General Discussion

hunter

(40,887 posts)

53. Buying a new car on credit was one of the more idiotic things I did as a young adult.

Reply to BlueWaveNeverEnd (Original post)

Sat Jul 15, 2023, 03:55 PM

Jul 2023

But I was young and hot and I deserved it! Five years to pay it off? No problem. I was now a young professional!

About a year and a half later I was a newlywed, my wife had started graduate school in the Midwest and I was having to chose between paying the gas bill to keep the house from freezing or making my car payment. It actually didn't turn out too badly, we lived in a state where the utility companies aren't allowed to turn off the heat in the winter, but I sure as hell could have done without that kind of stress.

It was the first and last time I ever bought a new car, and not something I'll do a gain.

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Millennials And Gen Z Can't Afford Their Auto Loans, And It's Only Getting Worse [View all] BlueWaveNeverEnd Jul 2023 OP

Fleet sharing is the way to go- like Free2Move, car2go etc. Blues Heron Jul 2023 #1

An old junker is rarely snowybirdie Jul 2023 #2

There are no cheap new cars... viva la Jul 2023 #3

Define cheap. MineralMan Jul 2023 #22

agree Celerity Jul 2023 #34

Don't most cars sell a good deal over list price these days? iemanja Jul 2023 #42

Here is a listing for new 2023 Mirages in the US, if you are wondering about prices. Celerity Jul 2023 #45

Thanks. Yes, you can get a Mirage for MSRP or lower. MineralMan Jul 2023 #49

Except there are very few dealers offering those types of cars at MSRP. Progressive Lawyer Jul 2023 #38

+1 uponit7771 Jul 2023 #47

Not the Mitsubishi. MineralMan Jul 2023 #48

How about long distance? viva la Jul 2023 #55

I wouldn't choose the Mitsubishi Mirage for that use. MineralMan Jul 2023 #56

I think my next car will be a hybrid. viva la Jul 2023 #57

I actually have never spent that much on a car-- viva la Jul 2023 #54

Used car prices are at an all time high. MrsCoffee Jul 2023 #4

A lot of old cars won't pass inspection for emissions or safety Mariana Jul 2023 #5

my car passes inspection.. 12 year old car. It doesn't have the backup cameras, computer screen and BlueWaveNeverEnd Jul 2023 #16

Same here, although my car is "only" ten years old DFW Jul 2023 #18

My favorite car that I ever owned got totalled last month. Mariana Jul 2023 #27

Cash for Clunkers took a lot of cheap cars out of the market. Mr.Bill Jul 2023 #31

Cash for Clunkers ended in November 2009. Mariana Jul 2023 #32

What's more important is what it did to dealer auto auctions. Mr.Bill Jul 2023 #33

Some states still have an active "Cash for Clunkers" program. California for example. Progressive Lawyer Jul 2023 #37

Planned obsolescence is real RANDYWILDMAN Jul 2023 #6

There are very, very -- the pandemic destroyed the used inventory obamanut2012 Jul 2023 #8

You seems like an out of touch old person and Jspur Jul 2023 #10

Bingo! snowybirdie Jul 2023 #23

I just don't buy used cars anymore... Happy Hoosier Jul 2023 #36

My point was that most young people I have seen try to get cheap and used cars but Jspur Jul 2023 #39

"An old junker is rarely seen these days" Act_of_Reparation Jul 2023 #17

Old junkers are major expenses waiting to happen. Sky Jewels Jul 2023 #21

Not to mention, it might get benched at the next annual inspection. Mariana Jul 2023 #28

Right. Sky Jewels Jul 2023 #43

mine is a 2007 iemanja Jul 2023 #41

what is a junker? pstokely Jul 2023 #46

currently in the market for a used car..just not much out there dembotoz Jul 2023 #7

" looking hard 100 mile radius" A HERETIC I AM Jul 2023 #26

The ladders have been pulled up to the point... Hugin Jul 2023 #9

The American manufacturers are to blame for this - they refuse to make affordable cars FakeNoose Jul 2023 #11

It's done by design they know most people can't Jspur Jul 2023 #12

You can say that again bedazzled Jul 2023 #15

The headline is a lie unfortunately gulliver Jul 2023 #13

My 2001 Tacoma 4wd has 106,000 miles on it sky_masterson Jul 2023 #14

I have 2011 Honda Civic and have close to 100K on it Jspur Jul 2023 #40

I have a 2008 Toyota RAV4 with 200,000 miles womanofthehills Jul 2023 #50

all they have to do onethatcares Jul 2023 #19

I wonder why some of them can't make their payments? Mosby Jul 2023 #20

These people must be making incredible paychecks too. GoodRaisin Jul 2023 #24

Exactly inthewind21 Jul 2023 #25

And this isn't taking in to account the length of the loan: Liberal In Texas Jul 2023 #29

I pay $448 a month pfitz59 Jul 2023 #30

Just bought an 18 year old Toyota for $6000 mn9driver Jul 2023 #35

You guys are driving some shiny new(ish) cars! GenThePerservering Jul 2023 #44

Just bought a Subaru CrossTrek for my 18-year old. SYFROYH Jul 2023 #51

That's why I'm hanging on to my 2001 Ford Ranger Starry Messenger Jul 2023 #52

Buying a new car on credit was one of the more idiotic things I did as a young adult. hunter Jul 2023 #53