I made a mistake buying a new car, how can I correct the situation?
By Cars & Motorcycles on Apr 07, 2009 with Comments 7
glsipps asked: I made a big mistake. I bought a new car and regret it and I don’t know the best way to correct what I did.
To make a long story short, I couldn’t wait to pay off my car because I felt that was the answer to our financial situation. My car has been paid off for 2 months now. I bought my older son a car a few years ago but I had more money back then.
My middle son has been waiting patiently for a car, he now has a job so he really needed a car. So, we ended buying me a new car and gave my old car to my son. I am very unhappy and mad at myself because I should have kept my car and bought my son a car when I could.
I hate having a 2 door now, it is just not practical. I don’t want anyone to know what I did. I am very ashamed and embarrassed because it doesn’t make any sense to buy a car with financial struggles. I have let this consume me, I wake up every morning with a sick feeling in my stomach. I don’t want to live with this mistake that I made, I want to fix it. Any suggestions????
Filed Under: Buying New Car
About the Author:
the only way to fix it is to sell it or trade it back in for something else
Trade cars back with one of your sons. I’m sure they’d rather have the more sporty 2 door anyway.
Give your son that car you had bought, and get your old car back from him.
In most reputable dealerships there is a 7 day grace period for buying a new car. You should go to your dealership where you bought your car and tell the business manager about your diffculties. They could always sell your unit on consignment or now of someone that would love to take over your loan. ie payments.Hope everything works out well.
Yep, Just sell the car and buy yourself a more practical car that will suit you. No need worrying about what’s been done.
Wow! True Confessions!
If it makes you feel any better, think about all the Enron and WorldCom employees who had their entire life savings and pensions wrapped up in those pyramid schemes! All because they trusted Corporate Officers who were playing and dealing!
Your real problem is that you are agonizing over a decision that really is about current preferences, and you haven’t totally lost something of value! You will probably be able to sell it, and get what you really like. You’re lucky, as any embarassement is really a figment of your own angst! It will pass with the car!
Think how happy your sons are, to have a parent who would buy them a car to go joyriding in! Their friends without licenses are probably overjoyed at the opportunities to drink and drive again!
We let our kids go get jobs, buy their OWN cars, just as we did, and we offered to pay the insurance. Hey, $3,000 to the insurance company for the 4 years of college? And they get all the lessons of ownership responsibility?
Just think on the bright side, life is fleeting, and you made others happy!
I think you have a bit too much time on your hands. Got a mate, or a pet?
it’s funny you posted this because my mother got put into this same situation. we bought a 2005 nissan altima for my 16th birthday last year retailing $24, 000. She bought it when she’s having a hard time financially due to bills and what not. I should’ve looked online for a car that’s cheaper. Long story short, my mother put the car under my uncles name, he traded it in for a ruck at the dealership, and my mom had to keep it under her name for 6 months. Now she’s free of any payments and about to get me a cheaper car(1998 corvette =]) Hope I helped. You can have someone take over the payments. Tell me how it turns out.