Submitted by Acrobatic-Draft-4557 t3_10plsf9 in personalfinance
Acrobatic-Draft-4557 OP t1_j6l9kgr wrote
Reply to comment by fawningandconning in Family member needs a car for work, but only has ~$3k in cash by Acrobatic-Draft-4557
Thanks for the response. I don't know where the money is going, but I really can't do much about that. He hasn't asked me for help managing his finances, and he doesn't respond well when others try to intrude on that.
He is asking me about what he should do with respect to the car. So I'm trying to give him the best advice I can on that question.
fawningandconning t1_j6l9yw8 wrote
He is going to have a very hard time and should temper his expectations. Look at police seizure auctions or similar or government surplus sales, as they will be high mileage but you can get them cheap sometimes. Financing may be his only option but he's going to get ruined on the interest rate.
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