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Originally Posted by luv
I'd start my own thread, but you already have the attention of the car people here.
I will be looking for a new (or new to me) car in about a year. I like to start doing my research early, so I can narrow down my choices. I need to keep my payments around $250 or so (I could go up a little, but prefer not to), and I need something that won't cost too much to insure (I'm trying not to get any speeding tickets this year, so hopefully my insurance will go down a little in December). I would absolutely love to have a small SUV. Around the size of the Ford Escape. I REALLY like Jeep Cherokees, but I know I can't afford them. If it's a sedan, I want a 4-door. At least front wheel drive. Mid-sized. Something newer than a 2000. I don't want to go older than what I have now. Any suggestions?
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Seriously given you have budget constraints you should factor in gas mileage and assume a gas price around 3.50 a gallon (for a year from now) and then start figuring out what you want. You also left out how long you want to finance over 3,5 or 6 years that will make a difference as well.