Hello Sonja. Yes, $150.00 every two weeks, so $300.00 a month. 
I'm thinking about buying a new used car, and if I finance the one I have in mind I'd have payments of $300 a month, so feel free to just forward it to me.
Normally I wouldn't splurge on a car (2015 Civic) but my son faced a tragedy and I feel like I want to help him out. He has a scooter but had been using my car during winter months. He looked for weeks if not months to buy his own car -- as you've probably heard, it's a terrible time to buy, and he kept finding cars only to have owners ghost him or whatever. So he finally found one -- a 2005 Acura with 180,000 miles for $4,000. So not a fantastic car or anything, but had such a nice looking, unblemished exterior it practically looked new. He seemed proud of it. Then a month later he comes out of his girlfriend's apartment in the morning to find someone has hit and run it -- bashed in the side, knocked the wheel out of alignment, tore off the rearview mirror. Estimates to fix were $4-5,000 for the mechanical AND $5-7,000 for the body. So it's totaled. And he didn't have comprehensive, so he's out $4,000. His dad and I, feeling sorry for him, wanted to help him out.
Which is why I'm thinking I might buy the Civic and give my son my own so-so 2013 Ford Focus, 110,000 mi. I bought THAT one for $4,000, but through a relative so it was actually worth $5-7,000. If I buy a different car, Mike will either give me money upfront (which he was going to give Cy for repairs or different car of his own), or keep paying me the amount he's been paying me because his career was so advantaged by my taking care of home and kid stuff forf 15 years. He was considering cutting way back on that. But the current amount he's paying me happens to be about a $20 less than what my monthly payments would be for the car if I put $2,000 down. And I'm hoping for a substantial tax refund but haven't heard from my tax guy yet (I gave him my docs just a week or so ago). So if I my taxes are anywhere near my down payment and I finance the rest, it's almost a free car!
Just checked my credit score on my bank site. (I'm doing all the math!) If I took out the auto loan above, my credit score would go down a few points but still be well into excellent! And I don't plan to borrow anything more in the near future (knocks on wood).
BTW, I didn't even consider any other cars besides a Honda Civic. I had one before, I know they're consistently rated one of or the best cars by Consumer Reports et all, and this one got great scores and comments on the Kelly Blue Book site.
Topic: Cellar Scribblings (Read 14086608 times)