My little sister just totalled her car- unfortunately she didn’t have collision insurance (thanks to really bad advise from my mom which I had no idea about) so she needs to buy a car ASAP. It was a Toyota RAV4 with 65k miles that she bought in cash from my grandma. She has about 6k in cash. She commutes 2 hours 1-2 days a week and needs a reliable car (her previous beater was a money pit and she’ll never do that again). She really wants to basically replace the car she had- Toyota RAV4 with around 65k miles. Her credit is 740. The dealers say the best rate they can give her is 8%. 8% on a 14k loan is a lot! What advice can I give her? What can she do at this point? this is such an expensive lesson for a newish grad.
Submitted May 05, 2023 at 10:02PM by EconomyStation5504 https://ift.tt/16ZfzUe
