Don't have the cash to buy either in cash right now. Am I better off trying to scrape some cash and finance the rest on a beater that could last 6 months or 6 years, or finance a $12k used car that should last a minimum of 3 years and possibility 10 years or more?
Pros of beater:
might be able to recoup equity from current vehicle and eliminate any car payment. insurance cheaper too even if having to finance, low monthly payments
cons:
could break at literally any moment if it has 150k miles on it and is 15 years old
$12k car:
Pros:
looks nicer, more comfortable, probably safer (technology gets better each year) likely won't be prone to anywhere near as many issues as a beater until many years later
cons:
insurance more expensive higher car payments
Submitted May 29, 2021 at 01:10AM by dontbelievejustwatch https://ift.tt/3fRAJ85
