I will be honest. Two years ago I was offered an incentive to finish college. Dad said graduate with your accounting degree and I will give you some money to help you out with buying a brand new car. I figured with what he would give me and the proceeds from selling my current car I could put a down payment of $20K on the car and be able to pay off the car within 3 years. I started to muster the ideas of what car I could get with the money. My conditions were: Sedan, less than $50K, something that I could see myself in for 5-7 years, something classy, something that fits my preferences/style.
The first car that caught my attention was the 2013 GS F Sport because it was RWD, it's beautiful, and it's reliable. I figured I could use the money I would receive and some of my savings and put it down as an initial payment on a used version, but then I started to think about the "used" part of the car. I would probably spend close to the $50K on a USED car. While that option was still on the table...
The 2013 Camry was revealed.
That was the second car that caught my attention. For some reason I love the way the SE looks (I think because I see potential in aftermarket aesthetics, wheels, height adjustment etc.), it's peppy for what it is, the interior is a huge upgrade from my current one, and it's priced incredibly low IMO. The whole Camry Effect thing is true. After owning my current Camry, I am very attached to Toyota's reliability. I've ran my car crazy and I have never had a problem with it, it's smooth, quiet on the highway, roomy, and comfortable. There is one problem, it's FWD. After owning this car for so long I have gotten bored of driving FWD, I like to be able to burnout and drift around corners every once-in-a-while, I also feel safer and more certain in a RWD. $20K down would leave me with very low payments on this car! While both options were still on the table....
The 2014 Chevrolet SS was revealed.
This was the third car that caught my attention. I heard about this car late (Feb. 2013). I don't care what anyone says but I LOVE the styling of this car. It is subtle yet aggressive, it's a sleeper! It's something that I can see myself in for 5 years, even with a baby seat in the back! The thing that placed this car at the top for me is the LS3. Ever since I drove my brother's TB SS (with a Corsa cat-back and bolt-ons) I fell in love with LS engines. It is responsive, throaty, fast, strong, and reliable. I love it! And the fact that it comes with an LS3 means there are aftermarket performance upgrades readily available for cheap (unlike my Camry which has a limited market for aftermarket parts and they are expensive). I was just waiting for the price. I figured with all of the options it would be around $50K which was pushing my budget. The announcement of a $45K and a two-year free maintenance has pretty much sealed the deal for me. The only thing left is talking to a sales person (I will fight to the nails to get as close to the $45K as possible).
That being said, I am pretty much set on buying this car. The only thing keeping me away from buying it now is time. I just have to wait till May! People may not like the price, but with my proposed incentive I will (hopefully) only have payments on a $25K loan. I will say this (TT C6 and others who disapprove of the price) if I was not offered the incentive I would be getting a car in the low $30K range, and I would more than likely be upset with the price of the SS. Since that is not the case I will (more than likely) be buying this car!!!
P.S. Yes I know I could do something else with the money like save it, but I already have a comfortable amount of money in my savings for a person my age (1). I will need a car within the next 2 years (2). Interest rates are pretty low, putting that money in the bank will not benefit me much, on the upside, interest rates are pretty low right no, people getting loans pay less (3). Interest rates are likely to increase as soon as QE is terminated, reference to my earlier statement "time is the only thing between me and the SS(4). With a very reasonable starting salary of $45K a year ($45-51K accounting avg/year) the $25K loan price is perfect (5). Thus concluding, the time and my circumstances could not be any better for buying the 2014 Chevrolet SS!!!