I got talked into buying a vehicle I didn't want in 2017. I was in a beater vehicle that had a 30% interest rate and treading water. It was worth $4k; I owed $12k. I went to a dealership to trade DOWN and get better interest. I ended up leaving in a new Rogue and out my savings.
I tried to tell the sales guys that I really was trying to pay down my debt and just wanted something more affordable that I didn't feel like I was throwing money away into. Believe it or not, I've not always been as assertive as I have been online. 😭
I told them the down payment they got me to was literally all of the extra money I had at the time, and everything else was tied up in paying down debt and current obligations. They stopped hounding me and I took possession of the car. My payments didn't change, so I was 🤷‍♀️.
That was, until, I went to register the vehicle. I wasn't approved if they rolled the sales tax and vehicle licensing fees into the loan. So they didn't tell me, and I didn't know to ask. They told me I needed to pay a cool $4,000 to register my brand new vehicle. I couldn't.
I drove this car around for MONTHS with no license plates. I spent thousands of dollars being ticketed and towed over that time, never even giving me the chance to come up with the sales tax. I was also going through this whole California tax thing that happened that ruined me.
I ended up contacting Nissan to do a voluntary repossession, and going back to the predatory lender who had given me the beater at 30%. I got into a vehicle with no money down, the car I'm driving now at... 30% interest.
I've been paying it down all this time, and just this month got to a point where it's worth more than I owe on it. @CarMax offered to buy it and I'm getting into a Jeep Wrangler (my DREAM VEHICLE) and sub 10% interest rate with 0 down. My emotions get tied hard into things -
and I can't express enough how much I hate driving my current vehicle, and not just because of the interest rate. It's not what I wanted, and the situation was one where I was manipulated and pushed relentlessly into making a purchase I didn't even want to begin with.
This feels like a fresh start and I'm so happy and excited 😭

My car payment isn't changing and I will be in a vehicle I actually want with no bad juju attached to it.

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