Look, I know I am no where close to being debt free. I am shooting for 36 months. So I know that I am just on the third or fourth brick on The Yellow Brick Road.
But my car.....
My car is paid off, and we plan on running it into the ground. Please believe me, I have absolutely no plan to purchase a car until this one is held together by duct tape. But at 10 years old, I also know that it is possible that one large repair might sway us towards thinking more seriously about it.
The plan has been to pay off G-man's car (December 2011, or maybe January 2012) and then consider what to do about my car. This plan has been in place since we purchased his car in December 2006. We said as long as my car can outlive his loan, we will be a-ok.
Back then, we were still living on credit. This was before our babies died and before the housing bubble. Before 2008 when gas prices were outrageous. Before we were committed to live debt free.
So, we are less than 18 months away from his car being paid off. And my thoughts are moving towards what to do at that point. More specifically.....do we roll that money into our debt snowball, or do we keep socking it away towards a down payment (or if we were really really lucky, to actually BUY) on another vehicle?
Realistically, the car we will purchase will be 2-3 years old, so assuming that this purchase is in 2012, my new used car will be a 2009 or 2010 model. In otherwords, it is a new car now. I have been looking at 2009/2010 models on line just to get a feel for them. I would like to have already picked out a car by the time my car dies, so I already know what I want and I don't have to waste time deciding.
I would really love a Hybrid. Right now, I am leaning toward a Mazda Tribute if I could even find one. We haven't had much luck with American cars, and will probably go with a Foreign one. Maybe Nissan. I am not really wedded to one thing or another.
It is fun to look. But if I could find a car I like, and track it, then I will have a better idea what I can expect to pay when the time comes. Right? Maybe?
Thoughts? Especially from you car people, and you know who you are!!!!