Home > Great new car; horrible new debt

Great new car; horrible new debt

April 24th, 2009 at 05:52 pm

Well, my old car finally died and I had to get a new one. My new car is a 2009 Honda fit sport and I love it. What I don't love about it is the new debt of 20,000$. Yeah, I probably should have got a cheaper car but my mom, who said this was gonna be a gift, insisted I get a brand new car that was safe. She kept insisting that this was the only time she could afford to buy me a car and I should get one I want. As soon as I get the paperwork signed is when she announces to me that this was a gift in that she'll pay for some of it. I am a tad bit pissed. If I knew she was gonna do this I would have waited until August and have worked overtime to save up money. *sigh* oh well. Its done with now I guess. I'm gonna sit down with her today and figure out what "I'll pay for some of it" means. Exactly how much is that? Half of it? a thousand dollars? Five bucks? I'm a little ticked. Just a little.

8 Responses to “Great new car; horrible new debt”

  1. Joan.of.the.Arch Says:

    Parked next to a Fit yesterday and looked it over nosily. I figured it for $15K going by looks only. Don't know anything about it. Hope your Mom has something good in mind.

  2. Beatriz Says:

    actully i pass the same experience last year, my mom toll me she was going to help with my car debt so i belive her, well actully she helped. First i tall to her with pice, and told her wath was i specting from her, we make some arrenchment with owr (presupuestos) and pay wath actully wich want really can.
    Naw your kind of piss but keep in mind a positive thinking.

  3. baselle Says:

    Its funny how we talk about a new car for its "safety" as we assume an unsafe amount of debt to buy it. Sorry to say, but your mom doesn't strike me as being an honest broker here.

  4. ceejay74 Says:

    That's too awful. Is it too late to return the car? I'm so sorry you got tricked this way by your mom--I can't imagine taking on that much debt without my consent.

  5. Apprentice Bliss Hunter Says:

    I've a Honda Jazz - the Fit under a different name for European market - Great car - good choice !!

    I bought a 2004 Fit last year and it is as good as new - the only thing I would say to you is that if you really hate debt, you can get a PERFECTLY good 2004 to 2006 Fit for really good money in this economy.

  6. NJDebbie Says:

    I'm sorry you were misled about the car. We bought a 2008 Honda Fit Sport last March for my son (blazing orange)for a price tag of $16,500 including tags, taxes and registration for 4 years. We are very happy with it, very economical on gas and the perfect car for him. Aside from your debt, at least you'll know that you have a reliable car. Take care of it, you've invested a lot of money on it.

  7. monkeymama Says:

    I'd return it if at all possible. $20k for a "safe/reliable" car is insane in my opinion. Unless you had the cash. There is plenty safe/reliable for 1/10 the price, if you ask me. (PArticularly in this economy).

    Anyway, I have to disagree that you know you have a reliable car just because it's new. Another fallacy. You bought repuation. WIll hope it stands up to its reputation...

    As such I can't believe your mom did that to you, for sure. I'd be careful accepting any *gift* in the future.

  8. whitestripe Says:

    it's called a honda jazz here too, and they're pretty good cars. hopefully everything works out well for you. it must be exciting having a new car though!

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