https://old.reddit.com/r/personalfinance/comments/w4xta8/im_making_2236_an_hour_but_im_4256915_in_debt
My car payments are 230.46 and my insurance is 423.16 monthly and my credit cards are 8000 dollars in debt what’s the fastest legal way of making money? My monthly take home pay is 2400 dollars I live at home and my pay is by weekly I work 40 hours
I live with my parents I pay 300 a month for rent
My insurance is that high because it’s brand new and it’s my first car
I was pressured into buying the car by my dad and I don’t know how to sell cars
He knows people in the car dealership and he used to be in the buisness
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Dude sold an overpriced, brand new car to his own son lmao
What a chad
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While also charging him rent
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$230 on a decent new car isnt bad tbh, guarantee you dad doesnt want calls at night about redditstrag broken down on his way to a loli convention. its the insurance thats fricking him
edit - this dude had to have his numbers swapped, $230 x 84 is like $20k so before interest it would be low 20s or in the teens and you aren't getting new cars for that anymore, except maybe a mitsubishi mirage
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Base Corolla starts at $20k, base Sentra below that, there are tons of shitboxes you can theoretically get for that amount
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yeah and finding anything at msrp, plus 7 years interest for a young buyer? i thought the same at first but also to get to $42k in debt $25k and $8k CC debt dont add up.
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His numbers are fricked but its still possible to get cars at msrp, I picked one up last month lol. I have an excellent credit score and my annual salary is like 10 times the price of the car but they still tried to con me into a 7 year financing term. Thats the default now
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ey congrats, i know its possible, just this cat doesnt sound very savvy so most likely outcome and all that. yeah the 84 month term is wild, i tell most people you're better off leasing and taking the buyout if you think its still worth it cus most ppl dont keep a car more than 5ish years now anyways iirc
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