When I finished school, my father used his amazing credit rating to buy a car for me at shockingly low interest (about %1). When I got a job, I took over the payments. All told, I wish I hadn't signed on for a new car as the debt has been considerable. Now I'm coming close to paying it off. It's about three years old with 40K on it and I've paid $24000. I'd like to sell it as soon as I finish paying it off, for the following reasons:
-It's an SUV that is used mainly for Costco runs
-The gas efficiency isn't great, about 22 city/32 hwy
-I don't give a shit about cars. I don't care about having a new car. I'd like to have something that smells OK and isn't covered with rust, but other than that I just want something that goes.
-It's not known for being very reliable (it's an American brand, nuff said)
I plan to use my car to go about 100 miles/week or less. My commute is not bike friendly nor do I have good public transport options. What is the most financially sound car purchasing choice I can make?
Submitted June 07, 2017 at 07:32PM by ynocfyinco http://ift.tt/2s5IwsG
