Car blues. :( Could use some advice from the experienced. - The Horse Forum
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post #1 of 24 Old 02-08-2016, 04:58 AM Thread Starter
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Car blues. :( Could use some advice from the experienced.

Man this whole car owning and buying thing sucks.

I sold my truck two years ago because I couldn't afford to drive it, and bought a car...Said car has saved me a lot in fuel but has had a lot of problems. My old boss backed into it with a tractor and left a good sized dent he never fixed, my dog has left so much hair on the inside, it's eleven years old now and it has no special things about it. It's just a plain old stick shift white car.

Now, it's not gonna die on me like, tomorrow per se...But man the longer I have it the more I just know I need a new one.

I don't make very much. I work 40hrs a week but hardly any money actually stays with me, it goes to all my bills (Rent, phone, utilities, horse board, dog food, hay, car insurance) and it makes it almost impossible to save. I maybe have a couple hundred saved, and that white car is going to be worthless to trade in. It blue books out to like, 500 on a trade...Maybe.

I guess I'm kind of ranting but I also have questions. I have never bought a new car before. I've had exactly two vehicles, both I bought outright with money I got from flipping a horse (An option I do not have right now, and something I am not really willing to gamble on at the moment either. I got lucky with the past three horses I flipped and I am not sure that luck is something to bet my finances on)

I have medical bills that have made my credit...Not great. It's not bad, but it's not very good. I make my monthly payments to the hospital, but I have missed one in the past. I have no other credit other than that.

My insurance is stupidly expensive, given that I have done absolutely nothing to deserve it. The lowest I have gotten it to is $130/month, no accidents, clean slate, very little driving (I'm four miles from work) and consistent job/housing/insurance. Very frustrating. Is this just because my car is old? My partner, who has a DUI for god's sake, only pays about $30 more than me a month.

What could I expect from a monthly payment if I did somehow manage to get a car through a dealer and scrape up a down payment? Is there a general average? I know it goes based on other factors such as cost and the individual plan...But is it realistic to expect I could throw out 200/month (roughly)? Any tips on how to make it as low as possible without suffering through high interest?

I have been shopping...I don't want an amazingly fancy bells-and-whistles car, but I want something safe with good gas mileage that isn't a miserable hunk of metal like my current car is. I am just terrified that I am going to get something, and find myself unable to afford it...

As you can see, I am clueless. I have never even interacted with a dealer before except when I was a kid holding Mom's hand while she bought her new car almost thirteen years ago. I have no idea what I'm doing.

Pssh.I didn't pick up the wrong lead
It's called a counter canter...
...A very advanced maneuver.
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post #2 of 24 Old 02-08-2016, 05:20 AM
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A new car us a foolish choice for you . Look for a used car . If you are going to finance it, link for our that has one year left I it's warranty. Second to that, if it's too expensive, look for a reliable make that is under 50,000 miles. My 1999 Honda Accord is one of those cars that goes forever with few problems. But it is a plain Jane car.
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post #3 of 24 Old 02-08-2016, 05:46 AM
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Originally Posted by SorrelHorse View Post
My insurance is stupidly expensive, given that I have done absolutely nothing to deserve it. The lowest I have gotten it to is $130/month, no accidents, clean slate, very little driving (I'm four miles from work) and consistent job/housing/insurance. Very frustrating. Is this just because my car is old? My partner, who has a DUI for god's sake, only pays about $30 more than me a month.

What could I expect from a monthly payment if I did somehow manage to get a car through a dealer and scrape up a down payment? Is there a general average? I know it goes based on other factors such as cost and the individual plan...But is it realistic to expect I could throw out 200/month (roughly)? Any tips on how to make it as low as possible without suffering through high interest?
Most insurance companies factor your credit score into your rate because they claim that statistically people with better credit scores are a lower risk. That said, at least in NC, auto insurance rates vary widely between companies for the same coverage. Try talking to an independent agent about insurance. If you haven't already, look at CreditKarma online, too, as they have tools that can help you find better insurance and loan rates.

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On the seventh day, he Painted the good ones.
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post #4 of 24 Old 02-08-2016, 10:55 AM
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I would try to find lower insurance. Also, do not buy new ! You can get a 10 yo car (especially a Toyota or Honda) that is nice and still had a ton of life left. Your payments will also be lower the more money you can put down up front.
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post #5 of 24 Old 02-08-2016, 03:27 PM Thread Starter
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Just to clarify I did not mean a new new car, I meant a new to me car. It would definitely be something used and financed. My car is used for so much stuff, it would be stupid to get something shiny and fancy even if I did have the money - My dog would just cover it in hair or I'd get horse slime on the seats or something. lol

Pssh.I didn't pick up the wrong lead
It's called a counter canter...
...A very advanced maneuver.
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post #6 of 24 Old 02-08-2016, 03:33 PM
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I'd drive the old car till it dies. Start saving right now what you'd think you'd make in a car payment. Then when the car dies you'll have that towards a used car. Never buy new..... its not a smart financial move.

Don't buy from a dealer.... buy private party. You'll save a lot that way

Who knows.... when they car dies maybe it would be something you could fix yourself. Google and Youtube are amazing.

You only are 4 miles from work? I'd take to walking or bicycling to work
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post #7 of 24 Old 02-08-2016, 03:43 PM Thread Starter
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It is not safe for me to bike to work. We are on a busy highway with lots of blind corners and also my driveway is about half a mile of dirt straight uphill with a cliff on either side, and quite frankly I am just not interested in doing that in the dark on my way home. Otherwise I would.

I have always bought from private parties but the issue is needing to finance for payments. I have been putting away money. I am not necessarily interested in another terrible 2k car though that is only going to last me three years, I am more interested in maybe a smidge more for the car who will last me five or six years. I'm not looking for a huge upgrade, and if a cheaper safe car came up I would TOTALLY take it, but after my last two I am just not willing to cheap out for something crappy again. That is my dilemma.

My partner has offered to come and be sure I don't get cheated by someone (Dealer or private party) as while I am sure I could recognize any obvious red flags about a car I might not get some of the more subtle ones.

Again, definitely not interested in brand new, probably never will be - But it was my understanding a used car dealer and a financing option was going to be my best bet.

Pssh.I didn't pick up the wrong lead
It's called a counter canter...
...A very advanced maneuver.
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post #8 of 24 Old 02-08-2016, 03:47 PM Thread Starter
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On my current car we have replaced the clutch, brakes, battery, injectors, and something else I didn't quite catch all this year. Some of that was me, some of that was a present from my dad and I didn't know he was doing it. It also has brand new tires. Man I am hoping it lasts long enough to at least make use of its new gear, I actually do love the little car for a Doggy-Mobile but at this point I am just waiting for death.

Pssh.I didn't pick up the wrong lead
It's called a counter canter...
...A very advanced maneuver.
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post #9 of 24 Old 02-08-2016, 06:38 PM
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Before you do anything, go to your bank and see how much you can get for a loan
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post #10 of 24 Old 02-08-2016, 06:49 PM
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go to a dealership and look for year end 2015's, we just bought a new 2015 sonic had a 20k sticker, and we got it brand new for 13k after taxes, since all the discounts and such, has a remote start, and loaded up etc. It gets 35 mpg, and has a full warranty. They told us they can get financing for some people with terrible credit, and had no problem approving us. Yes new cars lose value, but what we paid for the car out the door, carmax was willing to give us more than we paid for a trade in with 2k miles on it..LOL. Payments were 17.00 per 1000 financed. And having a friend who is an insurance broker, older cars cost more to insure because they are deemed old and unreliable sad but true, they figure they are going to fail/ break down and cost money, so they charge more to insure them

Make it idiot proof and someone will make a better idiot.
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