{"id":19085,"date":"2013-04-29T00:15:37","date_gmt":"2013-04-29T07:15:37","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=19085"},"modified":"2024-03-03T09:43:41","modified_gmt":"2024-03-03T17:43:41","slug":"i-finally-broke-down-and-bought-a-new-car-yes-new","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id19085-i-finally-broke-down-and-bought-a-new-car-yes-new.html","title":{"rendered":"I Finally Broke Down and Bought a New Car"},"content":{"rendered":"<p><a href=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/04\/2013-honda-accord.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-19095\" title=\"2013 honda accord\" src=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/04\/2013-honda-accord.jpg\" alt=\"\" width=\"329\" height=\"220\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/04\/2013-honda-accord.jpg 400w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/04\/2013-honda-accord-300x201.jpg 300w\" sizes=\"auto, (max-width: 329px) 100vw, 329px\" \/><\/a>OK, I did it.<\/p>\n<p>After commuting to and from work in <a href=\"https:\/\/lenpenzo.com\/blog\/id11341-whats-that-smell-the-costly-joys-of-maintaining-older-cars.html\">my 1997 Honda Civic<\/a> for the past 13 years, and with my son on the verge of getting his driver&#8217;s license, I finally relented and bought myself a new car.<\/p>\n<p>That&#8217;s right. I&#8217;m now the proud owner of a brand-new factory-fresh 2013 Honda Accord.<\/p>\n<p>Frankly, I feel like I died and went to heaven. This is the first new car I&#8217;ve ever owned that I got to drive from day one; both my Civic and our 2001 Honda Odyssey were both bought for the Honeybee.<\/p>\n<p>I spared almost no expense this time too, as I purchased the model&#8217;s penultimate trim.<\/p>\n<p>For a modest family sedan, my new car has all the feel and accoutrements of, dare I say it, <a href=\"https:\/\/lenpenzo.com\/blog\/id1145-why-your-expensive-luxury-car-doesnt-impress-smart-people-or-me-2.html\">an expensive luxury car<\/a>. Thanks to her V-6 engine with 278 horses under the hood, the Accord can get from 0 to 60 in 6.1 seconds &#8212; not that I typically drive that way. It&#8217;s also got leather seats, a satellite-linked navigation system with voice recognition, a Bluetooth hands-free link and streaming audio, and dual-zone climate control.<\/p>\n<p>Since I live in Southern California, I suspect I&#8217;ll rarely, if ever, use the Accord&#8217;s heated front seats &#8212; although I <em>will<\/em> use the moon roof. I&#8217;m also going to make good use of the 360-Watt audio system and its seven speakers (including a sub-woofer).<\/p>\n<p>There&#8217;s also a rear camera that shows what&#8217;s directly behind my car when I put the car in reverse. I&#8217;m loving that. It&#8217;s too bad I didn&#8217;t have that feature on my old pick-up truck; if I did I wouldn&#8217;t have accidentally made mincemeat out of one of those low-profile &#8220;drive-thru&#8221; signs while backing out of a parking space at my local Taco Bell 20 years ago.<\/p>\n<p>Perhaps my favorite new feature is the driver seat&#8217;s 10-way power adjustment option that makes driving a real joy. Ten ways! That&#8217;s a big improvement over my Civic; its driver&#8217;s seat seemingly has only three preset positions: uncomfortable, awkward, and incommodious. (Contrary to popular belief, the &#8220;pestiferous&#8221; setting was only offered on the Civic&#8217;s luxury model.)<\/p>\n<p>My new car warns me when I&#8217;m drifting out of my lane (rarely), or getting too close to the car in front of me (more than I care to admit).<\/p>\n<p>Sometimes it even speaks to me.<\/p>\n<p>The other day, while backing out of a parking space I heard an anonymous chime in the cabin. I had no idea what it meant, so I continued to work my way out of the parking lot. A few seconds later, a very pleasant female voice came through the audio system speakers, politely asking me to disengage the parking break. I couldn&#8217;t believe it! After all, I&#8217;m used to relying on the Honeybee when I make mistakes like that &#8212; but instead of a gentle reminder, she usually hits me over the head with a rhetorical question, followed by the obligatory insult. You know, something like this: &#8220;Why do you still have the hand brake on? Knucklehead.&#8221;<\/p>\n<p>I know what you&#8217;re thinking: <em>Hey, Len! Why didn&#8217;t you let somebody else take the depreciation hit by buying a used car that was only a few years old? Knucklehead.<\/em><\/p>\n<p>Well, that <em>would<\/em> have been financially smarter considering that most new cars lose upwards of 50% of their value within three years, but I have <a href=\"https:\/\/lenpenzo.com\/blog\/id19114-more-reasons-why-i-decided-to-buy-a-new-car-instead-of-a-used-one.html\">lots of good reasons<\/a> for <a href=\"https:\/\/lenpenzo.com\/blog\/id4082-dogs-and-old-cars-why-both-are-worthy-of-being-mans-best-friend.html\">buying new instead of used<\/a>. Here were three of the biggest:<\/p>\n<p><strong>I&#8217;ve paid my dues.<\/strong> After more than 170,000 miles and many years commuting in my cramped little Civic, I was ready for something a bit more comfortable. Besides, by driving that car for so long, I&#8217;ve saved more than $40,000 in car payments over the years.<\/p>\n<p><strong>I can afford it.<\/strong> Frankly, maximum value wasn&#8217;t a top priority for me this time around. That&#8217;s because after many years of scrimping and saving &#8212; and lots of hard work &#8212; I&#8217;m at a sweet spot in my life now, financially speaking. In fact, I could have paid the dealer cash for the vehicle, but I decided to take advantage of my good credit score and take out an auto loan at 1.9% interest over five years instead.<\/p>\n<p><strong>I&#8217;ll be keeping the car for at least a decade. <\/strong>Holding my car for at least ten years will help temper those painful depreciation costs I&#8217;ll be incurring over the next several years in exchange for the pleasure of driving my very own brand new car.<\/p>\n<p>For the first time in my life, I&#8217;m enjoying <a href=\"https:\/\/lenpenzo.com\/blog\/id977-evaluating-the-costs-of-a-longer-commute-when-its-better-to-just-suck-it-up.html\">my commute to work<\/a>, driving in a brand-new automobile with that terrific new-car smell.<\/p>\n<p>Yes, I realize the vehicular honeymoon won&#8217;t last forever &#8212; but at this stage of my life, trust me, it&#8217;s well worth it.<\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: zibe<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OK, I did it. After commuting to and from work in my 1997 Honda Civic for the past 13 years, and with my son on the verge of getting his driver&#8217;s license, I finally relented and bought myself a new car. That&#8217;s right. I&#8217;m now the proud owner of a brand-new factory-fresh 2013 Honda Accord. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[456],"tags":[],"class_list":{"0":"post-19085","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cars","8":"pmpro-has-access","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>I Finally Broke Down and Bought a New Car<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lenpenzo.com\/blog\/id19085-i-finally-broke-down-and-bought-a-new-car-yes-new.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"I Finally Broke Down and Bought a New Car\" \/>\n<meta property=\"og:description\" content=\"OK, I did it. After commuting to and from work in my 1997 Honda Civic for the past 13 years, and with my son on the verge of getting his driver&#8217;s license, I finally relented and bought myself a new car. That&#8217;s right. I&#8217;m now the proud owner of a brand-new factory-fresh 2013 Honda Accord. 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