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Money and Finances
Reply to "Wow the lack of financial education in this country is staggering"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote] A car loan for a 15k used car- yes that’s a need.[/quote] Where does one find a reliable $15,000 used car that doesn’t have high mileage and isn’t going to break down frequently or need expensive repairs? No, nobody needs a $50,000 car, but I love how people on this board make it seem like inexpensive, reliable used cars are so easy to find.[/quote] They are, if you know what you're looking for. Private sales + a trustworthy mechanic. That's how I've purchased all my cars. [/quote] You’re describing the ideal way to find a car but that is no longer the case. Folks who have a quality older used car are holding onto them. Those who are selling are likely those who either: think their cars are worth more than they are , don’t like the trade in quick sale value they’d get from Carmax or have a costly issue they aren’t disclosing. Also, the supply of quality used cars has gone down. So many sub par options…even if you’re the meticulous buyer I think you are. [/quote] I believe a brand new base model bare bonds small Hyundai is a much better choice than a used car if broke and paycheck to paycheck. The ten year 100K warranty means you have little costs to own. [/quote]
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