In December 2019 I financed a brand new Charger Scat Pack. This was right before inflation really took off so they were cheaper than they are now. Sticker price was only 36k. After the dealer added a warranty, “paint protection plan”, dealer fees, taxes, etc, I ended up financing 51k!
At the time I didn’t know ANYTHING about cars, the only reason I even bought the car was because my v6 2011 camaro that was paid off started having transmission trouble. Replaced it twice and it still wasn’t driving properly, so I bought the scat pack.
After a few months of owning the car and seeing how disrespected that Scats were in the car community, I realized I basically could’ve had a used Hellcat. So in August of 2020 I financed a 2016 Hellcat charger for 55k. 55k was the sticker price, and I only had to pay 5k down to get out of the Scats negative equity. So I don’t really feel like I got finessed. (55k was sticker price and what I financed unlike before)
Kept the Hellcat for a year (August 2021) but got rid of it because of my personal situation. (next paragraph)
My mom made me sell my v6 camaro right after I got the scat. (she gave it to me when I was in high school) and she basically pocketed most of the money. But I still needed an everyday beater car because I have a commute of 35 miles to work and 35 miles back home everyday. So I ended up having to buy an 05 Honda Accord to drive to and from work everyday. I HATED driving around in a raggedy beater everyday. Even though the camaro was a v6, it was still nothing to be ashamed of to me because it was fairly up to date and didn’t feel outdated to me.
So I was only able to drive the Hellcat basically Thursday-Sunday. I loved the car but hated driving the beater Accord. So I sold the Hellcat to Vroom for 43k. I owed 48k on it so I just paid the rest out of pocket.
This is where I get really dumb. Long story short I financed a 2021 GMC canyon in March 2022 for 40k. I wanted a full sized truck but my mom is kinda controlling (as you can tell) so she basically told me I can only get a midsized truck and that a full sized truck is “too big for me”. Even though I was the one paying for it.
I hated this truck so much that I started using my entire paychecks to pay the truck down and started living off of credit cards. Ran up 20k in credit card debt. Sold the truck to Vroom a year later. Balance was 22k they gave me 27k for it. (March 2023)
Made a 401k withdrawal of 15k and used the other 5k to pay off my credit cards.
Now all I have is my 05 Accord. It’s crazy how this situation started because I hate driving a beater car and now I’m stuck driving one.
Not to mention I’m probably gonna owe the IRS like 8k in taxes for the year when you combine my income with the 401k withdrawal.
I know for a fact I would not have been this stupid if i still had the camaro. I would probably still have the Hellcat. Or even If i would’ve sold the hellcat I would’ve just been content with driving the camaro and I wouldve just been stacking my money.
I feel like this is my moms fault for selling the camaro and not letting me get a full sized truck. But i try not to blame her.
I’m now looking at used full sized trucks for around 20k, because I do not want to pay a high note considering the amount of money I just lost. But I feel like the right thing to do is to just drive the accord and stack my money.
I guess i just came here to vent, any advice?
EDIT: I’m 24, gross about 75k a year. Single, living with my mother. I’m the only child so I have no desire to move out. No bills other than 275 that I give to my mother for lights and wifi, and 100 for my phone bill. My mother would never kick me out. Honestly all I desire is a decent car (not a beater) that’s paid off. That way I can use half of my disposable income on saving and the other half on escorts.