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]

All if this, plus the idea somebody can safely (let alone confidently) make a large purchase on the private market is so outdated. My 75 yo dad operates in this kind of handshake economy - the kind where you get your used car from your barber's cousin and you've had the same mechanic for 30 years, make sure to give him a handle of whiskey at Christmas so he prioritizes your car  - and even he gets scammed half the time. Meanwhile I'm getting scammed by my actual mechanic, nevermind the guy selling a car on Facebook Marketplace. [/quote]

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