I wanted a nice ride so I financed a 17k car, I threw 4k down but that 4k basically didnt even go towards the loan it payed for taxes and other services i stupidly got. Its a nice car but overall im paying like 5-6k more than what the car was worth at the time when its all said in done because of interest and other BS charges I got during the course of the process. i consider it a L.
I got it 2 years ago and have 2.5 years left paying for it. Overall it sucks because each month I look at my $300 car note and hate it. I couldnt imagine being a guy with a $500 note.
I had the money to buy something for 5k to even 10k and could have been done with the payment at once but instead I decided to take on a loan i cant get out of and in the end I will have lost money in the grand scheme of things
now when i go to sell this car it will be worth like half of what i paid for if that. in my opinion a really nice car isnt even worth it you can do just as much with a paid for car that isnt over 10k.
i figured if i keep paying the monthly note it will cost me like 2 grand in interest. i could try pay it off now but that will be a huge hit to my money...wtf should i do?
Lets be clear, while any new car is a nice ride, lets realize that a 17k is a economy class car, probably a compact, most like a ricer lemme guess it was a nissan right?
Financing isnt for everyone, you can get crazy low rates if you go thru a credit union and are a homeowner with good credit .
Spending your money always sucks but a new car, aint nothin like it, Im ready to get a new car and im waiting to see what the new Escalades look like
Ya, you gotta make more than the minimum payment tho to keep that shyt beat down.
If youre in pain writing that check each month, you prolly spent more than you could afford.
