I'm refinancing this terrible loan and the bank person grimaced when they saw this.
this post was submitted on 03 Apr 2025
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I cannot comprehend owning a $5000 car.
That's insane that some people have up to 5k to spend.
We don’t - hence the loan
I bought my 2008 Toyota Sienna for $4500. I talked him down from $4900.
It had:
I bought that van because 1) it was a really good price, 2) engine and transmission are in really good shape, 3) rust-free, and 4) I knew what most of its issues were before I bought it and was able to fix it all in my garage.
Also, I have 5 kids, so the minivan was a necessity. $5000 is the bare minimum for a family car these days.