MossRoad
Super Moderator
- Joined
- Aug 31, 2001
- Messages
- 57,825
- Location
- South Bend, Indiana (near)
- Tractor
- Power Trac PT425 2001 Model Year
Re-read the original post. The kid was 16ish when he bought a 12ish year old Mercedes. He wants to buy a newER USED car that's more dependable.In my opinion buying a new Mercedes for a first car is unwise no matter what your work or FICA score is. Living rich will keep him poor. The money he lost on this car could have been a downpayment on a home. A home is the best investment most people make.
I'm old and at the financial point where I could buy a new Mercedes cash but that would be a foolish waste of money I won't do. I rather see him reevaluate his priorities.
No new cars involved.