I forgot when or why, but I am obsessed with the Hyundai Ioniq 5 EV. Maybe it's because it looks like a hot hatch? Maybe because I'm tired of paying $60 or so for gas? Maybe because I've been in the GLI for 8 years and it's starting to show its age?
Not sure, but for whatever reason, I have been doing deep dives on it. I've been watching YT videos, and reading Reddit, trying to learn as much as I can about this car. Even the Ioniq 6 is appealing to me. But I think I'd prefer a hatchback style again, despite the higher price.
And then, there's the Ioniq 5N, which is so badass, but about $6-8k more than the standard Limited version of the I5. It's a little racery for me, but man, if I could afford it, I'd do it. Light blue, please!
But the Limited version, even a 2024 one, is about $53-55k, and with a lease with no $$ down, still about $4-500/month. No issue staying under the 10-12k mileage if leased. Got to keep insurance in mind as well. We are currently paying $550 or so for 4 cars. If I add another car, a new EV at that, I'm guessing we'd be close to $600 or more? No idea.
The good news is, Haley's car is about to be paid off; that should be done in the next month. That will save us about $200/month. However, that doesn't mean I can spend $200 more a month on something. I want to pay down our credit card. I want to pay off Riley's car.
Looking at the math, if I $200 from Haley's car to Riley's payment, we can pay his car off by October. Then we'll have $350 freed up. If I roll that into Marci's car payment, we can own our cars outright by early next year, maybe January.
That's pretty cool! And then that frees up $700/month to put towards a car?
Maybe? But what about investing in windows for the house? Every winter, we complain about how drafty the front room is. All those windows need replacing. Oh yeah, can't forget about the mini-splits, where we're paying the least amount possible, while it is our biggest loan. And how about Marci's master's program? Another big chunk of debt. :(
And we can't forget about my job status. Our building is closing in August and there are currently no guarantees as to continuing with our roles. It is trending positive and we have people advocating for us, but until something is in my inbox, I'm not holding my breath.
All that to say, as much as I want to buy a brand new 2025 Hyundai Ioniq 5/5N, it may not be the most financially responsible thing to do at the moment. And I haven't even brought up the fucking president(s) and their raping of our government, society and financial systems.
I also forgot to mention that the old GLI is throwing some errors, having problems with the fuel pump (per my code reader) and possibly on the road. I have practice tonight and I'll take Marci's car to be safe (which is also fucked up; see my previous post).
It feels like I *might be able to pull off a car. I'm trying to save up some money to put down or for first few payments. Last month, we finished with $800 that I could still allocate; I ended up putting it towards CC and future use, I think. But that's good news. If we can keep that up, that's a good thing.
We have a tax refund of $1500 or so as well, but that won't all go towards a car fund. But it's good to think about these things. It puts things in perspective for sure. And it helps me get my priorities straight, and none of those point to getting a new car...
for now.
 |
| So damn hot |
