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#1 |
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Vice Admiral
![]() ![]() ![]() Join Date: Jun 2002
Location: Northern VA
Posts: 4,927
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My car is dead!
Well, I got into a *minor* fender bender at 10mph and now my car is a total loss. The poor old 1989 Toyota Camry with 165k on it and no payments is finally dead.
Now, I have to consider getting a new car. I am getting a nice raise at work that should improve my monthy cashflow by 700+. I could go get a G35 coupe, but the miser in me is saying I need something cheap for now. Something around 15k. I have never bought a new car before, how much different are the MSRP from the actual dealer prices? I am a good negotiator, but what should be my starting point? I heard Consumer Reports has good guides as to how much invoice is. New Honda Civic...ugly Toyota Carolla...decent Nissan Sentra....decent I am not considering any domestic cars at this time. Ideas? Opinions? |
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#2 |
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Rear Admiral Lower Half
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There are probably 2000 people on this board with more knowledge than me, but the first step is you need to totally ignore MSRPs.
Look at the dealers invoice price and work up from that. They are entitled to a $300-$1500 profit depending on the demand for the particular car. Go to autos.msn.com and search on the make/model you want. |
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#3 |
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Rear Admiral Upper Half
![]() ![]() ![]() Join Date: Mar 2000
Location: HB,CA/PA
Posts: 3,437
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edmunds, edmunds, edmunds. They're a great starting point and will show you what other people in your area are paying. It'll also give you an invoice price. If you're really good at haggling or just waiting it out, you can get near or cheaper than invoice.
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Off in La La Land |
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#4 | |
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Commander
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I'm with him. Don't forget that dealers get a kickback of 3% of invoice price from the manufacturer when they move the vehicle, so if you're buying a heavily discounted car where you may be able to get close to the invoice, make sure to use that as leverage.
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If con is the opposite of pro, then what's the opposite of progress? |
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#5 | |
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100% Pure Evil
![]() ![]() ![]() ![]() ![]() ![]() Join Date: Sep 2000
Posts: 7,861
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Quote:
This is absolutely the best advice you will ever receive about getting a car.I tell people to check out edmunds.com and if they don't I reserve the right to call them an idiot for the rest of their life. And after they check out the site they agree with me that if they hadn't checked it out I would have been entitled to it. |
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#6 |
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Rear Admiral Lower Half
![]() ![]() Join Date: Jul 2001
Location: Colorado
Posts: 2,743
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www.carbuyingtips.com is pretty good too
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#7 |
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Captain
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Here is my advice for you LK. After you decide which car you want, go to edmunds.com and use their 'get a quote' feature to get quotes from the dealers around you. Invoice, holdback, and MSRP have little to do with what the dealer will sell you the car for. It all has to do with what the supply and demand for that car looks like. This is why getting multiple quotes helps - it will give you a good idea of what you can expect to pay for the car.
If it were me, I would take the best quote that you get, call the dealer that you've felt the most comfortable dealing with, and see if they can match it. That way you know you're getting a good price and you can choose who you buy the car from. Make sure to print out the email of the offer when you go to buy the car - to make things simple. Also, make sure that any quotes you receive include the destination charge, as well as any other accessories that they may have installed on the car. You can just deal in out-the-door amounts if you want to.
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-Mike |
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#8 |
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Rear Admiral Upper Half
![]() ![]() ![]() Join Date: Aug 2005
Location: In Sunny Southern California
Posts: 3,950
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Edmunds.com
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#9 |
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Chief of Naval Operations
![]() ![]() Join Date: Aug 2002
Location: San Diego
Posts: 10,086
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Invoice is BS. The auto industry publish those numbers to give themselves bargaining power. You need to know the wholesale price and dealer incentives. After that it's just bargaining skilz. I don't really have any recomendations for a car. I think my best advice is to test drive some of the cars. Everyone has their own priorities.
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As for our common defense, we reject as false the choice between our safety and our ideals. Last edited by InfiniteNothing : 10-01-2005 at 03:10 PM. |
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#10 |
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Rear Admiral Upper Half
![]() ![]() ![]() Join Date: Jul 2000
Location: Where the east meets the west.
Posts: 3,066
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i enjoy my acrua rsx . got it for like 18 before taxes. its fun, fuel efficient and easy to maintain. but not good if you need to carry more then 2 people that are over 5-8. small people fit in back.
mark
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"The girl is crafty like ice is cold." "I left my heart in san francisco... And my liver at Moe's Tavern." A real friend is one who listens to you as much as they talk to you. |
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#11 |
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Vice Admiral
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Location: Northern VA
Posts: 4,927
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Considering I am 6'2", my fiance is 6', my whole family is 5' 10"+, it isn't much of an option right now. Thank though.
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#12 |
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Admiral
![]() ![]() ![]() ![]() ![]() Join Date: May 2000
Posts: 5,064
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The 05 Civics are a steal now, and the deals will only get better as the 06's are rolling off the trucks (in the next few weeks).
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Five years... |
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#13 |
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Admiral
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I dont understand why everyone is saying Edmunds exclusively. Most dealers will laugh when that site is mentioned. While it is a tool that can be used, you should also check out KBB.com (Kelly Blue Book - which is what most dealers use)
As for your size problem.....I am sure you remember the pain that I have had to go through when looking for cars....but I am 6'5" so I am a bit bigger than you. You need to decide if you want just basic transportation, slight luxo, sporty luxo, or full out I am spending my kids inheritance to look good. While I am being slightly sarcastic with my groupings, I am sure you can understand what I am saying. A Nissan Maxima will get you from point A to point B without any trouble. An Acura TSX will get you there, with a little more umph and a touch of class. A BMW, Audi, or Infinity add a little more power, the extra luxury, and an immediate statement. Or, if you dont care about your kids inheritance, you could go balls to the wall and get a Aston Martin Vanquish. At 6'2" you should honestly not really have a height problem in most cars. Now if you were to say that you want a MX5...then itmight be a touch tight...but an Accord should be no problem for you. You can always do the Coupe trick...which seriously helps when you are taller. Unfortunately coupes and kids dont mix. (Unless you dont care about your spine) I would suggest making a list of what you need to have in a car, what you want in a car, and what you really could give a rats arse about. For example, you want good gas mileage, but do you want the added issues with a hybrid? If you have kids, do you want a dvd system in the back to entertain them...or do you think the license plate game was enough for you, so its good enough for them? Or would you take it if it was offered for cheap enough, but couldnt really give that much thought to it? Once you do that, figure out if you would consider leasing or only purchasing. If you drive tons of miles, well then, leasing isnt for you. If you drive not as much and want more bang for the buck, it might be the way to go. Then again, if you figure you want to keep your car for 90 years so that you have the ground to yourself when the rest of us are floating above you stuck in traffic...well then, buying is obviously the only choice. Many of the lease negatives have been removed as the average person gets rid of their car shortly after the warranty is up so they dont get stuck with $3000 hits for a new clutch. After that, I would say figure out your budget. Both in total purchase price and monthly amounts. Include what you can put down for it. $3k down, $300 a month for example can lease you a pretty nice car. Then again, if you want to own that number for the same car would be much bigger. You get my drift.
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Welcome my son, welcome to the machine...Where have you been? It's alright we know where you've been.... |
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#14 | |
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Admiral
![]() ![]() ![]() ![]() ![]() Join Date: May 2000
Posts: 5,064
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Quote:
You shouldn't rely upon a single site exclusively, but Edmund's True Cost to Own is very handy, and they will list any incentives and rebate that the dealer has on a model. Most people think the dealer has to tell you about incentives and rebates. They don't. If you don't get them and the manufacturer is offering them...the dealer gets them at sale. Could be a bargaining chip worth thousands. |
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#15 |
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Chief News Editor & Master of His Domain
![]() ![]() ![]() ![]() ![]() ![]() Join Date: Aug 2000
Location: Minnesota
Posts: 8,161
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i have never had anyone laugh at me for edmunds. not only that, they were spot on when I got my forrester.
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lpmiller Chief News Editor Nobel Prize Nominee Reverend in the Universal Life Church Once Shot A Man For Snoring Too Loud Way Too Lazy To Change His Signature "The strength to change what I can, the inability to accept what I can't, and the incapacity to tell the difference." - Calvin and Hobbes |
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#16 |
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Captain
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Certain sites may be better at providing information if you are in the research phase of buying a car. However, when it comes to buying one and you want to get quotes from dealers, it really makes no difference which site you use. The only reason why I would suggest edmunds is because more dealers seem to be signed up with them.
Printing out the invoice, "true market value", holdback, incentives and anything else to take to the dealer doesn't help as much as most people think. Everybody knows what invoice is these days - it's not a big mystery anymore. The reason why those car sites help is because when you request a quote from a dealer through one of those websites (edmunds for instance) - the dealer receives the request through edmunds, which means they KNOW that you are talking to other dealers. All of a sudden, the game changes from trying to sell a car for as much money as possible, to trying to get the lowest price possible so that they can earn your business instead of having you buy from one of their crosstown competitors. Most dealerships, will take just about the lowest offer that they would accept from a retail customer and make it the standard "internet price." It makes life much much easier for both sides. The customers are happy because they got a good price without wasting a lot of their time - and the dealer is happy because they sold another unit. Some people will still want to negotiate from that point - and if $150 and a coffee mug with your cars name on it is worth 5 hours of your time - then go right ahead. |
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#17 |
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Lieutenant
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I'd say also consider the Mazda3. It's gotten nothing but good reviews across the board. Very competitive in the pricerange you're looking in - cargo space, performance, you name it. I don't know much about Mazda's reliability though. But, I've known people to get Mazda6's for close to invoice, fully loaded.
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#18 |
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Vice Admiral
![]() ![]() ![]() Join Date: Jun 2002
Location: Northern VA
Posts: 4,927
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There's a place here thats willing to sell me a Mazda 6i for 14.5k, doesn't seem that bad.
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#19 | |
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the lemonizer
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God I love mine ![]() |
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#20 |
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Chief of Naval Operations
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hyundai elantra gt =) know about 4 people who one them and they all love it.
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#21 |
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Admiral
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BIMMER! BIMMER! BIMMER!
I cant believe no one did that yet. Seriously though, if you want something fun to drive that can handle almost anything you can throw at it, check out a BMW. I would say go with a CPO (Certified Pre-Owned) which will bump the warranty up to 100k miles/5 years. You can probably find an old body style 3 for a relatively good price. Obviously the more powerful versions will end up costing you more, but you can probably find a used 2002/03 325 for around 20k nicely optioned. For a 330 expect to be more in the 25k region. For an M3....figure more although with our last one, the price of an M3 and the convertible we bought were the same. For an M4....see Marty McFly as you will need to travel Back to the Future. I do believe that CPOs are a good way to save some money (depriciation already hit) still be safe under warranty and get pretty close to what you want. I know with many dealers they will have dealer cars (1 year or less of use) available as CPOs. The benefits of that is they still have 3 years on the warranty plus the extended CPO protection. The negative is that they are priced almost normal since they generally only have 10k miles or less. |
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#22 |
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Admiral
![]() ![]() ![]() ![]() ![]() Join Date: Jul 2003
Location: California
Posts: 6,681
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BMW=High upkeep cost.
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"I remember my first orgasm, I just wish someone was there to share it with me..."11-05-2003 05:33 AM - Topane They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety. - Benjamin Franklin Religion is the sigh of the oppressed creature, the heart of a heartless world, & the soul of soulless conditions. It is the opiate of the masses. - Karl Marx Hell is other people - Jean-Paul Sartre
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#23 | |
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aka the keg killer
![]() ![]() Join Date: Dec 2002
Location: Ala-effin'-bama!
Posts: 2,738
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Quote:
This would be my choice, FWIW... Read a lot of good things about that vehicle. I have not driven one, but the local Enterprise has a couple in the fleet. I have to rent cars for local trips occasionally, so I am going to request one next time I need to rent.
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"The price of progress is trouble." (C. F. "Boss" Kettering) "50% of the American public has below-average intelligence. 70% of the American public now has regular access to the Internet. Do the math." (unknown) |
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#24 |
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Admiral
![]() ![]() ![]() ![]() ![]() Join Date: Jul 2003
Location: California
Posts: 6,681
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I liked the Mazda 6i I drove. It was pretty nice.
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#25 |
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Admiral
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I recently had a case study with Ford on their new Fusion. It's actually a pretty sweet car, maybe the first American car I'd consider. I know everyone doesn't like US manufacturers due to their "poor reliability", but stats show that it's more of a perception than reality since Ford's reliability rate is not much lower than that of Toyota and Honda.
No. I don't work for Ford, but this case study made me think about doing marketing for cars. It's a lot of fun, and tons better than marketing soap or cereal... Also what Mazda as done to their image is very impressive. The 3 and 6 are good machines. Nissan also makes some sweet cars too. |
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#26 |
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Vice Admiral
![]() ![]() ![]() Join Date: Jun 2002
Location: Northern VA
Posts: 4,927
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I can get a v6 accord LX for 21, I can probably negotiate them down to 20, 17 with the down payment.
There is also a 03 G35 sedan with 26k going for 24k at a local used car lot. I might be able to get him down to 21-22, 3 down. Now I just gotta wait for insurance to call me re: settlement. KBB lists my car as being worth 2.6k retail, 1.8k private. I am going to try and negotiate that a little bit. I'll keep you guys updated. |
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#27 | |
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Secretary of the Navy
![]() ![]() Join Date: Feb 2001
Location: Chillin' N Da 'Hood
Posts: 34,997
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Quote:
![]() And now I buy Chysler/Dodge...
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DarkFury's Pimptopia - Don't Hate the Playa, Hate the Game! Home of the Original OG Pimp (accept NO imitations)
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#28 |
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Commander
![]() ![]() ![]() ![]() ![]() Join Date: Sep 2002
Location: St.Augustine FL. Plymouth Rock is a newbie!
Posts: 1,223
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I say (like anyone cares
) - go out and buy yourself the best maintained, prettiest (to you) Toyota Camry you can find with the lowest miles on it. Then drive it for another, oh, 150-thousand miles. Screw all of us and our wacky ideas. If it ain't broke, don't fix it.
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Wait a second... you're telling me Sixpac Shakur is a CHICK? |
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#29 |
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Rear Admiral Lower Half
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I swear the Toyota Camry = 150k miles before it starts to show any signs of wear and tear.
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Victor
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#30 | |
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Vice Admiral
![]() ![]() ![]() Join Date: Jun 2002
Location: Northern VA
Posts: 4,927
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Quote:
Which is the real pits about my car. At 155 I had to have the rack and pinion and the master cylinder replaced. 160 was the calipers 162 I repainted it to get rid of rust 164 I had all fluids flushed 165 I had new tires and breaks Now at 166 it is dead. This car has been in the family since it was bought and has a very clean and rigid maintenance record. It could easily go 200+ and with the way I drive, thats another 4 years. However, with my job I have to drive this to country clubs, nice eating establishments...etc. It's starting to show its age and with it being bent up wouldn't make the greatest impression. One idea that steph had was totalling it, buying it back, paying somebody ~1k to fix it. Then when I needed to go anywhere "nice" I drive her 00 Accord and she would drive my car. I like that idea but I gotta talk to the insurance company. |
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