No sir. Different girl.

I know I can't make the decision for her, but I'd really like to talk her out of doing something stupid.
This could be a VERY expensive lesson.

Funny thing about GM cars. Back in '03 I bought a 1994 Corsica for $500. It had 150,000 miles on it. I drove it 2 yrs and had no problems with it and put 30,000 miles on it. At 180,000 miles I gave it to my sister while it was still running great and she locked up the engine.

What's another repo on her record?

Trust me, let it happen once, and she'll be much more likely to remember it. Some lessons, even expensive ones, need to be learned the hard way. You've done your part by trying to tell her.

If it happens twice, she's just an idiot.

Mic, if she thinks for even a nanosecond that she's getting any $ back from a "Buy Here-Pay Here" joint, I don't think the individual has the smarts to be talked out of it.

Good luck, man.

Another co-worker corrected me. It's actually a Ford.
Not sure there's really any difference though...
ROFL

She had a brand new Kia repo'd about 4 months ago after getting behind on her payments.

I had an employee come in with a "new" truck from one of those places saying how he got a great deal. After running the numbers, he was paying 27% interest. And he was buying insurance from them as well.

Unfortunately a lot of these buy here pay here places don't run credit reports. It's risk/reward. If they can fleece enough of a down payment, they can always go get the car when she's 1 day late. That's right, legally these places don't have to honor any kind of grace period. Some states require it, I don't know off hand if MO/KS are on the list.

There is. In my experience, Fords break down even sooner.

She might have been better off buying a bus pass.

If she couldn't keep up with payments on a KIA, how is she going to keep up paying $400/mo for a POS?

Oops. I missed this the first time around. This pretty much sums it all up right here.

She's an idiot.

These places don't care. Everybody who walks onto their lot is in the same situation. The worse your credit, the bigger your desperation. Desperate people make stupid financial decisions.

Her credit is so shot that another repo isn't going to make much difference. She needs to scrape together about $1,500 and buy a jalopy with a little life left in it for cash. If she can then save up $300 a month for two years (while putting the other $100 she was spending towards repairs), she can buy a $7,200 car for cash that will last her 5 years. Then she can put $400 a month into investments and have a nice little nest egg.

You don't have to make much to retire a millionaire if you stay away from car payments, credit cards, and whole life insurance.

College kid here. What do you mean by whole life insurance? And do most used car lots run this business model?