Fair thee well little Vibe...

millster · Post by **millster** » Mon May 24, 2004 7:28 am

As much as it pains me to say it, my Vibe'ing time grows short. I had mentioned in the past possibly having to sell it over money concerns. Today is that day. If all goes well with the financing, I will take delivery of my Rally White Mazda 3s 5-door. I love my Vibe and will always look back fondly on it. I cannot say I'm selling the car because I dislike it. I just need something a bit cheaper right now and the 3 was there.This may not be the end of my Vibe yet, the financing still needs to go through. But I will say that I've enjoyed my time in the Vibe and thank everyone here for the help and advice on all the upgrades, repairs, general questions I've encountered. If this does all go through, I'll still stop in once in a while can't leave this crew behind.

Mavrik · Post by **Mavrik** » Mon May 24, 2004 8:45 am

Wow... so many people are getting rid of their Vibes... But the Mazda 3 is cool.

millster · Post by **millster** » Mon May 24, 2004 8:49 am

Quote, originally posted by Mavrik Â»Wow... so many people are getting rid of their Vibes... That's why I wanted to be entirely clear that it's mearly a financial thing. I would love to keep the Vibe, but I can save quite a bit of money by letting it go. It was a tough decision to make. The 3 makes it easier though. Very cool car. I'm getting the auto (a departure from my typical thinking) and it still feels pretty zippy. Even when compared to my GT.

jake75 · Post by **jake75** » Mon May 24, 2004 9:13 am

Is the Mazda 3s 5 door of less vlaue than your "used" Vibe GT? We're not talking trading a Lexus for a Focus.

millster · Post by **millster** » Mon May 24, 2004 9:30 am

It's a lower payment to be sure. Lower value? Not really, but it works out in the end. Let's go with this: I paid way too much for the Vibe when I purchased it. Didn't matter at the time because I was making plenty. Not the case now. The Mazda's initial cost is less than my Vibe's was. Now add the fuel savings (no more premium), insurance savings, that's quite a bit each month.

noginsk · Post by **noginsk** » Mon May 24, 2004 11:21 am

Quote, originally posted by millster Â»It's a lower payment to be sure. Lower value? Not really, but it works out in the end. Let's go with this: I paid way too much for the Vibe when I purchased it. Didn't matter at the time because I was making plenty. Not the case now. The Mazda's initial cost is less than my Vibe's was. Now add the fuel savings (no more premium), insurance savings, that's quite a bit each month. If you don't mind me asking, how much did you pay for your vibe as well as your new 3?

millster · Post by **millster** » Mon May 24, 2004 11:23 am

Paid $26K ($520/month) for the Vibe. $18K (~$400/month) for the 3.

noginsk · Post by **noginsk** » Mon May 24, 2004 11:23 am

also, did you notice a difference in the insurance?

noginsk · Post by **noginsk** » Mon May 24, 2004 11:24 am

what did you get in the vibe to pay 26 for it?

millster · Post by **millster** » Mon May 24, 2004 11:25 am

Yes, there was a difference. My Vibe was just set to drop a bit, so it's about $10 a month less for the 3.

millster · Post by **millster** » Mon May 24, 2004 11:26 am

Quote, originally posted by noginsk Â»what did you get in the vibe to pay 26 for it?Let's just say less than you would think. Negative equity on a dying car is a #&#$. But, such was my desire for the Vibe.

Jahntassa · Post by **Jahntassa** » Mon May 24, 2004 1:00 pm

Wow..i'm glad I waited till the end of the model year...Sorry to see it go, but the 3 is definitely not too far on the shift! I'd say it's a fair trade, as things go overall.Enjoy it! And don't be a stranger to the forums!

jake75 · Post by **jake75** » Mon May 24, 2004 1:18 pm

I guess I don't understand the math. How can the used Vibe GT (even if $26,000 MSRP new ) be worth any more than $18,000 in trade. Given that, how can yoiu buy a Mazda for $18,000 and lower the payment by $120. Seems as if one could have done the same thing via a refinance of the VIBE for a longer term. $18,000 even at 8% apr for 5 years has a monthly payment of about $360. I fear that Millster may have dug himself a deeper hole. That he was upside down in the Vibe and that rolled over to the loan on the Mazda 3 and now he even more upside down.

millster · Post by **millster** » Mon May 24, 2004 1:32 pm

Quote, originally posted by jake75 Â»I guess I don't understand the math. How can the used Vibe GT (even if $26,000 MSRP new ) be worth any more than $18,000 in trade. Given that, how can yoiu buy a Mazda for $18,000 and lower the payment by $120. Seems as if one could have done the same thing via a refinance of the VIBE for a longer term. $18,000 even at 8% apr for 5 years has a monthly payment of about $360. I fear that Millster may have dug himself a deeper hole. That he was upside down in the Vibe and that rolled over to the loan on the Mazda 3 and now he even more upside down.Begging your pardon, but nowhere did I say it was exactly $120. "~" means approximate. Note that I said that financing was not finalized, therefore neither is the payment. I WILL be saving at least $50 a month. Refinance is not an option. Nobody would refi the Vibe given its current value and the amount of negative. Also, why would I want to refinance my Vibe for another 5 years? It's a great car, but I hate being out of warranty with several more years of payments. Let's just leave this at "I'm getting enough in trade to cover some of the negative, putting a little down and coming back out nearly on top." Cool?

AKLGT · Post by **AKLGT** » Mon May 24, 2004 2:47 pm

Quote, originally posted by millster Â»Paid $26K ($520/month) for the Vibe. $18K (~$400/month) for the 3.wow! no kidding! that definitely had to hurt!i sold my tundra last april. cost me about $900/mo b/w pmts, insurance, and gas. got my GT and i pay about $550/mo for everything. big big difference! even w/ premium fuel, i still only spend $100-150/mo in gas where as in the tundra it was $250/mo on avg.. and that's regular unleaded!

Fialchar · Post by **Fialchar** » Mon May 24, 2004 3:06 pm

Sorry to see you have to get rid of the Vibe, but I'm sure I speak for all when I say you're more than welcome on the forums and at any of the meets Hope to see you around, and I hope you're happy with the new 3, they're supposed tio be pretty nice cars.

millster · Post by **millster** » Mon May 24, 2004 11:12 pm

Quote, originally posted by trdvibe Â»wow! no kidding! that definitely had to hurt!Yes, it does hurt. It's manageable. Even when I was unemployed, I was able to make the payments, I'm just used to a certain level of comfort that such a high payment does not afford me. Unfortunately, getting rid of my Vibe was the last shot I had at restoring my life to some form of comfort. Now if it just works. Thanks to everyone for understanding. I'll definitely still be around. I'll always be a Vibe fan even if I'm not a Vibe driver.

ArcsVibe · Post by **ArcsVibe** » Tue May 25, 2004 1:11 am

Enjoy the Mazda 3 bro! Best of luck, don't be a stranger to our forum and I hope all goes well for you!Take care

Kari · Post by **Kari** » Tue May 25, 2004 2:10 am

But but but...my fellow Mac person can't LEAVE!

drunkenmaxx · Post by **drunkenmaxx** » Tue May 25, 2004 2:29 am

>that's right, im still here!!damn, millster, that stinks i too would have suffered your fate had i not refinanced from $440 to $359.have you considered that option?

millster · Post by **millster** » Tue May 25, 2004 2:33 am

Quote, originally posted by Kari Â»But but but...my fellow Mac person can't LEAVE! Well that just gives me another reason to stay around. Drunken:I tried to refi. The banks looked at the KBB value and wouldn't finance any more than 120% of that amount. Obviously that put me well below what I owed. So, it goes without saying that a refinance was impossible. I got lucky and the dealership offered me considerably more than KBB value.

Kari · Post by **Kari** » Tue May 25, 2004 2:36 am

As well it should. Yay for Vibers and former Vibers alike...especially those who know how to buy a proper computer. Silver...an old cast iron riding lawnmower? LOL

jake75 · Post by **jake75** » Tue May 25, 2004 7:06 am

MILLISTER - In my book approximately $120 might be $110-130, but certainly not $50. Whatever suit you is fine with me - I sort of feel sorry for you as I think you may have made an ill considered financial decision. I can almost guarantee you that somehow that dealer will make $2,500+ on the deal by the time he sells your Vibe and that money did not come out of nowhere - it's in your present loan balance. Live and learn. As they say, don't kill the messenger. Peace brother! Hope things get better.

Stang2Vibe · Post by **Stang2Vibe** » Tue May 25, 2004 10:26 am

...and they continue to drop like flies. So sad to see all these people trading in their Vibes. I hope all works out for the best for you Millster! Enjoy your new car if all goes through.Quote, originally posted by silverawd26 Â»Did you ever consider the final price on his GT might of been with another vehicle rolled into the price?Btw, if you check the other thread, GT_03 got $18,000 for his GT also and there are about 1,000 miles apart.I explained this in that other thread. Just like debt still owed on a car being traded in can be "rolled" into the financing on the one being purchased, so are discounts, rebates, etc. rolled into the trade in value on paper for a car you are trading in. I will guarantee that the full $18K was NOT the trade in value of the Vibe. That is about $5K OVER book value of the Vibe, even in absolutely perfect condition. Unless the dealer is planning on going out of business soon and is being extremely generous, they are not going to do trade deals that net them a hit for $5K. They are in business to make money, not lose it.

Stang2Vibe · Post by **Stang2Vibe** » Tue May 25, 2004 10:32 am

Quote, originally posted by silverawd26 Â»You know, I thought it was bad paying $305.00 per month for my vehicle.Man, with what everyone else seems to be paying for their Vibe monthly, I feel pretty good about only having to pay $260.75 per month for 5 years. And I just got my insurance policy renewal last week and found out that my insurance will go down about $400 for the year on this renewal! So I guess that I finally have something to be cheerful about.

millster · Post by **millster** » Tue May 25, 2004 10:54 am

My insurance was down about $400 a year on this renewal as well. Weird. To give a little to the whole "value" argument, the banks I was hitting up for a refi told me $12000. The dealer said $14000. Who am I to argue. Anyway, it seems to be a subjective thing.

goodvibe · Post by **goodvibe** » Tue May 25, 2004 11:00 am

Hey, it's a great little car especially if you don't need the extra space and want an auto but you are going to loose some money. I understand the trade though. If you had sold it outright you probably would have had to add money to pay the balance of the loan unless you put a lot down and if you're tight on dough, that just wont work. A dealer will work with you if he knows for sure that he can make a grand on a quick turn on one of his own lots. If he owns a Pontiac lot, he can make more than selling a new one so you may not be as upside down as some of us think. Hope you love the 3.

millster · Post by **millster** » Tue May 25, 2004 11:12 am

Thanks Goodvibe. You're correct. I will not be as upside down as some figure. I've done my math and I know what I'm getting into. The extra space is one of the many nice features of the Vibe, but at the same time it just gave my company a reason to make me drive my own car for work. Now I can just say "Sorry, don't have room." That has its advantages. I think the dealer knows he can pull it off. They don't own the Pontiac lot. I'd have to buy a Chrysler to pull that off. Sorry Chrysler fans, but that's not happening. Of course I'm still waiting to hear back from the dealer to finalize everything.

Stang2Vibe · Post by **Stang2Vibe** » Tue May 25, 2004 11:23 am

aaah, yes, the waiting game

jake75 · Post by **jake75** » Wed May 26, 2004 4:19 am

http://cgi.ebay.com/ws/eBayISA...&rd=1Here is a $250 mazda coupon on e-Bay for 0.99 - no bids yet. 23 hours left.

millster · Post by **millster** » Wed May 26, 2004 5:47 am

Thanks Jake, but with any luck I won't be waiting until the close of the auction, plus waiting for shipping. I think that will be a little bit too late.Hey, the tip's much appreciated though. Silver, I think it is legal. It says it can be transferred. I don't believe the 99 cents would be problematic, but the "first person with $50" could be a bit sketchy.

jake75 · Post by **jake75** » Wed May 26, 2004 6:33 am

The auction ends May 27th, not the 29th. He can't do anything about that. Mention it to your dealer - he probably won't care if you get him the coupon a couple days later though there is now one bid so you'll have competition. If I were a Mazda salesperson I'd be buying it to help close a difficult sale. I might bid a few bucks and see if i can resell it!

MrDoopey · Post by **MrDoopey** » Thu May 27, 2004 7:14 am

Sorry to hear that Millster, I hope your financial situation perks up in the near future. Mazda makes a good car, and it should do you good. GL bud!

millster · Post by **millster** » Thu May 27, 2004 7:31 am

Thanks Doopey! I'm sure thing will pick up eventually. It's tough to come back off a layoff. I've only been working again for 8 months, so things will come back eventually. Anyway, I'm excited about the Mazda, but I'm still hearing nothing from the dealer except when I call them. I spoke with the finance manager yesterday and was told that things are looking good, he's just having a tough time contacting some people. I must be one of them. The good news is, at least I still have my Vibe throughout all of this waiting.

jake75 · Post by **jake75** » Thu May 27, 2004 12:58 pm

The winning bid on the Mazda $250 certif was $16.37.

millster · Post by **millster** » Wed Jun 02, 2004 11:21 am

Well folks, looks like I'll be a Vibe owner a bit longer. After this anyway:http://forums.genvibe.com/zerothread?id=10595I just wish I could have gotten a more subtle sign that I needed to keep it.

Geo · Post by **Geo** » Wed Jun 02, 2004 2:50 pm

Woa I know I missed this before ... but congrats on the 3, and sorry to hear about the Vibe!I love my Axela Hatcback, and if you get a chance, check out: http://www.mazda3forums.com Fun info here

millster · Post by **millster** » Fri Jun 04, 2004 9:37 am

No need for congrats Geo, never even got the 3. Bu thanks just the same. Funnier still is the fact that I'm already a member at that site. Got some advice on pricing and realized that the dealer was trying to rip me off.

msmyer · Post by **msmyer** » Fri Jun 04, 2004 10:37 am

Ooh...the wreck doesn't look good. Hey, by the way, after looking at your pictures did you ever get the discoloration on the flare strips redone?

millster · Post by **millster** » Fri Jun 04, 2004 10:59 am

Yeah, it's not good. I was out of town for the two days following and working hard all day. I'm supposed to report the accident to my insurance within 72 hours and I'm past that now as of tomorrow. The other guy made a report though, so they have a case number. Hopefuly that's good enough. Anyway, no I never did get it replaced. Just never found the time. Guess it'll get replaced now though.

Fair thee well little Vibe...

Fair thee well little Vibe...

Re: Fair thee well little Vibe... (millster)

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