Which would you choose and why?

[offtopic]

Actually not - in this economy that's an OK rate.

3.5 years ago I bought my first car and got prime -1% ... when I bought another a few months ago, they gave me prime +1%. In that time everything is has increased - credit status, income, assets etc

I thought it was high, so before I accepted I spoke to a few guys and they really are offering less. The guy in my office has bought 5 cars over the last few years - he got prime less x for each, except for the one earlier this year at prime + 0.5%

My stepfather just bought 2nd car at received prime - his highest ever as well.

man, thats depressing.

anyways hope u enjoy the car VernD

 

[rorz0r]

Well that makes me feel a bit better about the car I just bought at prime... Was paying prime-2 before but that's because of one of those residual deals etc. Apparently most places wanted to give me like prime+4.5 or so.

 

[UtterNutter]

I'm on a car shopping spree, not because I want to, but because I have to and from what I saw already, I have settled on two options. OK, I can't exactly settle on two options; I eventually will have to pick one.

Anyway, these are the options:

2006 Ford Fiesta 2.0i ST
R 129 995
Engine 4 cylinders, 1999cc, 112kW Transmission Manual Type Hatch
Colour Silver
Mileage 45000
Details Excellent; Full House
Installment R 2 992 pm
Based on 15% over 54 Months with 10% Deposit & R0 extras. Total Repayment R161593. Total Finance Cost R44598

2007 HYUNDAI ACCENT 1.6 GLS HIGH SPEC A/T
COLOUR: SILVER
MILEAGE: 36293 Km
PRICE: R 115,750

On the Hyundai, I can get a 4% discount off the list price, through one of the loyalty programmes I subscribe to; add to that my deposit of 10% and I can knock off as much as R18 000 off the finance. At the same interest rate and terms as the Fiesta, my repayment would be R2500.

My dilemma is this, the Hyundai would make absolute financial sense, but the Fiesta would be so much more exciting to drive . Would it make sense to spend more on the Fiesta just for the WOW factor, or just to be sane and go for the Hyundai?

Even if it was the Fiesta 1.6 vs the Hyundai 1.6, the Fiesta pretty much wins hands down.

But throw a Fiesta ST into the mix? Dude... you already knew the answer, didn't you?