My mother, in credit card debt up to her ears, recently purchased a $25000 brand new Honda midsize crossover. The monthly payment is $385.
Is it financially a wise decision to trade this car in for a used car (Camry or civic preferably) that sits around the $10-12k price range?
She has to have a reliable car for her long commute, period. But I know that doesn’t mean she needs a $25000 car.
Edit: current Kelley blue book trade in value puts the car around $15000.
Submitted August 05, 2018 at 02:50AM by ocireforever https://ift.tt/2nixKLj
