Friday, April 9, 2010

frustrated and hungry.

My boyfriend has a perfectly good Honda Civic that he got when he turned 17-years-old. It was brand spanking new when he got it. Now, he's looking at getting a 2010 Jeep Grand Cherokee. How he's going to afford this $40,000.00 car? I have no clue.

He says that by selling the Honda, working with his dad, and figuring out a finance plan that works with his earnings, he will be able to pay it off.

I see so many red flags!!

I've been taught never ever ever to finance anything. My parents have yet to finance a car and as a result, they have a very good line of credit. I know you can still have a great credit if you pay off what you've financed, but Nick, being a young man without even having half of what that car is worth, worries me! 

I've always been brought up to only buy things if you can afford it. If you can't, you work hard until you can! 

I know Nick's young and like his dad, he wants to spend his money.  There's one problem though; he has three more years of school left to complete his Undergrad. If he wants to go get his Masters or do anything else, that's a completely different story.

I can't even afford a $4000.00 car!! My parents will never buy me a car. They won't pay for insurance. They won't pay for gas. I have to do it all on my own - thus, why I don't have my G2, yet. 

Nick on the other hand, doesn't have a very good understanding of just being happy with what he has. If I had a Honda Civic worth $12000.00, I'd be counting my blessings.


Danica said...

sounds like he's spoiled a bit. i agree that it is very much so a red flag. :/

Bumpkin on a Swing said...

You have very wise parents. Listen to them!

A@ Please Don't Eat Me! said...

yea ... i went the route of buying a new car when i really shouldn't have.. it hurts to pay that bill every month! if hes not working full time, and not even out of school- there is NO reason to buy a 40K car. NONE. when hes graduated and making the big bucks, that can be his present to himself lol

Susan said...

I totally agree with you- never finance anything! it feels good to know that you have worked for something. a Honda is good enough I think... why to get into debt when you don't even need to?
try to convince him :)