It’s a sad state of affairs when it’s cheaper to buy my MIL a new car while she watches my son 3 days a week and he goes to child care twice a week, rather than sending him to child care for 5. My wife and I have been going back and forth on this since she was pregnant, my MIL is going to watch him for free, but her car, a 2004 Elantra, is a wreck. It’s rusted to shit and barely runs. If she gets t-bone with him in the car, it’s extremely likely he’d sustain a serious injury.
Obviously I live in the US, hence the absolute absurdity of this post. Our household income is pretty good, but we live in a HCOL area which means 5 days a week of child care would cost us $25k per year. Instead, we’re paying $190 a week, or $9,880 a year, for 2 days a week of child care, and $740 a month for a Mazda CX-30 for 0% at 36 months.
We looked at CPO cars that belong on a used car lot. We saw interest rates of 7-9% for 60 months on used cars. The only economical option was buying new.
I acknowledge this sounds privileged, but it’s just insane that this is the way things are going.
Obviously I live in the US, hence the absolute absurdity of this post. Our household income is pretty good, but we live in a HCOL area which means 5 days a week of child care would cost us $25k per year. Instead, we’re paying $190 a week, or $9,880 a year, for 2 days a week of child care, and $740 a month for a Mazda CX-30 for 0% at 36 months.
We looked at CPO cars that belong on a used car lot. We saw interest rates of 7-9% for 60 months on used cars. The only economical option was buying new.
I acknowledge this sounds privileged, but it’s just insane that this is the way things are going.
