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Young and Stupid

By Nicole in OR

I was 22 and married (to my ex). We had two working vehicles and short commutes to work. He worked full time, and I was going to school full time and working part time, so we didn't have lots of money. He decided that we "needed" a new car.

So, being young and stupid, I said, "Okay, let's go look." He wanted a new Toyota Camry, but I didn't. He wanted to lease it, so we did.

Then, I went to work out of town and went over the allotted mileage, so I could not turn it in, and I didn't have the extra $9,000 to pay Toyota to take it back.

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We bought the car in December of 2000, and I finally paid it off at $300+ per month in October of 2007. I don't even want to do the math! The worst part is, my dad was a car salesman for 18 years and told me to never lease a car, no matter what. He said he would help us find a good used car at a good price, but we didn't take him up on that offer. So, four years after we divorced, I was still paying for a car that I didn't want in the first place.

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Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development since 1992. Millions of people have used our financial advice through 22 books (including 12 national bestsellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners.

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