Archive | 7:47 pm

Ups and downs of buying a car

29 Jan

Travis and I got our new Pathfinder today. We went to work around 7, then left at 9:30 to drive down to Colorado Springs, where the seller lives. We got to usbank around 11:00 and quickly found out that the bank had just been expecting that we would sign the papers and leave–no check cut, nothing. WHAT!?!? We drove all the way down to Colorado Springs for the specific purpose of getting the car and then we can’t get a check cut?

Turns out it was the banker in Boulder’s fault. He didn’t communicate enough and didn’t fax over the paperwork that was needed to complete the transaction. So the people at the Colorado Springs usbank had to pretty much start from scratch on our loan. We were at usbank for about 1 1/2 hours and the loan we took out is a 4-year loan, not 5 like we had been hoping for. So our monthly payment is a little more than ideal. What should’ve been a very easy process was a long and complicated one. And we felt bad because the seller, his wife, and their 3-month-old daughter were there waiting too! But we got everything squared away and now we have a second car! Oh the possibilities that have been opened…

I got back to work around 2:10 and went straight into a meeting with my boss. Whereas before I had been really looking for work to do (and not finding much), the workload has finally picked back up. Yay! I finally left at 6:10 to go home–it was weird going home without Travis, something that will happen more often, now that we have 2 cars.

Travis and I also talked a little more about the whole housing situation. We are thinking about continuing to move forward with the house hunt. While it would be nice to have more money for a down payment, we realized that we would be spending $9,600 (conservatively) on rent for a year and have nothing to show for it. So spending an extra $15,000 on interest because of a smaller down payment probably isn’t that big of a deal. The thing that will make or break our buying a house, however, is if we can really afford it month to month. With a house comes more costs–not only is a mortgage payment more than rent but you also have utilities and all that jazz.

I’m not sure what will happen but it’s exciting to think of the possibilities!