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WalmartAisleShitter t1_iyeyxdc wrote

Reply to comment by sudointj in Purchased new car when I only drive 300 miles a month and work part time by [deleted]

I was also looking for used cars with them and they agreed that prices, even for a recent car were pretty bad. I also overestimated how many miles I was going to drive.

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sudointj t1_iyezh2n wrote

That's not what I meant.

You make 600 and thr car is 300. You didn't even tell us your insurance. I am sure that your whole paycheck will be lost in that car.

Thr fact that your parents agreed to the consigning. I am just baffled.

Could you have just gotten a scooter or motorcycle. Or what do those cool kids rode in these days. It's like a skateboard with handle and a small electrical engine.

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MikeWPhilly t1_iyez7e9 wrote

Timing is sort of bad all the way around. Used prices are in the process of dropping quickly, even new prices are adjusting down to MSRP and some discounts again.

So selling would be bad. As to low mileage, that will just help you in the long run and the car should last longer. While it’s not ideal it’s not exactly an end of world mistake assuming you aren’t having any problems paying for it?

but no selling it would make no sense. You’d have to probably wait about 3.5 years on the loan before it starts to make sense.

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