Part 1: https://www.reddit.com/r/PersonalFinanceCanada/comments/ypmq5f/is_a_500_a_month_on_a_vw_jetta_2012_a_good_deal/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

The man is in denial people! I found the paperwork about his car: he is actually paying 30% in interest fees! He had 15 days return policy but that went out the window when he damaged the front bumper by speeding on a speed bump.

Im sure he realized it’s a bad deal, because he tried to trade it in for…wait for it… a brand new Dodge Ram 2021, he took me with him because apparently my people skills will make it easier for him to get a deal. We weren’t laughed out the dealership, but he gave the salesman and his manager a panic attack after they found out about his financials! They were worrying about it as if they had my brother-in-law’s money problems.

You’d think the man will stop this nonsense and just adjust to this reality he put himself in. Quite the opposite, he is trying to sell it off for, you guessed it, $30 000. He is convinced that he can do it.

Not sure if I want admire the persistence or despise his ignorance.

Moral of the story: -do your own research before getting into any financial commitment -even after research, get some second opinions from trusted people but the decision maker is you! -NEVER BUY a 12 000$ VW 2012. -And lastly, if you have easy access to public transport, really ask yourself if you NEED a car.