DellTheLongConagher t1_iyf81cv wrote on November 30, 2022 at 11:09 PM Reply to Did I make a stupid mistake buying my first car with bad credit? by LupinChronicles The mistake was buying a new car. As that means you're eating maximum depreciation and it costs much more to insure. Therefore, financing it doesn't make economic sense. Like time_wasting_student said, you'll outpay the value of the car a considerable amount. Permalink 0
DellTheLongConagher t1_iyf81cv wrote
Reply to Did I make a stupid mistake buying my first car with bad credit? by LupinChronicles
The mistake was buying a new car. As that means you're eating maximum depreciation and it costs much more to insure.
Therefore, financing it doesn't make economic sense. Like time_wasting_student said, you'll outpay the value of the car a considerable amount.