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How about increasing your income and decreasing your expenses? How about selling some of your crap? How about getting another job? How about stop trying to dodge your debt? gheesh
What did you expect? A magical incantation which you could recite while clicking your heals together and throwing unicorn dust over your shoulder? There is no magic fix. There are consequences to the choices you have made. Try to learn from the mistakes you have made and make better choices going forward. That's all any of us can do.
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.
Exactly this, which is why used car prices have soared. I'm one of the few folks I know who trade in my cars before they start suffering from old car disease. However, I like to go about 5 or 6 years on them since I drive Subarus. I only traded in my 2008 Subaru in 2012 because the dealership gave me such a great deal on the trade that I couldn't resist it (plus, I like driving new cars). Unless I can get a similar deal on the 2012, I probably won't trade it in this coming spring but keep it another year or two.
. However, I like to go about 5 or 6 years on them since I drive Subarus. I only traded in my 2008 Subaru in 2012 because the dealership gave me such a great deal on the trade that I couldn't resist it (plus, I like driving new cars). Unless I can get a similar deal on the 2012, I probably won't trade it in this coming spring but keep it another year or two.
We've got a 2007 Outback. Subaru sold something like 177K total vehicles the year we bought it new for $24K. Because it's been a niche market car company that's only really seen huge sales growth in recent years (I think they're going to hit 600K in sales when the numbers for 2015 get added up) there is not much in the way of used inventory and the old ones tend to command a decent premium because they'll run for a long time if you are willing to manage a few known issues.
We've been looking for car #2 lately. When a Subie dealer sees us pull up in the Adventure Wagon, they start to drool over the idea of a trade-in because they know they can offer us $6K on the trade and sell it for $10K+ within a week of inspection and it going on the used lot. But not going to sell it- it's paid for and we did the timing belt at 95K miles and the only other money we've put into the car beyond scheduled maintenance stuff has been $500 to deal with a valve cover issue. It's just hit 106K miles and we figure it's got a lot of life in it yet. It's the POS VW Passat that's effectively dead in our driveway that we're replacing.
Going back to the OP, we just got pre-approved from out credit union for a $25K car loan for a 2014 vehicle or newer. The six year payoff on it is $377 a month. Same credit union would have given the OP a $394 a month payment on his RAV- older vehicle on a 5 year loan, so yeah the terms weren't great, probably from a combination of rolling the old loan into new and a higher interest rate for credit that wasn't great to begin with.
Well.....seems like I got some work to do.....I couldn't sell that car that a 2012 model at $22,000, credit shot, so refinancing is out....I guess I'll choke myself out and move to a urban area, get another job, pay rent the same as my car note, and struggle for another yr until, I explore selling or refinance
Exactly this, which is why used car prices have soared. I'm one of the few folks I know who trade in my cars before they start suffering from old car disease. However, I like to go about 5 or 6 years on them since I drive Subarus. I only traded in my 2008 Subaru in 2012 because the dealership gave me such a great deal on the trade that I couldn't resist it (plus, I like driving new cars). Unless I can get a similar deal on the 2012, I probably won't trade it in this coming spring but keep it another year or two.
Why is OCD so common?
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