RodneyWright wrote:
That's simply not going to happen considering she's on a fixed income. I'm already adding some money to the pot for the car. Pam and here sister are already helping out in regard to elder care. No room in the budget for car payments. I honestly don't see her driving past a year. At that point one of Pam's sister would pick up the car. It's a bit of a juggling act right now...
Loan on a $6000-10000 car. Pay loan payments with the current $3K that is already budgeted. Sell car in a year when Mom suddenly decides to stop driving.* Mom gets a nice car to finish her driving days, and you might come out ahead in the end. If Pam's sister needs a car, she can have the loan in her name.
*By putting a 1 year window, a whole can-o-worms has been opened.