Megan’s IS300

Megan and I realized that her 2000 Pontiac Grand Am was falling apart and losing value fast. Their recent low-interest promotions were great sales promoters but also dampened the used market, where interest rates are more typical. We didn’t want to hold on to a car that was in need of increasingly frequent repairs, and we also didn’t want to sell it and take an unreasonable equity hit.

So she traded it in last night and got a great deal — on a Lexus IS300. Cool.