I’m going to make this a short story. I got kicked out of my mom’s house for no reason. I had a 2017 Mazda and put a lot of money into it. When my mom kicked me out, she swore at me even though I had just spent over $1,000 to get the Mazda back on the road. A couple of days later, she kicked me out again, and I couldn’t take the car because it was in her name. So, my options were limited. I bought this used 2012 Honda Accord, which has never been in a car accident and has 119,235 miles on it. I had someone look at it, and there were no problems. With financing, the total cost of the car will be $16,700. I work full-time and get paid $15.75/hr. This is really the only bill I have; my dad says I don’t have to pay rent, he just wants me to finish college. I’m a junior. Also, my car insurance is about $135 a month. Is this a good deal? I am a little bit behind on credit card but that should be fully off paid in may or June. Have like 9k in college debt paying that off after college .
original posted by xcattle85 to r/personalfinance on Sat, 02 Mar 2024 19:20:10 GMT.