Quote:
Originally Posted by topazsparrow
How is that bad financial planning?
I put enough down so that I wasn't upside-down on the loan from Day 1.
I'm making more than enough money to keep the car, I just was shocked at the trade in value as it was my first experience doing anything like that.
There's no point in making payments over the winter and not being able to drive it.
I've already looked into winter beaters and the like and they aren't suitable for my job requirements. A job which was too good to pass up and unfortunately is in another city that I need to commute to on the weekends. Buying any car new is bad financial planning... How did you purchase YOURS?
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I think everyone here would agree that at no point should a car like this be driven in the winter (even if you drive well, why damage the under carriage with all that salt).
As someone who also lives up North, I made absolutely sure that I could afford the payments on two vehicles. Looking to buy a 1993 Jeep Wrangler 4x4 for about $5k. That'll put payment at around $137 a month for 3 years. I spend more then that on coffee each month.
Making payments on something you don't drive every single day isn't a waste. You'll have less miles on it and it'll last longer. I'm looking forward to the day she's paid off and I have a car with less then 40k miles with no car payment. Not to mention it'll be nice to have it in the garage all winter for dis-assembly to add those sweet, sweet parts for the summer auto-crosses.