Re:The Cost of Being Poor: Why It Costs So Much to Be Poor i...
by bigDinosaur on Wednesday December 21, 2022 @03:12AM
(#34077978)
I'm not really sure why you appear to have been downvoted because your point is fine. I don't entirely disagree with this. If you're in the market for nothing but lemons, and those lemons are essential, you are fairly screwed unless you can get someone else to help you (e.g. family, government).
If you have a good credit score you can put down a few thousand on a down payment and get a Toyota Corolla with 50k miles for $10-15k that is likely to last for another 200k miles without major repair. If you don’t have a good credit score, the most that downpayment will buy you without a loan is a total crapshoot that can break down and total itself at any time.