Quote:
Originally Posted by jimf15e
I'm sorry but the level of education and common sense on this board never ceases to amaze me. Your mother obviously has shown she can't manage debt well - regardless of the source. So my advice, along with probably everyone else's here - don't finance another friggin' car. Duh. If he needs a new car go buy a well-kept used car for cash. Or here's a novel idea: save some money! Sorry, rant over but people like this are one of the biggest reasons for the recent credit crisis and downturn.
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I agree. Rather than have a car payment, pay down the mortgage. I haven't had a mortgage payment nor car payment for two months (mortgage was refi'd and car paid off @ 34 mos.), and I feel dinged from unexpected expenses. $600 for exhaust, $170 for locksmith, and $150 for vet. For an avg. Joe that's a lot in one month that's unexpected. Imagine if I could barely afford my house and car on top of that? I suppose I feel pressure because I don't carry a balance and that s*** is due on the 21st.