I am in the lobby of Carmax selling my first grown up
car.
I bought it in 2007 when I was converted to full time at
my first biotech job. The
summer before I went to work at my current job. When I finally decided to jump
into the world of dating- didn't start well. Just before I joined team in
training - which was such a fun experience and a huge boost to my mental health
and the reason why I started this blog.
Because it was so entwined in
the fun and excitement of my early 20's you'd think I would be sad to see it go
but I am not. It was such a poor financial decision and I felt almost coerced
into or like I had gotten myself tied up into buying it. I was so ashamed of
the financial pickle I'd gotten myself into. No, it is actually a longer story.
In college I paid my way with
grants, loans and work study. Every September I'd meet with the financial aid
department and we'd go through how I was going to put together the cost of
classes and room and board for the year. Work study was an integral part of
that and I started the lab tech job that I'd have for the next four years on my
first day of class freshman year. I always quip that seeing my loan amount each
year was the biggest driver for doing well and staying on track to graduate in
a timely manner. I'd divide my costs out to determine how much each lecture was
costing me and that price made it so the only classes I ever missed were when I
was interviewing for grad school (if my college roomie still reads this then yes
I still count when I'd drag myself to 8am physics halfway through). But I also
realize how I missed the fact that if my job was contributing to the total cost
per quarter then I couldn't have any extra expenses or I should've gotten
another job for those. In the early 00's
they still sent credit cards in the mail and before I knew it I had a couple. And
I didn't understand them. Fast forward to moving to CT for graduate school.
More money on my credit cards to get there and get settled.
But then I was living the life.
I had a stipend every month and quite frankly I felt really lucky and basically
rich but FREAKED out over the credit card debt I'd gotten into. I genuinely
didn't know what to do. No one that I was close to had enough money to be any
good at it and I didn't ask the ones who may have. So I called a debt
consolidation company I found online and started making payments. I didn't use
credit cards. I was so proud of myself.
Now back to that car dealership
in 2007. Still debt free, still not using cards and finally employed in a real
job. I was mortified and ashamed when the financing came back on the first car
I test drove. I was so embarrassed that they saw the debt consolidation on my
history. By this time I'd started reading Suze Orman and realizing what a silly
thing it had been to do the DC on (what I now know was) such a small amount.
But again instead of acting in my best financial interest I took the impossibly
bad rate on that first car I tested. It makes me sad for 25 year old me. I was
too embarrassed to keep looking for better financing or to have to go through a
credit check at another dealer. I was also probably too lazy to figure out what
I was going to do for a car while I saved for one and I was just ready to have
the car question answered (so as not to be embarrassed). I bought it, the first
car I test drove. And when people would ask if I loved my car they'd get a
hesitant or forced smile.
As I continued to have a real job
and to extinguish the tiny flicker of shame I always had when I saw my car I
worked to pay it down quickly and our relationship improved when I owned the
title outright. But I am not sad to see it go (though, I was a bit sad no one
we offered it to wanted the old girl). I guess it'd be redemptive to see it as
a symbol of growth but it wasn't. For me it sort of symbolized how often I would
do dumb stuff so that I don't have to feel momentary shame- even when that
shame is unfounded. I would tell my 25 year old self to go easier and that she
shouldn't be ashamed about something that she was really working hard on. And I am sorry that past me had to feel that
way so often and that current me still does occasionally.
* the car max motto is "the way car buying should be" and totally inspired this post
PS. These heads are the BEST financial decision I've ever made and they still haven't ceased to be funny.