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I Have a Confession

So when I was 19 years old I financed a car for the first time. It was my second car. I was DETERMINED that I would get something cool, sleek, fast, andmost importantly manual. So what did I buy? A 1999 Honda Civic EX Sedan obviously.

Illustration for article titled I Have a Confession
Photo: I was about 160lbs when I took this photo
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Illustration for article titled I Have a Confession
Photo: Younger me

It replaced my 92 Camry, and yes it had obligatory hideous Altezza style tailights. thankfully the previous owner had the stocks and the Altezza saw a garbage can by the end of the week. I basically learned to drive stick while driving this home from Fon Du Lac wi, a 3 hour trip. I think.

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Being a 19 year old McDonald’s employee I had no money, so my girlfriend’s Dad came with me to buy it, he agreed to front the cash to make negotiations much easier, with the plan being that I would go to the bank the next day to pay him back. Not a bad deal.

Illustration for article titled I Have a Confession
Photo: I loved these wheels. Turns out they were actually a Dealer I stalled option.
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Illustration for article titled I Have a Confession
Photo: Black housing headlights, fog lights tucked in behind the bumper, and a garage door trim front lip. I really kiekt the way this car looked. I’m so happy it was a 99 not a 96-98.
Illustration for article titled I Have a Confession
Photo: Look at me, I’m so cool I take pictures of my car at the skatepark and post them on my facebook
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So this is when things got not so good. I went to my credit union, and basically the loan officer didn’t want to give me a loan, but My parents were friends with the branch manager so she told them to approve it anyway. Buuuuuuuut the cost of that approval was a 17% interest rate! I didn’t know or care what that meant. I would have signed anything to get my cool black manual Civic.

In the 9 months I owned the car I paid 130/ month and only paid off like 650 bucks!

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I ended up buying a 91 Hatch because I love 4 gens and selling the 99. This was widely regarded as a horrible decision by my friends and family. But I justified by telling them I couldn’t afford the payments and the full coverage insurance. Which was true. But it has the added benefit of saving me from spending 700 bucks a year on intrest on what was at the time a 4000 dollar car.

The life less I learned is 1 intrest sucks, and 2 only finance a car if you can afford to pay considerably more than your minimum payment and insurance, so that you can pay off that loan ASAP.

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What the confession?

For one, the fact that I once signed a loan agreement with a 17% interest rate.

But also I kinda want that 99 Civic back. It was such a fun little car. I actually found the exact same one for sale 5-6 years later, and was very tempted to buy it back, but I think I had just bought a car like a month before so I wasn’t happening

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