Quote:
Originally Posted by TorqueDog
...
|
While a three year devaluation of over 50% is extreme, I think that the point remains that a vehicle is going to be a costly endeavour, most notable in new vehicles. In the case of someone who clearly states that they have bad credit a new vehicle may be one of the worst purchases that someone can make. My personal suggestion would be get a 5-10 year old vehicle that is in good condition, a Hayes auto repair book and make due with what you can afford.
It isn't meant to be rude or snarky, but just honest and actually doing a massive favour in the long (and likely short) run. Managing expenses and cutting costs and luxuries is one of the most difficult things we can do however it is also one of the best things people can do. Having finances built upon credit is a risky proposition.