How This EveryDollar User Bought a Car in Cash

How This EveryDollar User Bought a Car in Cash

Lucas paid cash for his very first car, but when it died, he thought he was done driving older cars. Instead of saving up to pay cash or buying something in his price range, he turned to financing. “When that first car died, I decided I wanted something newer,” he explained. “So I took out a loan and bought what I wanted.”

He didn’t love his purchase for long. Even though he bought a used car, he still brought home a used car loan. And it sang to the tune of $390 a month. Ouch!

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