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You really can't buy a reliable car these days for $4K. A $4K reliable car is a "friends and family" deal. Any $4K car on a used car lot is going to be very high risk of having expensive mechanical problems. The price spread between a low mileage solid used car and a new econobox with a manufacturers warranty is now so low that it doesn't make sense to buy used in that category. The only used car "deals" tend to be on luxury brands where more than 50% come off lease in 2 or 3 years. Very few late model used cars come on the market unless they have problems where the owner wants to dump it.
You can find used Acura TLs with ~175-200k miles on them for 4-6k. Those will easily go 250-300k miles. There might be some problems, but I have a TL with 180k miles on it and I have never had any problems with it at all. It's KBB would be about 4-6k on private sale.
You can find used Acura TLs with ~175-200k miles on them for 4-6k. Those will easily go 250-300k miles. There might be some problems, but I have a TL with 180k miles on it and I have never had any problems with it at all. It's KBB would be about 4-6k on private sale.
As posted before you can get a car with less than 100k miles for less than 4k.
Its a Toyota Rav4 2012 and it had 12000 miles on it, I put 25,000 miles on it and still no mechanical issues. That help me alot, I had my share of lemon and limes, the work I put into them plus the unreliability put me on edge......In my situation, I absolutely needed not to worry about the "what ifs"
I really want to keep this car, I'm only $1500 past due, I never let it get over that amount, but sometimes I'd skip, then $200 there, $180 there, then a good check maybe $300. I can show that I can afford 300 - 350 from the payments that I have made, but 550 is somebody's mortgage, I gotta get out so I can maybe work on paying a mortgage on a house next yr.
Its a Toyota Rav4 2012 and it had 12000 miles on it, I put 25,000 miles on it and still no mechanical issues. That help me alot, I'd had my share of lemon and limes, the work I put into them plus the unreliability put me on edge......I'm my situation, I absolutely needed not to worry about the "what ifs"
I really want to keep this car, I'm only $1500 past due, I never let it get over that amount, but sometimes I skip, then $200 there, $180 there, then a good check maybe $300. I can prove that I can afford 300 - 350, but 550 is somebody mortgage, I gotta get out so I can work on paying a mortgage next yr.
Its a car with less than 50k miles on it. Of course it has been reliable. Modern cars are reliable almost completely across the board.
You have too much car, stop Scr**ing your friend and sell it. Be a grown up. As illustrated here you could get a car for 3.5k tomorrow and have a reliable commuter.
You fail to sell this car and you are an a*** of highest proportion and are deliberately harming your friend irreparably. Do you not understand that?
Pay a mortgage next year? Are you kidding? You cannot handle you money well enough to make a full car payment, why do you think you can handle a mortgage payment AND a car payment?
I feel bad for your cosigner, you not really. You had other options that would have been a better choice.
Time to read and act. Your broke, have too much car and are mangling a friends future.
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