I’ll admit I’m still trying to put myself in a better position financially than I have been in my younger years. I have fairly new car with around ~70k miles on it. Nothing wrong with it mechanically as far as I know but it’s getting up there. Decided now is a good time to look into getting a new or newer car to kinda put my mind at ease as far as possible large repair expenditures. I know my credit situation is far from perfect but it’s better than what it was before.
Went to the dealership. Found something I liked. Then came the financing terms. $453 monthly for 75 months for a ‘19 Civic LX. $200 down. APR was around 11%. Dealer almost doubled the trade value to erase the negative equity I have. I almost took it. I have around $775 bucks after all the bills are paid, but I couldn’t justify taking out an extra $188 over what my car payment already is for a car. I decided to leave and think it over. It just doesn’t make financial sense for me.
All of that did make me take a closer look at my budget. I have the room to save a little more aggressively and put a little bit more down on my car payment every month so that I can ideally bring in $4k or $5k to get the payments where I feel comfortable with.
Long day.
Submitted April 03, 2019 at 07:40AM by LetsMarket https://ift.tt/2I800fa
