#CarRegret #CarPurchase #CarBuyingTips
Feeling Regretful About Your 13k Car Purchase?
So, you recently made a car purchase that you now regret. Don’t worry, you’re not alone. Many people find themselves in a similar situation of buyer’s remorse after buying a car that may have seemed like a good idea at the time, but now leaves them feeling financially strained.
Assessing Your Financial Situation
When it comes to buying a car, it’s important to consider your budget and financial situation carefully. In your case, as a teacher making 73k annually with rent at 2k and no major expenses, it’s understandable why you may feel like the 13k car purchase was too much.
Was the 13k Car Necessary?
It’s important to assess whether the 13k car was necessary for your situation. While having a reliable car for work is essential, there may have been more budget-friendly options available that could have met your needs without breaking the bank.
Managing Buyer’s Remorse
If you find yourself regretting your car purchase, it’s important to take steps to manage that remorse. Consider talking to your dad about your concerns and see if there are any options to revisit the purchase or find a more affordable solution.
Exploring Alternatives
If you’re feeling overwhelmed by the financial commitment of the 13k car purchase, consider exploring alternatives. This could include selling the car, refinancing the loan, or looking for a more budget-friendly option that meets your needs.
In conclusion, it’s okay to feel regretful about a major purchase like a car. The key is to take steps to address your concerns, assess your financial situation, and explore alternatives that can help you feel more financially secure. Remember, it’s never too late to make changes and take control of your finances.
I think it was a good purchase because the chance that ex rolls to 250k miles is pretty likely.
Say you bought an 8k shitter from a less reliable brand – you may quickly have a costly repair. 3 or 4k that you have to pay to just get back on the road.
That seems like an average/ slightly above average price for that car. Yeah, if you got it for 8-10k it would’ve been a great deal. But it’s not bad. I think it’s a responsible price for your salary.
Lexus/Toyotas are know to be the most reliable vehicle you can buy. It will most likely last you another 10+ years with regular maintenance. Pay it off and get rid of that interest ASAP.
I’m in the car business if you payed asking or anywhere close you probably did pay a little too much but you can always sell the car yourself and get out the loan. You’re not stuck in it because it’s financed there’s ways to get out of it and not hurt your credit.
That thing will likely last you 10+yrs and another 125k miles.. I haven’t priced them recently, but my RX ran so many miles without any type of problem. Currently have an Lexus NX and it’s been worth every penny.
I would also regret buying 13,000 cars, that seems excessive
If you were talking about a used BMW or Mercedes, then yea, that would’ve been a bad choice, but with a Lexus, you paid upfront for reliability. Over that car’s lifetime, you’ll spend less on repairs and it’ll last longer.
It sounds pretty reasonable to me. Solid make so it should last a while. Its relatively low interest and only 30 month term. Payment is less than 5% of your income.
Only issue is slightly high mileage, but on a toyota thats not a huge deal assuming its in decent condition.
Im not sure how much car you can get for $8k, it would probably be pretty far into beater territory these days. Seams like anything reliable is going to be in the $10-15k range.
Are you worried about having a monthly payment, or that its a lexus so you feel like its too “luxury” for your budget?
you can never go wrong buying a toyota/lexus product, and if you plan on driving it into the ground then i say you will get your money’s worth.
I just want to say girl (or man), I get it. I make the same amount as you do, although my rent is about $700 less. I recently verbally agreed to buy a $29,000 car new (model year 2024) to replace my ’19 (which I had bought new then) and filled out a credit application but signed nothing else like a purchase order. I tried to place a deposit on the car, but their credit card system was down that day, so they agreed to hold it for me free of charge as a courtesy since I bought my last car from them. The car was an incoming delivery, so I knew I’d have to wait about two weeks for it to be on the lot, but that it was mine when it did. It ended up coming on Friday and I schedule pickup for today (Tuesday).
With interest rates the way they are, my car payment would go up about $150 a month and I just decided I wasn’t that into the car. While I had gone so far as to schedule pickup, I emailed the salesperson and told him that I wasn’t going to come to the pickup appointment (at this point, the next day) to get the car. Since I had signed literally nothing, they got the short end.
But I don’t regret my decision. There’s nothing wrong with my car, I just kind of wanted a new one. I thought about it but decided against it, so I can understand why you feel the way you do.
But, after reading your post, I don’t think you overspent, except that it has a lot of miles on it, but those cars are pretty reliable even at high mileage. $8k is pretty much a tin can in this day and age, so I don’t think you would have found a reliable commuting vehicle for that. A $275 monthly payment over only 30 months is very reasonable. Mine is $415 on my current car and would have been over $560 on the new one. Maybe when the rates come down, I’ll think again.
The car is fine. The bigger issue is why do you allow anyone to make you feel pressured to buy anything.
You’ll be good. That car is legit.
Avoid used luxury cars. they are fixer upper.. the thing take only premium gas and repairs will always cost more due to the premium brand…
I would just go with a used Corolla but you already have the Lexus so just do regular maintenance on it
I think you’re overthinking it.
This Lexus is a solid car and will last you a long time. If the monthly payment is bothering you – why don’t you just put some more effort into saving money and paying it off faster? You only owe like $7k on the car anyway.
You took a major upgrade. You will save money in the end. Dad is wise 🙂