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Dottie's hot rod!

post #1 of 12
Thread Starter 
OK, a semi-long story.

Back in 1998, we had a 1987 Cadillac Brougham. Nice car, easy to drive, great ride. Unfortunately, it got stolen from our employer's parking lot. To get out, they drove it through a chain link fence. Two good pieces of luck. Getting through the fence and the succeeding ditch, he knocked off the license plate and flattened a tire. The license plate made it possible for company security to call us and let us know it had been stolen. The flat tire made it so he didn't get very far. It had locking wheel covers, and he couldn't figure out how to get them off. The police caught him just a couple of blocks away, sleeping in the car.

Of course, the Cadillac went from being worth $5,000 to being worth $1,000 in just seconds. Eventually we sold it.

But we needed a second car, so we did some hunting. I found a Hertz outlet in Dallas, and we ended up getting a really nice 1998 Chevy Lumina there for an absolutely great price.

We paid off the Lumina early and drove it for 8 years. But we weren't putting many miles on it. My sister's family needed a good used car, so we sold them that one. We didn't think we needed a second car.

Oops. Our dedicated run ended, and our employment ended up changing. We each needed a car to get to work. I tried to find a good cheap used car, but no luck. We ended up getting this 2006 Cobalt for Dottie to drive.



We got it for a great price, because we got it with almost no extras. It comes standard with power steering and A/C. We got an automatic transmission and cruise control. With tax, etc., we drove it off the lot for less than $14,000. It's the car Consumer Reports calls a "Toyota Killer." It's rated at 34 mpg highway, and we've gotten as high as 38.

We financed it for 5 years, knowing we'd pay it off faster than that. The payment was $238/month, but we paid at least $350 per month all the time.

Well, our checking account got looking pretty good, so we have just paid it off.

So, Dottie's hot rod is now all hers! That means the only thing we owe any money on long-term is the house. A very good feeling.
post #2 of 12
WOw, is it ever bright!
post #3 of 12
Thread Starter 
Yes, it is "knock-your-socks-off yellow," to go with my "knock-your-socks-off-red" pickup.

It's also a lot of fun to drive. And I heard a lady on the radio the other day saying she had 484,000 miles on her 2005 Cobalt! (She works for two medical delivery companies.)
post #4 of 12
I always enjoy the "knock your socks off" Blue as well!
post #5 of 12
Vrrooom,vrrooooom!!!!!
post #6 of 12
love the bright happy colour! That's a great price you paid, and I know how good it feels to have everything paid off like that.
post #7 of 12
I love the yellow!

I am glad that it is all paid off - what a great feeling!
post #8 of 12
Thread Starter 
Well, we had to put up with all our friends saying that we should have bought newer cars, bigger cars, more accessories, new house, all that stuff. What looked like not such a great idea back then looks brilliant now!
post #9 of 12
Very nice! I think my brother has one of those actually, same color and all. It's funny, I hate the color yellow, except in cars. I think yellow cars are awesome!
post #10 of 12
Quote:
Originally Posted by mrblanche View Post

We financed it for 5 years, knowing we'd pay it off faster than that. The payment was $238/month, but we paid at least $350 per month all the time.

Well, our checking account got looking pretty good, so we have just paid it off.

So, Dottie's hot rod is now all hers! That means the only thing we owe any money on long-term is the house. A very good feeling.
What an amazing feeling indeed. I cannot wait till we get there... it'll be a while, but I am looking forward to knowing that aside from monthly bills (utilities, groceries, gas) that all we have is our mortgage.

I know anytime we've paid a long standing debt off, I've felt so great about it. I can't wait.

Love the car, not my choice but for some reason, based on the one pic I've seen of Dottie, that the car suits her.
post #11 of 12
Cute car!

It's a good feeling not being saddled down with payments. I've gone the opposite route. I'm making car payments for the first time in over twenty years. But I had a big down payment and a trade in so it's only for two years and I'll have it paid off before then. I hate making payments.....but I sure do love my Impala. Doesn't get as good gas mileage as yours, but I need a bigger car to hold my mail. I would love to have a smaller car someday, but can't justify a third vehicle at this time.

I do check out those Cobalts, I like the looks of them!
post #12 of 12
Thread Starter 
Actually, for its size, the Impala does quite well on gas. With the smaller V6, it's rated at 29 mpg (compared to the 34 on the Cobalt!), and with the larger V6, 27 mpg.

And the Cobalt definitely has "sporty" ride, not luxurious like the Impala.
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