I'm SERIOUSLY considering to trading in my car for a 2020 Hyundai Veloster N. Should I do it???!

[RIC3HUNT3R]

So at work, one day I decided that I had enough with my civic hatch LX. The car is great and looks great, but I'm not happy driving it anymore. The power is there but it's to common now.

I've been thinking about a Golf GTI Rabbit edition, or a Veloster N. As the title says I'm leaning for the Veloster, it's what I'm looking for priced great for what it is and I'm not losing any $$$ from trading in my civic.

I was thinking about tuning up my civic but it's the dammed CVT SO I CANT DO MUCH FOR POWER... the Veloster N has the perfect amount of power sounds amazing from factory and is I'm my budget too.

The civic: 13,000 KMS

no problem so far besides a small false read at 2000kms.

Paying $214 CAD a month on 48 months (37 left) @.99% LEASED

insurance is $300 CAD a month, got a G2 1 1/2 years clean record. Going for G full in mid September.

Buyout is $10,840 at Sept 2022.

The Veloster N: 2KMS (29KMS after test drive)

Brand new...

Would pay $231 CAD bi-weekly for 8 years.

Insurance idk yet, that's what is holding me back from just signing it, would love input about how much would be fair.

And I'll be financing the Veloster N, meaning it would ACTUALLY be MY car....

Why I want it?

It's more enjoyable to ride, they are amazing value and it's super easy to learn to drive stick on them, which is a huge plus.

It's not the end of the world if I dont get it, but life would actually having a meaning to do the same thing everyday and I'll actually enjoy it.

Let me know what you think, if I should get it or just stick with the civic for a few more years... let me know, thx.


P.S.

Here is a pic of the car

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[gtman]

I'm a big fan of the Veloster N. But hey, it's your money, get what you want.

 

[TypeSiR]

Do what makes you happy within your means. You only live once. Good luck.

 

[ONEPNT5.Si]

I may be the odd man out here, but I personally think that if you have to go with an 8 year term when you finance a vehicle to keep the payments low enough to where you can afford them, then the vehicle is too expensive for you to be looking at.

Especially if you're paying $231 bi-weekly, vs $214 per month. You're going to be paying more than twice the amount every month, for twice the total amount of time.

 

[oberstja]

Completely your decision. Sounds like you’ve been putting some serious thought into it. Whatever your decision I wish you the best of luck moving forward!

 

[Jeiz]

its a Hyundai though

 

[repeet]

That's a beautiful car. Go for it.

 

[JDMJoe]

You need to ask about their huge off site inventory before you do anything else.

 

[charleswrivers]

Would pay $231 CAD bi-weekly for 8 years.

So...?

$231 x 2 times a month x 52 weeks/year x 8 years...?

That's $192,192.

That sounds like a something-must-be-wrong-with-those-numbers kind of deal.

Otherwise... sure, get what you want. Just don't spend house-money on a Hyundai. Ever.

(Checked my math! God I'm dumb. Left my stupidity for levity and humility. Don't be too hard on me.)

231x2x12x8...
$44,352 still seems like a lot, even in CAN $$$s...

I guess bi weekly isn't twice a month, so it's more like 231 x 2 x 8 / 52 = 48048. Eeeh. I'm quitting while I'm ahead. Still have homework tonight that's harder than this and I'm only managing to make an ass of myself.

 

[hobby-man]

Just my opinion, if you have to finance over 8 years to keep your payment manageable, you can't afford the car. That's a looooong time to be paying.

 

[ONEPNT5.Si]

So...?

$231 x 2 times a month x 52 weeks/year x 8 years...?

That's $192,192.

That sounds like a something-must-be-wrong-with-those-numbers kind of deal.

Otherwise... sure, get what you want. Just don't spend house-money on a Hyundai. Ever.

I think you might have misread something in there, because $192K is outrageous.

It would be: $231 twice a month = $462 per month, times 12 months = $5544 per year, times 8 years = $44352.
Not sure if OP factored in the interest and whatnot, but it doesn't sound like a good deal to me.
MSRP is around $27000 USD or $36000 CAD.

 

[charleswrivers]

I think you might have misread something in there, because $192K is outrageous.

It would be: $231 twice a month = $462 per month, times 12 months = $5544 per year, times 8 years = $44352.
Not including interest.

Oh yeah. I fixed it a bit ago but I was Waaay off.

 

[ONEPNT5.Si]

Oh yeah. I fixed it a bit ago but I was Waaay off.

Happens sometimes. I read it and I was like "Wait a minute..."

 

[TypeSiR]

So...?

$231 x 2 times a month x 52 weeks/year x 8 years...?

That's $192,192.

That sounds like a something-must-be-wrong-with-those-numbers kind of deal.

Otherwise... sure, get what you want. Just don't spend house-money on a Hyundai. Ever.

(Checked my math! God I'm dumb. Left my stupidity for levity and humility. Don't be too hard on me.)

231x2x12x8...
$44,352 still seems like a lot, even in CAN $$$s...

I guess bi weekly isn't twice a month, so it's more like 231 x 2 x 8 / 52 = 48048. Eeeh. I'm quitting while I'm ahead. Still have homework tonight that's harder than this and I'm only managing to make an ass of myself.

You're not wrong in your first calc. The words "bi-weekly" and "bi-monthly" have dual meanings:

The English language blows my mind.

 

[SDAlexander8]

I traded my 16 LX sedan CVT for a used 17 Si with 20k miles on it. Bought it having driven stick less than an hour in my life. I do not regret it at all. It’s such a more rewarding driving experience.

The Veloster N is a really nice looking car and every review ive seen says its a very fun car to drive. I drive 1000 miles a week in the midwest and ive only seen 1 veloster N at a gas station in Ohio so far. Go for the Manual!! #savethemanuals

Make sure you at least pay near MSRP for it... dont get ripped off by these stupid marks ups. Hyundai dealerships are so far up their own asses, they may be worse than Honda dealers with the type R

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