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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] 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] Or you put some money down. You shouldn't be financing the entire car purchase. But yes, even up to 25k is reasonable. As someone who grew up poor (dh) and middle class (me), we learned to work on our own cars. I remember one time, dh put in a new radiator in the parking lot of autozone. But we kept that car going until we could afford a new one. Being poor IS hard, no doubt about it, but it will be even harder being poor and in massive debt.[/quote]
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