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My dad wants to buy a new car when he still 40k-50k in debt from a previous vehicle purchase. What should he do? : personalfinance

https://old.reddit.com/r/personalfinance/comments/w6u1u7/my_dad_wants_to_buy_a_new_car_when_he_still

My parents took out a loan and bought a jeep back in 2019 and now they don’t drive it because of the gas prices. My dad does Uber for extra money and says that it would be better if he buys a hybrid to save on gas.

Also whenever I bring up budgeting he hits me with the “it’s not that simple” talk

Also

I think you should pay out of pocket for your dad and mom to sit down with a financial planner or an accountant, a well-reviewed one who charges by the hour (avoid salesmen who will try to sell your parents investments and make money on commission).

I brought up talking to a financial advisor but my dad told me “what is he gonna tell me that I don’t know” .I even offered to pay for the session. Today is my last attempt to try and help him. After this I’m not helping

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More people need to lease cars. I’m fricking serious.

I traded in my old 2005 f-150 with some cash in feb for a 2022 f-250 king ranch and though I don’t technically own it, I pay peanuts for it and at the end of the lease you just sell it back to them since trucks are always in demand and wave milage limits for another brand new truck. Buying and owning vehicles is such a scam unless you’re a rentoid I suppose.

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:#marseysmoothbrain:

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