Automotive

Replace our cars in Covid context

  • Last Updated:
  • May 14th, 2020 3:02 pm
[OP]
Deal Addict
Jul 23, 2008
1054 posts
289 upvotes
Montréal

Replace our cars in Covid context

Hi !
We are looking to replace our cas. My wife have a Kia Sedona 2009 with 170 000 km that begin to leaks oil and show it's age, I have a 2011 Hyundai Elantra with 140 000 km and I hate my car for 2 years !

We have 10 000 $ cash and I guess we can get around 5-6 k for our actual cars. We also have a mortage line of credit which is at 2,95% now.

We need one family ride (we have 2 kids of 8 and 11 years old) that we will use for road trip. That one will replace the Sedona . We will need a second car so I can go to the job.



Option 1: Kia Sorento/Hyundai Santa fe 2017 awd (should cost around 22 k) and a small car like a Subaru Impreza 2016around 14 k.
Option 2: Get a new car for the family (which one ?) and a 2014 car for me that would cost 10k max.

What would you do ? Thanks !
36 replies
Deal Expert
User avatar
Feb 11, 2007
15103 posts
16070 upvotes
Oakville
During these uncertain times the general advice would be to save money and avoid new large purchases. That said, if you really do need a new car because the old ones are too unreliable, then try to wait a month or 2 if you can as the dealers should be open and there should be some great deals coming up.
[OP]
Deal Addict
Jul 23, 2008
1054 posts
289 upvotes
Montréal
Thanks ! We dont need to save money (we already have 20 k as an emergency fund), salary insurance and our jobs are very secured (I'm a teacher and my wife is a school psychologist).

I guess we can easily wait a month or 2.
Deal Expert
User avatar
Feb 11, 2007
15103 posts
16070 upvotes
Oakville
tostaky wrote: Thanks ! We dont need to save money (we already have 20 k as an emergency fund), salary insurance and our jobs are very secured (I'm a teacher and my wife is a school psychologist).

I guess we can easily wait a month or 2.
OK, I don't feel like 20k is a large emergency fund, especially in these times, but since you're both in teaching then you should be pretty secure. Are teachers getting full pay to stay home right now?
Deal Guru
User avatar
Oct 6, 2010
14050 posts
8472 upvotes
Toronto
Get a brand new micra or even better, mirage for you and get a loyalty discount from hyundai/kia on your sedona trade for a lightly used suv. Blow that cash.
DYI difficulty scale:
0-joke
10-no joke

¯\_(ツ)_/¯
[OP]
Deal Addict
Jul 23, 2008
1054 posts
289 upvotes
Montréal
20k is enough for us, it's 6 months of our mensual expenses. Yes we are fully paid but we work. I teach online. And my wife still have to do work to and her school should reopen may 25.

Our job is the most secured thing we have !
[OP]
Deal Addict
Jul 23, 2008
1054 posts
289 upvotes
Montréal
george__ wrote: What about a cx9?
Nothing against that idea, but the price is 6-7k more that and equivalent santa fe or Sorento
Deal Expert
User avatar
Jul 22, 2006
21998 posts
2605 upvotes
tostaky wrote: Nothing against that idea, but the price is 6-7k more that and equivalent santa fe or Sorento
3rd row
[OP]
Deal Addict
Jul 23, 2008
1054 posts
289 upvotes
Montréal
we dont need a 3rd row....and santa fe and Sorento also have it
Deal Addict
Sep 8, 2017
3844 posts
3945 upvotes
GTA
What exactly is the "Covid context" here?
Sr. Member
Apr 29, 2007
562 posts
263 upvotes
Richmond Hill
derass wrote: What exactly is the "Covid context" here?
It means that plexiglass barriers are needed. I suggest a police car.
Deal Fanatic
Sep 1, 2004
5830 posts
4510 upvotes
derass wrote: What exactly is the "Covid context" here?
Just like the other 20 threads about how to exploit the situation for best possible deal.

All I can say is OP, you are in luck if you are looking for used car. Keep shopping and finger on the pulse and pounce when you found something.

Like this could be your Elantra replacement. EV too if you are ok with range and it's clean. Only 30k km on odo. You can easily do another 100k.
2017-ford-focus-electric-grey-color-ci- ... r-2374469/
Deal Addict
User avatar
Mar 7, 2007
3798 posts
1441 upvotes
OP, why do you want to consider another Korean car?

You said that your 2009 Kia Sedona leaks oil, and that you hate your 2011 Hyundai Elantra. But you are still thinking about a Kia Sorento or a Hyundai Santa Fe. Why?

I just wonder if getting another brand may be better for you...
Newbie
Jun 16, 2017
57 posts
60 upvotes
Markham
Option 3: buy two used 2017 honda civic hatchback or older Honda fit.
Invest in snow tires. You don't need awd.
Rfd participation history:
Public Mobile 12GB LTE 90 days plan $120 | Adidas Stan Smith $76.99
Orient Ray II Automatic Dive Watch $97.54 | PIA $29.99/year | Rigid 5HP 4 Gal Portable Shop vac $43.98

Top