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Originally Posted by Titty Meat
Soooo I have a question would appreciate ya'll to check my thinking and I'm sure I'll get flamed oh well....
I accepted a new job that pays 25k more than my current job. Only problem is it's about a 20 min drive and I don't have a car.
I've looked at cars my credit is trash and the interest rates blow as you can imagine.
SO I got on with Lyft. They have this program through Hertz where for $300 a week they rent you car. Unlimited miles, insurance is covered through Lyft/Hertz, maintaince as well. Lyft takes that $300 out of what you make + you have to do atheist 20 rides a week. Between my regular job and driving I'd imagine I'll be working at least 55 hours a week.
My plan is do this til I can put down a great down-payment on a car to have a minimal car payment and once I do that ditch the Lyft job.
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That's not horrible but you need to look at what a down payment on a car in your price range might be.
Lets say you decide you are buying a $10k car. Spending almost 25% of that car value to rent a car for 2 months doesn't make much sense. If you don't have that much for a down payment and need those 2 months to save for one, then that makes the decision for you and you move ahead with your plan.