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TopicThe smart people on the finance advice subreddits gave me bad news.
pinky0926
11/15/22 6:17:56 AM
#5:


Dan_Haren- posted...
New cars are not smart buys, best to get a few years used japanese car. And regardless interest rates are so dn high right now it's just a horrible time to get any loan. Best to just keep driving and old car and keep fixing it up.

I own outright a 2006 Volkswagen passat with 180k miles on it. Engine wise it seems ok. It's everything else that's annoying. Just things falling off, rusting, breaking, etc.

In cold financial terms, not paying out a loan with interest is wonderful. And if I go through my mechanics bills it's still less than I would be paying for a newer car.

On the other hand, having a car that's at the mechanics nearly every month is just fucking annoying. Maybe I don't want to be thinking about what is gonna break on my car each week and when I need to next book it in.

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