Here are 5 reasons why a $1,000 car payment is a bad idea

Prefer us on Google Learn More Facebook Twitter Bluesky WhatsApp SMS Email Print Copy article link Save Not so long ago, people joked about the folly of owning a $1,000 car. Nowadays, financial experts opine on the folly of making a $1,000 car payment. kAm|@C6 E92? a_T @7 ?6H 42C 3FJ6CD H9@ 3@CC@H ?@H E2<6 @? 7@FC\7:8FC6 >@?E9=J A2J>6?ED[ t5>F?5D C6A@CED] %96 2G6C286 >@?E9=J A2J>6?E @? 2 ?6H G69:4=6 9:E Sfgf :? E96 E9:C5 BF2CE6C @7 a_ae]k^Am kAmr2C A2J>6?ED 2C6 C:D:?8 2E 2 E:>6 H96? 42C 3FJ6CD 2C6 7:?2?4:?8 =2C86C DF>D 7@C 2 =@?86C E:>6] %96 2G6C286 ?6H\G69:4=6 =@2? H2D Scc[eec :? E96 E9:C5 BF2CE6C] |@C6 E92? @?6 BF2CE6C @7 ?6H\42C =@2?D 92G6 E6C>D @7 D6G6? 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