Afaik, it has no accidents, and the family is selling it because their kid is moving countries. Has only about 23k miles on it.
My overall net worth is $30k. I’ve saved all I can from jobs, don’t pay rent right now (will be paying rent in about 5 months) and don’t have any debt. I could take out a loan to help pay it off but I’m considering just biting the bullet and paying cash, how stupid is this move?
I make about 20/h and work fulltime, and since I’m with my parents I don’t really need to spend a ton on food or anything. My total monthly spending ranges between 300-600 (300 is pure necessity average, no going out or impulse purchases)
I can probably sell my current car (2010 Ford Focus) for about $2.4k. I’ve never bought a car so this would be the first ever big purchase. It’s a good car but I feel like it may be out of my range realistically.
What is wrong with your current car? Why does it need to be replaced? If it does need to be replaced, why does it have to a 2023 model?
Imo, if you’re not financially independent (i.e. not relying on your parents, own a home, emergency fund in place, retirement and pensions sorted) then you don’t need need to buy a car that new. It’s fiscally irresponsible. But I realise most of the US is trying to keep up with the Jones and feel the need to have a new car because it’s a new car and everyone else has a new car.