How bad is it actually to have a car payment?

So it’s been drilled into me by family/Dave Ramsey course that I had to take in school that you should never have a car payment. I’ve been driving a 2013 Fusion that was paid for in cash for the past couple years, but have had nothing but problems and have poured money into it. Recently have gotten stranded in inconvenient places with no service, had to get it towed twice, found out it’s issues will be recurring and the nail in the coffin was hitting a deer on the highway (the car will be totaled). I really want a mid sized pickup so I’ve been looking at Tacomas, but vehicles are just so expensive. I found a 2018 Tacoma for 30,000, only 50k miles on it, I can do a pretty hefty down payment but I’d have a loan. I have a degree and no college debt or debt of any kind, I don’t make amazing money but it’s a payment I feel I could afford and I have minimal other expenses right now. I just want something reliable that I can feel safe in and that I can drive until it dies, I’ve looked at cheaper options but they’re all quite a bit older/higher mileage. Wondering if anyone has thoughts on if it will be worth it? submitted by /u/BeThouMyBattleShield to r/personalfinance [link] [comments]

💬

Be the first to comment on this discussion.