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The first vehicle I bought was a 2010 Lincoln MKZ, and I thought I was hot stuff. β€οΈβπ₯
UNTILβ¦
My first trip to the gas station (it only had 17mpg) when I had to fuel it with premium gasoline instead of regular.
2 weeks later when I had to replace the tire rod and put all new tires on it for over $600.
A few months later when it kept dying on me on the interstate.
My first oil change that cost me $100.
A battery replacement that didnβt even fix my mechanical issues.
Insurance cost me nearly $200 a MONTH.
The black leather seats burnt my thighs in the summertime.
My first midwestern winter with front wheel drive.
The list goes ON. π
Needless to say, I regretted my purchase in no more than 6 months of owning it. To protect my own safety, I had to surrender my vehicle to a dealership (they basically paid me enough for it to make profit off of the scrap) and purchase a new vehicle while my poor Lincoln was still being financed.
My lack of research turned a fun, exciting purchase into a black hole for money I didnβt see again for a long, long time. When purchasing a vehicle, it is SO IMPORTANT to consider all of these things. I sure wish I did. π
Now, I drive a RAV4 Iβm not totally smitten with, but itβs serves my purposes, itβs totally reliable, the insurance payment is far more forgiving, and it gets me safely from Point A to B. Iβll buy the car of my dreams under more educated circumstances, when I have the money to do so this time. π¬
#buyingacar #lemon8partner #personalfinance #moneytips #biggirlpurchase #wisdom #savingmoney #smartdecisions #money