5yrs ago I bought, with cash, a 1996 Ford Explorer. It has about 300 thousand miles on it now. Odometer went out 4yrs ago, both back doors will not open from the inside, will not go in reverse when it is cold, 1 window will not go down, the cd and cassette players didn't work when I bought it and still don't and etc. DH kept insisting I needed a new auto.
I have never been an auto person but I found my dream car. It gets at least 2x the mpg that my suv gets. It is a 4cylinder and my suv is a 6 but the car had more get up and go than my suv. We had a 1/3 down payment. I had already added it to the budget; higher insurance, tag and all. I added it to the debt snowball. The day was set to sign the papers.
Then I got to looking at the numbers and even with the gas savings we would still be paying almost 200 more a month (the payment, higher ins and much higher tag). Not to mention that we still have 1 more debt in BS2. I couldn't do it. Maybe next yr.
I have never been an auto person but I found my dream car. It gets at least 2x the mpg that my suv gets. It is a 4cylinder and my suv is a 6 but the car had more get up and go than my suv. We had a 1/3 down payment. I had already added it to the budget; higher insurance, tag and all. I added it to the debt snowball. The day was set to sign the papers.
Then I got to looking at the numbers and even with the gas savings we would still be paying almost 200 more a month (the payment, higher ins and much higher tag). Not to mention that we still have 1 more debt in BS2. I couldn't do it. Maybe next yr.