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Impulsive car buy that I regret

Impulsive car buy that I regret

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by: Zokomo Active Indicator LED Icon 6 OP 
~ 8 years ago   Dec 6, '15 8:36am  
Briefly:
I bought a used car about a month ago and now have terrible buyer's remorse. I can make the payment, but realize it's going to be a stretch.
 
So stupid of me Emoticon
 
Should I go back to the dealership and see about getting something more reasonable?
 
Go to Carmax and see if they will buy it?
I'm really down about this. 4951
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tatertot58 Active Indicator LED Icon 15
~ 8 years ago   Dec 6, '15 8:40am  
If you really want to sell it maybe try Texas Direct Auto.  They are over by Texas Roadhouse.  They seem to pay a little more than Carmax.  If you go back to the dealer wouldn't you be upside down and make the situation worse?  But I guess that would depend on the car you have and the car you get.  I would have gotten buyer's regret the next day...  😔 4951
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Zokomo Active Indicator LED Icon 6 OP 
~ 8 years ago   Dec 6, '15 8:42am  
Thank you, @tatertot58I'm really sad and embarrassed about it.  I guess i could try that place Thank you for your kindness 4951
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beadweaver Active Indicator LED Icon 8
~ 8 years ago   Dec 6, '15 8:48am  
That breaks my heart to hear.
Can you take a part time job doing something you love to make up the difference?
Do you know someone you trust enough to share the car?
Can you use it to make the extra money doing pick up and delivery?
Best of luck in your decision.
4951
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Zokomo Active Indicator LED Icon 6 OP 
~ 8 years ago   Dec 6, '15 8:51am  
I know I don't deserve any sympathy over this, but thank you @beadweaver!Will most likely try to sell it and get something much cheaper.I don't know what happened to all that Dave Ramsey training i had 4951
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TXtransplant Active Indicator LED Icon 13
~ 8 years ago   Dec 6, '15 8:54am  
Sell it personal if you need to. Carmax pays trade in and if you can hold out for a bit..money in your pocket 4951
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Mahm Active Indicator LED Icon 9
~ 8 years ago   Dec 6, '15 8:57am  
Those salespeople are very convincing. When you tell them a payment you can afford (i.e. $250), they are trained to say, "so, $250... Up to $300?... No more than $350?" All while they are smiling and nodding and getting you to nod with them. During the test drive, they ask you questions that you will only say yes to, to get you in "yes mode." They are trained to play mind games and some of them are very good at it. It happens to the best of us. 4951
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Zokomo Active Indicator LED Icon 6 OP 
~ 8 years ago   Dec 6, '15 8:59am  
So true @mahm Emoticon 4951
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beadweaver Active Indicator LED Icon 8
~ 8 years ago   Dec 6, '15 9:13am  
I know I don't deserve any sympathy over this, but thank you @beadweaver!Will most likely try to sell it and get something much cheaper.I don't know what happened to all that Dave Ramsey training i had
 
@Zokomo:
 
I know how your feeling. Been there. I always had road jobs and bought used. No sense on buying new and beating it with 1500 miles a week or more.
Well, in 2012 our car and truck became money pits. Then a teen hit and ran us. Needless to say the body shop's paint job was unacceptable. I could do better outside on a windy day.
I fought, got a brand new car with 27 miles to use. I traded my truck in. A week later the body shop manager bought the car for his teenage daughter and we bought another with 6 miles. We got great price and interest. We also have nearly $1,000 a month in payments. After 9 years of no payments it's hard. Needless to say 9 months later my mil went to a nursing home for alzhimers and it's on us.
Some months it was a struggle but we made it to the light at the end of the tunnel.
Take a moment and breathe. See if there are things you can do without.
When we ran into trouble, we ditched the cable, internet, and lowered our food budget. I now bake treats and cook from scratch. We stopped eating out and going out to have cocktails. I drink three jugs of rum a year, that's $60 plus soda. If I go out most places charge me $7.50 plus. Just one at that price a day costs $2,737.50.
We still get our music and art fixes as we hit up free or low cost events. We do spend a lot of time in the forest ( my happy place) or at the lakes etc.
Get creative and I bet you can swing it.
 
Btw buying new gave us 1.9% interest, used with 40,000 miles was 4.9%. 4951
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Zokomo Active Indicator LED Icon 6 OP 
~ 8 years ago   Dec 6, '15 9:14am  
@txtransplant where would I sell it? 4951
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sh56 Active Indicator LED Icon 13
~ 8 years ago   Dec 6, '15 9:22am  
Texas Direct guarantees to beat CarMax price...take it to CarMax,  then take the printed offer to Texas Direct.You can also try Cyber Motors on NorthPark.HOWEVER - do your homework first so that you know what a fair price is.We unsuccessfully tried to sell ours outright.  Were happy with the deal at Texas Direct. 4951
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Love2Run Active Indicator LED Icon 9
~ 8 years ago   Dec 6, '15 9:23am  
Hi @Zokomo!  Don't beat yourself up for being human. Many ((if not all) of us have made poor buying choices in our lives.  IMO, if you've decided to sell, you'll make more $$ on a personal sale than to a big box car place.  That being said, doing that can also put you at great personal risk. (Like meeting prospective buyers with bad intentions, going on test drives with total strangers, etc.)  And I would never have strangers come to your home to see it.  Large, public parking lots are much safer...or next to a police station is always smart.  And maybe start small first and post it here on KW.com classifieds to limit your audience.  You never know - it just takes one buyer.   What type of vehicle is it, anyway? 4951
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TXtransplant Active Indicator LED Icon 13
~ 8 years ago   Dec 6, '15 9:24am  
@txtransplant where would I sell it?
 
@Zokomo:
 
Here on the classifides...also AutoTrader. 4951
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TXtransplant Active Indicator LED Icon 13
~ 8 years ago   Dec 6, '15 9:25am  
Texas Direct guarantees to beat CarMax price...take it to CarMax,  then take the printed offer to Texas Direct.You can also try Cyber Motors on NorthPark.HOWEVER - do your homework first so that you know what a fair price is.We unsuccessfully tried to sell ours outright.  Were happy with the deal at Texas Direct.
 
@sh56:
 
Had a horrible experience w Cyber. Pursue at your own risk 4951
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TXtransplant Active Indicator LED Icon 13
~ 8 years ago   Dec 6, '15 9:28am  
Those salespeople are very convincing. When you tell them a payment you can afford (i.e. $250), they are trained to say, "so, $250... Up to $300?... No more than $350?" All while they are smiling and nodding and getting you to nod with them. During the test drive, they ask you questions that you will only say yes to, to get you in "yes mode." They are trained to play mind games and some of them are very good at it. It happens to the best of us.
 
@Mahm:
 
I just bought a new truck and came w cash. They couldn't spin me. 4951
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sh56 Active Indicator LED Icon 13
~ 8 years ago   Dec 6, '15 9:30am  
@TXtransplant:  Yeah....you have to stay on top of them and watch your back. 4951
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