Quote:
Originally Posted by jammies
I have a crazy plan for getting good credit... don't buy a new car in a year, pay off the car you just bought, and then save the money you would have spent on new car payments.
I can see how you got poor credit in the first place. You have learned nothing from not getting credit approval to buy a new car, all it has done has made you even more determined to spend money that you apparently don't have. If you owe any money whatsoever on anything other than a mortgage, why would you spend money on a new car that you DON'T NEED instead of clearing up those bills?
Yah yah, I know you don't want any advice. That's too bad, because unlike a new car, you need plenty of it. Wake up out of your dreamworld and stop buying shiny toys to make believe you're not broke.
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Dad, is that you?
Haha, I think my dad gave me this exact same speech like 10 years ago when I told him I was buying a new car.
And it made so much sense back then as it does right now reading your post. Buying a new car should be reserved for the people who have lots of money and don't mind instantly throwing away 10k as soon as the wheels hit the road outside of the dealership.
My best friend bought a brand new dodge truck 3 years ago for 40k. He recently sold it for 15k.
If that's not a lesson then I don't know what is.