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

  1. RIC3HUNT3R

    RIC3HUNT3R Senior Member

    Joined:
    May 11, 2019
    Posts:
    60
    Thanked:
    28
    Location:
    K-W Ontario, Canada
    First Name:
    Andrei
    Car(s):
    2018 Honda Civic Hatchback Lx"FK7" (Canadian spec)
    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

    20190814_142142.jpg
     
    LiveLaughRide84 thanked this.
  2. gtman

    gtman Senior Member

    Joined:
    Oct 27, 2015
    Posts:
    6,649
    Thanked:
    7,598
    Occupation:
    CivicX addict
    Location:
    U S of A
    First Name:
    Mitch
    Car(s):
    2017 Cosmic Blue Civic EX-L
    I'm a big fan of the Veloster N. But hey, it's your money, get what you want.
     
    LiveLaughRide84 and NoelPR thanked this.
  3. TypeSiR

    TypeSiR Senior Member

    Joined:
    May 15, 2017
    Posts:
    1,572
    Thanked:
    1,092
    Occupation:
    Car Driver
    Location:
    SoCal
    First Name:
    Ridiculosaurus
    Car(s):
    1.5T Civic, CTR, MX-5, Fit
    Do what makes you happy within your means. You only live once. Good luck.
     
    MutatedMango and LiveLaughRide84 thanked this.
  4. ONEPNT5.Si

    ONEPNT5.Si Senior Member

    Joined:
    Jul 8, 2019
    Posts:
    83
    Thanked:
    62
    Occupation:
    Air Traffic Controller
    Location:
    Ventura, California
    First Name:
    Dustyn
    Car(s):
    2018 FC1 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.
     
    ZestiCarLover, jayee, Charlie and 14 others thanked this.
  5. oberstja

    oberstja Senior Member

    Joined:
    Jan 4, 2019
    Posts:
    135
    Thanked:
    275
    Location:
    Tumwater, WA
    First Name:
    Ethan
    Car(s):
    2017 Civic Hatchback Sport
    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!
     
  6. repeet

    repeet Senior Member

    Joined:
    Jun 3, 2017
    Posts:
    620
    Thanked:
    580
    Occupation:
    Retired
    Location:
    Fort Mill, S.C.
    Car(s):
    '17 Civic Si Sedan
    That's a beautiful car. Go for it.
     
  7. JDMJoe

    JDMJoe Member

    Joined:
    Mar 21, 2019
    Posts:
    40
    Thanked:
    22
    Location:
    North Dakota
    First Name:
    Joe
    Car(s):
    2019 PMM CTR #26226
    You need to ask about their huge off site inventory before you do anything else.
     
    jtrader thanked this.
  8. charleswrivers

    charleswrivers Senior Member

    Joined:
    Nov 3, 2017
    Posts:
    2,910
    Thanked:
    3,152
    Occupation:
    EMNCS(SS)
    Location:
    Kingsland, GA
    First Name:
    Charles
    Car(s):
    '14 Odyssey EX-L '18 Civic SI Sedan '94 300zx twin turbo 2001 Ford F-150 Sport
    #9 charleswrivers, Aug 14, 2019
    Last edited: Aug 14, 2019
    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.
     
  9. hobby-man

    hobby-man Senior Member

    Joined:
    Jun 20, 2018
    Posts:
    672
    Thanked:
    479
    Location:
    Mississauga, ON
    First Name:
    Mike
    Car(s):
    2018 Sport Touring Hatchback 6MT
    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.
     
  10. ONEPNT5.Si

    ONEPNT5.Si Senior Member

    Joined:
    Jul 8, 2019
    Posts:
    83
    Thanked:
    62
    Occupation:
    Air Traffic Controller
    Location:
    Ventura, California
    First Name:
    Dustyn
    Car(s):
    2018 FC1 Si
    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.
     
  11. charleswrivers

    charleswrivers Senior Member

    Joined:
    Nov 3, 2017
    Posts:
    2,910
    Thanked:
    3,152
    Occupation:
    EMNCS(SS)
    Location:
    Kingsland, GA
    First Name:
    Charles
    Car(s):
    '14 Odyssey EX-L '18 Civic SI Sedan '94 300zx twin turbo 2001 Ford F-150 Sport
    Oh yeah. I fixed it a bit ago but I was Waaay off.
    tenor (10).gif
     
  12. ONEPNT5.Si

    ONEPNT5.Si Senior Member

    Joined:
    Jul 8, 2019
    Posts:
    83
    Thanked:
    62
    Occupation:
    Air Traffic Controller
    Location:
    Ventura, California
    First Name:
    Dustyn
    Car(s):
    2018 FC1 Si
    Happens sometimes. I read it and I was like "Wait a minute..." o_O
     
    charleswrivers thanked this.
  13. TypeSiR

    TypeSiR Senior Member

    Joined:
    May 15, 2017
    Posts:
    1,572
    Thanked:
    1,092
    Occupation:
    Car Driver
    Location:
    SoCal
    First Name:
    Ridiculosaurus
    Car(s):
    1.5T Civic, CTR, MX-5, Fit
    You're not wrong in your first calc. The words "bi-weekly" and "bi-monthly" have dual meanings:

    upload_2019-8-14_16-31-47.png

    The English language blows my mind.
     
    charleswrivers thanked this.
  14. SDAlexander8

    SDAlexander8 Senior Member

    Joined:
    Jul 11, 2019
    Posts:
    687
    Thanked:
    500
    Occupation:
    Environmental
    Location:
    Indianapolis, IN
    First Name:
    Steve
    Car(s):
    2017 Civic Si Coupe
    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
     
Loading...

Share This Page

Loading...