This is a milestone for me… our first CASH car purchase.
The total cost with taxes, title, and license was just around $19,000. With the around $8,500 we got for our Civic that meant we wrote a whopping check for $10,000…all money that was saved since my post.
We really kicked but saving that money – basically my wife’s entire salary went towards saving for the downpayment of that car.
We still are going to use our Nissan Leaf for most of the driving as we can fit 3 car seats in there… but fitting 3 carseats in the Civic would have been near impossible. (The Leaf is a compact on the outside but a midsize based on the interior dimensions due to having more space due to no internal combustion parts).
It was really satisfying to pay in cash (well – a check) and leave the dealership with a new car (to us) that we own completely.
We also had to fill our a car loan application at 20% interest that would go through if our check didn’t clear… but of course it didn’t.
Also – I think I’ll have around $700 to throw at the mortgage this month… but more on that when I actually make the payment.