Did I need a new car?
No.
Did I want to help stimulate our economy?
That is the answer I am sticking with.
I set out to test drive a few cars. Normally, I would find one that I adore and sign the papers but this time I was going to be adult about it and take a few for a test drive.
Luckily, I know a few fine folks at Foothills Lincoln Mazda in Spokane and they let me take a few cars for a few days and I was able to really test drive them.
First one, a Lincoln MKX. Very pretty. A 2008 black beauty.
Second one, a Mazda CX9. Very sporty. A 2011 black beauty. (Do you see a pattern)
I love SUVs but when I asked my dear friends about these two cars I received several comments: You realize Lincolns are for old people? The piping on the inside looks like a race car. This is big...are you sure you can parallel park it. Why do you need seven seats? And finally, one of the best, why get a new car anyway...your car is only two years old?
So, the real question...why do I need a new car?
People take lots of pride in driving up in their brand new vehicle, but all too often people purchase cars that they can’t afford. They do it more for image, status, and pure ego. In the long run what they end up doing is robbing themselves of savings. The first thing a person needs to ask is: Why Do I Think I Need A New Car?
- My car is too old
- My car is too ugly
- My car is about to break down
- The repairs are costing too much
- I need dependability
- I’ve had this car too long
- I don’t want it to depreciate much more
And the list goes on. I've heard a lot of silly reasons as well, but it is usually because the person is saying anything they can to get into a new car. Bottom line, I had 60,000 miles on my car. I didn't need a new car at all. I wanted one.
Done. Purchased. Who says "third time isn't a charm?"
I am a new owner of a new car. I love America. Oh, that's right Ford sold Mazda. Or, did they?
Amidst the world financial crisis in the fall of 2008, reports emerged that Ford was contemplating a sale of its stake in Mazda as a way of streamlining its asset base. BusinessWeek explained the alliance between Ford and Mazda has been a very successful one, with Mazda saving perhaps $90 million a year in development costs and Ford "several times" that, and that a sale of its stake in Mazda would be a desperate measure. On November 18, 2008, Ford announced that it would be selling a 20% stake in Mazda, bringing its stake to 13.4%, and surrendering control of the company. The following day, Mazda announced that, as part of the deal, it was buying back 6.8% of its shares from Ford. It was also reported that Hisakazu Imaki would be stepping down as chief executive, to be replaced by Takashi Yamanouchi. On November 18, 2010, Ford reduced their stake further to just 3%, citing the reduction of ownership would allow greater flexibility to pursue growth in emerging markets. Ford and Mazda remain strategic partners through joint ventures and exchanges of technological information. Nice work guys.
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