration of the loan. After all, the first year is almost all interest and no principle (if you run the amortization tables) and anything you pay off additional in the first year is of the most benefit.
Also, it's not the Festiva AKA Kia Pride that they are bringing back. That was a Kia chassis with a Mazda b series engine sold as a Ford. No, this is the Fiesta, a subcompact built by Ford of Europe since the late 70's which has not been sold here since 1981.
As for what I make, let's just say it is more than you think and that my bills are lower than most. I get minimum wage plus tips,$.94 cents a delivery in car use compensation, and can average around $2-$4 per house. A good hour I will see 6 houses. On a bad one, none. However, it averages out well enough and pays more than any other job I can get right now. I wanted to do this last year, but just had too many things that needed my attention and could not raise a down payment. Now, most of those things are close to resolution (Roof, Cutlass, AMC, refinancing my mortgage to a lower rate, AA degree, etc.) and I will be able to put money away for a downpayment. I am expecting to put $3-5k down on whatever I get to keep the payment low. This acts as insulation against down times in business when I can get 10 hours chopped off my schedule. My life is configured in such a way that I can survive the lean times of 23 hour work weeks but it is a struggle. The good times are when I fix things for the bad times, and I also save up cash to weather the bad. If I do get a car, I will use the good times to add extra payment to the principle on the loan so as to shorten it's duration. I will also keep the truck so that if it ever gets so bad that I need to sell it or it gets repo'd, I am not without transportation. I layer things like that to give me a safety net in case of the worst. I also do not finance anything that is not necessary like a new kitchen or electronics. Those I wait until I can pay cash for them so that I do not have an additional payment to deal with in lean times. As for the car payment, for the Yaris it would be $178 a month with $130 of that paid for in fuel cost savings. I would put $200+ towards it every month I could so that I would reduce the duration of the loan. After all, the first year is almost all interest and no principle (if you run the amortization tables) and anything you pay off additional in the first year is of the most benefit.