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.