Might have made the worst decision on my life
Listen now
Description
my wife and I needed a secondary car. A lot of people suggested getting a fuel efficient civic, however we went into impulse mode and put a deposit on a new Lexus. We currently own a 2014 rav 4 which has no car payments. After 8 years we felt like we deserved a nice car before we turned 30. That was always my dream. We went from not having any car payments to $1100/month, I feel like now it’s too late to get the non refundable deposit $2500 from the dealership since they put a factory order already. It’s set to arrive on July of this year. No credit checks or any questions asked. It’s been 4 weeks now since and I don’t know how we’re going to make these payments + insurance + gas for the next 5 years. I feel like I’m getting anxious even thinking about it. Long story short: made an impulsive decision to factory order a car and not sure how I can make $1100/month car payments… felt we deserved to drive a nice car. We rent, no kids just a pet dog. Edit 1. The car msrp is $79000. The payments were based on a $5000 down payment and 6 year term. Sorry it was a typo, it’s 6 years / 72 months. My wage is $60/year. Update 1. Thanks everyone for the feedback, looks like my best bet is to wait for it to arrive in June and sell it privately at same cost. So I can keep my deposit Update 2. After the comments on the hot car market. I was able to find some one after this post, he is willing to take over the order que as it will save him the dealer markup and 1 month wait. Thanks everyone!!! I will be getting my $2500 next Friday I have decided to buy another used rav4. 2018 model.
More Episodes
Why does PFC Canada concentrate on trying to be super frugal to save money, when we should really be focusing on increasing our income
Published 04/18/22
My girlfriend (25 yo) believes she should not have to help with any bills in the house because I make more than her o, my girlfriend started a business 2 years and during that time I made sure I covered all bills, expenses, groceries, etc. It’s been 2 years later now and I gave her more than...
Published 04/12/22