Reply to How much are you paying for your car?

Forum Index » Money and Finances

Reply to "How much are you paying for your car?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Serious and not snarky question - why do you not have more money saved to put against the car, either outright or a downpayment? You are essentially financing the entire car.

If your finances are that tight and you don’t have the ability to save more, then you probably should be looking at a used car. $25k is the price of a modest new car, but it still sounds like more than you can afford. It’s one thing to take them up on 0% financing for about half that amount, but not the whole thing.[/quote]

I love it when out of touch rich people respond.  We didn't have money saved up because our 10 year old car died earlier than we expected it to (it was very well maintained but at this point, repairs would have cost more than the car was worth) and with two kids in daycare and a mortgage, we are not saving much outside of retirement and 529s. We intend to drive this car for at least 10-12 years so buying new made more sense than buying used.  [/quote]

We aren't rich.  Our car is going to die soon.  Several lights on and after 14 years, I refuse to fix it any more after just putting in thousands into it.  We knew this was an issue and are saving/can pay cash.  I would not buy a used car as they don't have all the newer safety features.  If you can afford it, go for it, but I'd be concerned if you are not very comfortable with two kids in day care and a mortgage.  We have no child care costs.[/quote]

I don't understand - why WOULDN'T you take a 0% loan, especially in the past few years when the market was doing so well.  I think a lot of DCUMers are insanely fiscally conservative.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics