Last year my dad got a brand new Honda Civic 2020($22,500) on a 60 month loan for $375 a month with no down payment because his credit score is pretty good.
We used it for a year and he paid during the entirety of that time. Last month, he got another car and let me have the Civic for myself and I can pay the rest of the loan so it can be mine.
12 months already paid off, so that leaves 18,000 over 48 months for me to pay. The car was brand new and it's in pretty good condition, 12.5k mileage.
I make enough to pay for it monthly but I was worried and anxious that I was making a stupid choice by paying nearly $400 a month at 18. Is it too much for me or am I worrying a lot? I do doordash and food delivery so I easily make enough to pay it off and I'm getting a part time job soon so paying for it won't be a problem at all but I am not sure what I am getting into and I am worried.
I tried talking to my dad about it but we have communication problems so he isn't any help. I am just wondering if what I am doing makes sense because I don't wanna make a stupid choice at a really young age.
Submitted August 07, 2021 at 11:00PM by not_circumventing https://ift.tt/3lIE51K
