From the article: I Can't Afford My Payment! What Should I Do?
We all make rash decisions, and foolish purchases occasionally, but when you do it with a car you may end up paying for it for a long time. What's the biggest mistake you've made? Or that you've watched someone else make? Share Your Mistake
Stupid impulse buy
- I had a great used car, Toyota highlander '01. My state inspection was going to be expired the following month but I still had major issues with the car, therefore I would not be able to pass my inspection. I decided to get another car because fixing my highlander would be upfront 1k-2k and I didn't have that kind of money to fix the repairs and pass my inspection. So I went to a used family Kia dealership and bought a used $6000 gmc envoy. I actually got approved for a loan which of course made me think nothing of twice when I decided to sign the papers. Now I am stuck with a $6000 loan for a gmc envoy that I absolutely hate because gas is a big fat stinking mess when you are constantly driving all over the city. If I could had just saved at least a grand, I could of saved myself from this loan and this used car and these now occurring car notes that I will be paying off for the next three years. My highlander just needed to be fixed, that's all. But I had to impulse buy and regret it
- —Guest 23 year old mess
Worst ever mistake of my life.
- I had a great vw golf that I traded in for an even better car ford mondeo, it was perfect and a fun car but then I made the most regretful mistake of my life and sold it and bought an opel monza, a car that nobody wants and the car with the worst trade in value, now im stuck with this falling appart piece of crap. Very sad choice I made!!
- —Guest Nico
- I know all you guys made a mistake and so did I , but let me give some advice , look at the car , get the best price, go home and think about it, if you feel , good about it the next day go and get it. best advice, believe me. grandad
- —Guest joe
Unexplainable Feel of Remorse
- I traded in my 2006 Scion for a 2014 Toyota Corolla. I had planned on trading it in August and save a downpayment by August. I was offered $6000 for my car, which made me take the deal. My new car payment is $340 of which $280 is paid by my dad and sister because I drive them around. For some reason, I regret changing cars even though I love my new car. It's bothering me so much. I can't sleep at nights, focus on work or anything. I am just hoping that this is just a temporary feeling. I know there is no turning back because trading it in will cost me so much money and will be another regret.
- —Guest Avalanche
- I bought a brand new 2013 f150 needed it for the winter but turns out itd just too expensive and if i sell it im going to lose too much money on it. I hate that I bought it when i couldve got a perfectly good truck for $20,000 less.
- —Guest Stressed to the max
- Sold my BEAUTIFUL 05 STS because it was going to need about 2k on repairs for a brand new Jetta. As soon as I pulled off the lot I realized I hated the car. It is so plain and when you accelerate sounds like a little ricer pos!!!! Paid 20k financed the whole thing and it's worth 15k so now I can't sell it! Should've put money into my beautiful car and kept it!
- —Guest Diamond
Dying A Slow Death
- I bought a car not even a full month ago that I paid 4xs what it was worth but I was eager to get financing after being turned down so many times and I needed a car to get me to work and school. The car had already had sensor problems causing it to shut off completely, crank but then shut right off. I got it fixed and then I throw it in drive and it doesn't move which indicates transmission issues. I still owe 16,000 and have a limited warranty and pretty much lost all hope in the crap car, I'm stuck for 3 1/2 more years. But I'm trying any and everything to rid myself of this car that I hate and the tags aren't even on if yet.
- —Guest NickyNNN
- I agree 1000% with you Gayle. There should be a federal law regarding car purchases that forces dealers to give customers a 24hr cool off period and caps the exorbitant dealer fees they tack on the purchases. Buying a car is like asking to be robbed.
- —Guest Virginia
Never walk into a dealer "just to look"
- I live in Miami and went to a Toyota dealer recommended by a friend. I checked online and saw a car I liked. Surprise when I got there it had already been sold. I was with my mother and my husband so we decided to look at what else they had. Nothing really called my attention but the salesman said to go inside with him and check the prices. Anyways long story short I bought a 2012 Nissan Versa SV with $27K miles for $12,500, they added $800 on dealer fees and another $498 for electroning filing plus taxes ect it turned to $15K. The car was listed online for $12988 and they went down to $12500 just for me. Guess what ? the discount is the $498 fee they will charge anyways. The car is only worth $10K as a trade in and advertised at $11,500 at other dealers. I can't believe I was so stupid to sign paperwork that day. Oh but they were not able to screw me on financing because I had already a pre-approved loan with my bank for 2.68/%. Do your research and stay away from dealers.
- —Guest Virgina
hate car dealerships
- I just bought a 2 0 0 5 Ford focus on August 10 with the extended warranty. Next day husband went in to tell them the clutch felt funny. They told him nothing was wrong with it. August 2 5 the clutch went out. And of course the 1400 dollar warranty I purchased doesn't cover it. Now they want me to pay 1200 out of pocket to fix it. Only had it 2 weeks never even made first payment on it. They guna impound it. And apparently there is nothing i can do except not pay for the car. milehigh sucks!!!
- —Guest destinee
Down grade pains
- I was recently in a car accident and my car (2011 Hyundai Tucson) was a total lost. Sad but great chance to catch a break in payments ($450 + 102 insurance) not to mention repairs I couldn't keep up and a 172 round trip commute to work. Saw a cute 2012 Ford focus and felt confident about the purchase. Got the paperwork finished and drove it off the lot that night. By the time i made it to work the next day I was pissed. This model has some type of crazy transmission that hesitates and shifts hard from 1st to 2nd gear. The dealership performed some type of transmission reprogram. The dealership was legit and the car is ford certified Bought this car 8/15/13. Needed the great low monthly payment $333, but not the headaches... Want to take it back!! No more used cars for me! Lesson learned.
$$$ warranty ??? NO ...
- In 2006 I struck a deal of $15,000 for a 2003 Volvo S60 with under 25,000 miles on it . This was 1/3 less than the dealer was asking for , but I did get snagged on the $1200 warranty they sold me up to 75,000 miles ~ it's a Volvo S60 ~ what the heck was I worried about ??? They were an excellent car ..... 102,000 + now ....
- —Guest Ice cube
stuck for life...fml
- Long story short. Over had slot of vehicles in my day and I'M 24. I was never satisfied with any of them. When it got down to me buying a truck for 23000 and then trading it back in, I got a Chrysler 200 which was 26000. Already from looking at their worth I got ripped off. I then got married and needed a bigger truck than the first one I had for fishing and surfing so I traded in that car for a Dodge ram 2013 for an unbelievable balance of 36,000 and it was a base model kind also. I recently tried to trade that in for a super cheap car with no incentives but they left me with no option but just to keep it. I pay 600 a month. I put my wife as the main signer on the contract. I just cosigned. She had way better credit. Point is, I am trying to somehow sell it so I can have 0 debt, and start over. Hay my wife Almost won the powerball lotto yesterday,one number off. Dam right. Well pray for us y'all that we get rid of this thing and start over now knowing how much dealerships rip folks
- —Guest chris
First time car buyer mistake
- I bought a 1999 Acura for 2K from my landlord, engine light on, 200k miles, both stickers expired, after a month of being angry at myself I decide to sell it, A guy came to look at it and found all the issues, brake pads failing, bad head gasket, and he offered me 1.2k, I rejected it because I thought it was a low offer, so I waited a week and no one else wanted the car, I called the guy up again but now he only wants to give me 1K. I'm tempted to accept his offer, i'm already down 1K, don't want it to get worse.
- —Guest DT
Wish I knew what I know now
- About a year ago I purchased a 2012 Escape because I was pregnant and needing a four door. Fed up with my used car having problems, I wanted a brand spanking new one. I loved the look of the SUV. Not really knowing how to get a better price and really just being taken advantage of, I let the dirtbag dealer basically make a big fat check off of me. Basically if I had known that you CAN talk the price down to be lower I would have saved at least 5K and that's a lot of money to me...well great I have to live knowing how stupid I was to make that mistake. I think I will keep it because selling it I would lose even more money..great
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