|
Someone in her situation should buy a cheap NEW car--something like a Hyundai with a great warranty. With a new car, she'll be able to buy it for little or nothing down and a good and possibly subsidized interest rate. You pay the $2-300 per month and that's your ONLY worry. If she buys used, she'll have to put 20%+ down and pay higher interest.
We have a guy who works here who's been through half a dozen bargain used cars in as many years. People who are struggling financially can be destroyed by a $1500 repair bill.
|