u/Ill_Bicycle5012

** edited to add: Thank you for all the help. I was able to get a Toyota loan for $6k paying a deposit of $25.3k. 36 months at 7%. Not the best but considering I'll be paying it off early and it's a simple interest loan, I'm satisfied. When I collect the money from my ex (I am adding in the additional interest I am paying because of him), that will pay it off.

I finally believe I found a great deal on the camry that I want. I have about $25k to put down so I would need to finance the rest - about $6-7k.

My credit is horrible. My ex took out credit cards in my name and, well its a whole big thing. I am currently fighting them so they are showing on my credit as collections and my credit is below 500 I believe. My car that was just totalled was just paid off last month (yes, my last payment was due the month my car got totalled) so that shows perfectly. What are the chances I get denied for a loan? Should I have a co-signer if possible? My plan is to get that loan and pay it off ASAP since I know that interest rate will be crazy. In quick workspace, online averages show about $225 monthly payments so I would double that each month.

I am just concerned after all this work that I'll get denied.

Please no comments about buying a cheaper car or lecturing me on credit. Trust me, I know.

I've finally decided on the camry hybrid LE. I would love to get the convenience package and possibly even the cold weather package although in central VA, it's not as needed.

I now have $25k cash and I can borrow from family $5k more if really needed or even take out a loan for that amount (or less). I really would rather stay with the cash amount though as I hate owing money.

I think the 2026's are just a hair out of reach (unless the loan) plus people are having some issues with bumper (albeit minor). Should I aim for a 2025? Or even a 2024?

I believe the 25 and 26 are pretty identical? Is the 24 much different?

I'm so happy to be almost done with this and need to get this car in the next 2ish weeks. I've been really putting it off 1) fear of driving after the accident 2) making a bad choice 3) really not wanting to drive again.

I'm so close to the end and feel like I'm at the hard point - the dealership fights.

I have finally decided on a CR-V (I say finally because it has been a month since my accident and I've been all over the place on subaru, toyota, mazda). Now I need further help.

I have $25k upfront. I don't want to get a loan but I *can* borrow $5k more if necessary. Possibly even $10k. I would rather not because its my mom's boyfriend and while I adore him, I feel like it puts us in a weird place. He always tells me if I need money to ask, says he's loaded and can't take it with him when he dies. He does give his own kids so much too but I despise being it debt to anyone. It's usually just myself and my son in the car (single mom) but I need a larger trunk because I have bins for work I need.

Here is my life to help decide:

I have 3 jobs where I do a little over 16k miles a year total (one is amazon delivery which I have been slowing down on so hopefully that will cut it back a good bit). Most of my travel is local and non-highway unless we go out of town twice a year (I am in central VA).

I figured at 16k miles a year at $4 a gallon how much I am saving.

2020 Kia Sedona (totalled) I was paying about $3,047

2023 CRV Gas I would pay about $2,400

2023 Hybrid would be about $1,606

I would save about $600 just in gas for the gas and an additional $794 for hybrid.

With that almost $800 extra savings, I realize it is also more because I would be changing my brakes less, less often on oil changes and such (I believe that is correct, please correct me if I am wrong as this is new to me). That brings it up to say (an easy number with 3 oil changes, etc) $1000 a year? Again, please correct me if I'm wrong because I really am clueless.

Now, with that being said, basic research shows VA has about a $64 yearly fee for hybrids plus registration is about $25 more I think (I haven't looked up these exact numbers). Figure in $100-150 more a year. To me, that brings the savings back down to let's say maybe $850 a year for hybrjd.

At what point do you decide if it's worth it financially? For example, if the hybrid is $4k more, it would take me over 4.5 years to make that up. That's not bad but on a 2021 thats already 5 years old, that car will be 9.5 years. I do intend on making this a long term car because I hate car shopping like it's my enemy and will drive it into the ground. That was my goal with my Kia until someone decided to upend my life by running a red light.

It's this a realistic reality? To have it over 10 years? I know cars last but at that return, would you do gas or hybrid? My boyfriend sees no value in it. He is also the type that will pay $4.19 for gas because it's next door to his job where I will go a little out of my way to Costco to save money on gas. I'd rather have it in my bank account, he likes convenience.

Thanks for any help!