My sister buys a new car every time she goes to the dealership for her free oil change. She bought a used truck to haul her camper because she broke up with her BF who had a truck. They are back together.
So she pays $525 a month for a used truck and makes $25k a year. She told me “You have to have a car payment”. I told her I didn’t have one.
If she gets sick and can’t work(PT wage), she loses the truck. Thinking isn’t big in my family.
That’s funny.
2002 Chevy Venture
2004 Chevy Impala
2006 Pontiac Torrent
All owned free and clear. I have car payments. Just the occasional $1000 or $500 repair. I did have one leased car a 2014 Cruze that I turned in a week ago. It had a little damage and they were pressuring me to purchase it. I could have paid cash but said no because with two boys 20 and 22 dropping the Cruze saved me 191/month in Auto Insurance costs. And I say all that with nothing but a mortgage, some Student Loan debt and plenty of cash in the bank to buy whatever car I wanted, but I’d rather have a safety net.
I’m driving these suckers into the ground.
Yikes! That is some scary stuff. I haven’t bought “new” vehicle in decades. I shop for 3-5 year old models, they have served me well.