Hello budget enthusiasts! How are you? I hope your budget is still in order. Mine needs an overhaul. 

After my January vacation in Philippines and Singapore, which I’ll be writing up a review later on, I have bought a brand new car! I bought a 2017 Nissan Versa.

Is it a Yippeeeee!!! Or is it a “Oh, noooooo!!”

The BIG Why?

My old car, which was a 2008 Nissan Versa, was starting to give me problems. I know that repairs and maintenance are part of owning a car, and I also know that I could have kept my car a little longer, but I still bought a brand new one because — I JUST DIDN’T WANT TO DEAL WITH REPAIRS. I got traumatized before with car repair nightmares. As soon as you fix something, another one comes up. You know that feeling?

I only deal with Korean dramas. Not car dramas.

How Did I Buy It?

The most ideal way is to pay it off right away. That is still my advice. Sadly, I didn’t follow my own advice. My personal situation changed. With three big trips in 2017 already in place, plus school and other stuff, it is not a good idea to pay off a big purchase, and tap on savings.

I bought a 2017 Nissan Versa (yes, I like my Versa), and the cost is $18,000. I traded in my old car for $3,000, and put down $7,000. Now I owe $8,000. This is the only debt that I have. Remember how I hate debt? I plan to will pay off my car by the end of the year. Every extra single penny will be put towards my car payment.

Any remorse?

Of course! There will always be remorse, especially when you buy something big. I was like, “Did I do the right thing?” But the thing is, the thought of owning a brand new car, with seven years warranty on it (my car insurance extended the standard warranty by another two years), was stronger than the thought of keeping my old one, with the possibility of unending repairs.

Final thoughts

I like my new car. It has all the bells and whistles on it, which I can live without. Honestly, I am just happy to drive something reliable (preferably new), something that would bring me from point A to B, and most of all, something that I can afford.