Traditional_Link_555
Traditional_Link_555 OP t1_j6nih2y wrote
Reply to comment by phil-l in How Bad Of a Financial Decision Would it be for my partner to buy a car? by Traditional_Link_555
You make a very good point. Really the main thing that’s bringing the cost of the vehicle way down is how many accidents it’s been in. 4-5 before my partner got the vehicle, with front end and rear end body damage, as well as definite (albeit not severe) frame damage.
Traditional_Link_555 OP t1_j6ne9v4 wrote
Reply to comment by MarcableFluke in How Bad Of a Financial Decision Would it be for my partner to buy a car? by Traditional_Link_555
A Subaru Crosstrek - ideally 2016-2019 model year range.
Traditional_Link_555 OP t1_j6ncvh4 wrote
Reply to comment by jokerfriend6 in How Bad Of a Financial Decision Would it be for my partner to buy a car? by Traditional_Link_555
That definitely seems like the way to go at this time. I appreciate your insight!
Traditional_Link_555 OP t1_j6ncpzq wrote
Reply to comment by MarcableFluke in How Bad Of a Financial Decision Would it be for my partner to buy a car? by Traditional_Link_555
I can’t speak to that, all I can say for certain is that the make/model of the vehicle they are looking at sells for much cheaper in Florida than it does in Georgia.
Traditional_Link_555 OP t1_j6nbecj wrote
Reply to comment by jokerfriend6 in How Bad Of a Financial Decision Would it be for my partner to buy a car? by Traditional_Link_555
I totally agree, although they are currently working on paying off existing debt & being more mindful with finances. They have paid off one credit card, and the last large bit of debt they have is student loans and a few thousand dollars in medical debt. Their credit has climbed significantly in the last 6-12 months, so there is definitely progress being made.
Traditional_Link_555 OP t1_j6na3dd wrote
Reply to comment by jokerfriend6 in How Bad Of a Financial Decision Would it be for my partner to buy a car? by Traditional_Link_555
This may be something to consider. Would a leased vehicle still come with the same issue of very high interest rates?
Traditional_Link_555 OP t1_j6n9pa7 wrote
Reply to comment by BoxingRaptor in How Bad Of a Financial Decision Would it be for my partner to buy a car? by Traditional_Link_555
She isn’t comfortable driving my car, I have offered to teach her in the past. Believe me, that was the first thing I mentioned when we started talking about this.
Traditional_Link_555 OP t1_j6n9bxq wrote
Reply to comment by Wandering_Lights in How Bad Of a Financial Decision Would it be for my partner to buy a car? by Traditional_Link_555
Partner makes ~50k, the cost of the car they’re looking at is ~15k depending on condition/mileage.
Traditional_Link_555 OP t1_j6n91lz wrote
Reply to comment by jokerfriend6 in How Bad Of a Financial Decision Would it be for my partner to buy a car? by Traditional_Link_555
My credit is ~750, I make 62k annually and we cannot share a car as my vehicle is manual and she cannot drive a manual transmission.
Traditional_Link_555 OP t1_j6n8vdu wrote
Reply to comment by MarcableFluke in How Bad Of a Financial Decision Would it be for my partner to buy a car? by Traditional_Link_555
Partner makes roughly 50k/yr and cost of the car to buy in Florida would be ~15k depending on condition/mileage. Same vehicle cannot be found for less than 23k in Georgia.
Traditional_Link_555 OP t1_j6n8l9o wrote
Reply to comment by BoxingRaptor in How Bad Of a Financial Decision Would it be for my partner to buy a car? by Traditional_Link_555
Nearly 200k miles, 4-5 accidents prior to partner owning it, next big repair will be the transmission, which is more expensive than the car is worth.
Traditional_Link_555 OP t1_j6n8gy4 wrote
Reply to comment by LegendOfDave88 in How Bad Of a Financial Decision Would it be for my partner to buy a car? by Traditional_Link_555
A very beat up Toyota Corolla, nearly 200k miles and 4-5 accidents reported prior to them owning it. I guess the main concern is more the hills & city driving than the cold, as the transmission is starting to give out.
Submitted by Traditional_Link_555 t3_10q1e74 in personalfinance
Traditional_Link_555 OP t1_j6nlwc5 wrote
Reply to comment by BlazinAzn38 in How Bad Of a Financial Decision Would it be for my partner to buy a car? by Traditional_Link_555
Maybe I just completely whiffed my search parameters then, cause last time I checked it was outrageous the difference. Thank you for your input!