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- #31
But that was a choice you and your wife made. You very well could have gotten something even cheaper if it really was such a financial burden for you. I'm sure you guys worked out the math before-hand to be sure that it'll be worth it and attainable in the long run. This was my first new car as well, I've always gotten used cars. I'm currently single, so only one income here, and my last vehicle was over 230,000 miles when I traded it in for the Maverick. The change is that now I'm at a job where I could finally afford a new car. But yes, it being at least an affordable car definitely helped. I'm financially stable but not going to spend $70k on my dream new Bronco, lol, I wish... But I'm sure someone somewhere in the same financial situation as I am did that and will regret it later...For me this $27,000 loan is a huge loan. Its the only new car I've bought at 38(my wife is 46 and her first new car too). We both work 40 plus hours a week. And $350 a month is going to be a big expense for us. I have never been in debt by more that $3000 in my life. Also never had that much in long term saving either. The majority of this country is living literally paycheck to paycheck just like me. I just see more people slipping into poverty than moving up in class. Its kind of been going that way since the turn of the century. Rich are getting richer and the poor and just getting by folks are getting less and less every year ability to find the "American Dream" every year. Cheap utilitarian multi-tool cars will be making a comeback for sure.
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