I just bought a used car, 2010, 30 mpg, compared to my current 2004 15 mpg. That means I will save like $100 a month. The car payment with financing is $120/month. I was basically forced to do this though, because my current car won't pass safety inspection (which is required in Canada for registration renewal) and the repairs are upwards of 4k.
Some advice if you're a first time carbuyer and you're going to a car dealer:
When they first drew me up, the total cost was 10k more than the price of the car, and I walked away without signing, taking a copy of the receipt with me, and researched all the **** they signed me up for and told me I would need. I then promptly had them remove a bunch of bull**** they had (particularly this thing called GAP protection which makes no sense with a down payment). I also had them remove this bs rust protection device that they put on the plan. When they had pitched it, it all sounded like it was part of the purchase and never brought up price, but then when I saw the itemized list and he was pressusing me to sign, I noped out of there. Monthly payments were going to be $250 before I got all the bull**** removed.
__________________
H̓̇̅̉yͤ͏mͬ͂ͧn͑̽̽̌ͪ̑͐͟o̴͊̈́͑̇m͛͌̓ͦ̑aͫ̽ͤ̇n̅̎͐̒ͫ͐c̆ͯͫ̋ ̔̃́eͯ͒rͬͬ̄҉
|