Quote:
Originally Posted by RANDY P
I know this Oxy cotin addicted dumb ass from my days @ Boeing-
Bought a 10 y/o Malibu, (KBB around $3K), for $8K and had to put $3K down, the remainder @ 25%
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I had no idea how these places worked. A couple of years ago, my aunt was worried her daughter was spending too much on a used car, a 2004 BMW 325i. I told her they weren't that pricey and decent cars, and I could help with repairs as I used to own one, so no worries.
Recently my aunt said the car was repossessed. "How? It was paid for!" Nope - what I thought was a reasonable
purchase price had been the down payment, and she's been paying on a 13-year old car for two years! I can't believe she's spent about ten grand, all told, with nothing to show for it. I really wish they'd explained what she was doing at the time.
