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car payments

Usually I see bloggers posting questions from their readers about what they should do in certain situations. No one asks me any questions so I thought I would lay my own dilemma out there for you. My wife and I own two cars both of the are paid in full. I love the fact that I have the title to both of these cars and aside from fuel and maintenance they don’t cost me anything. I know a lot of people who wish they didn’t have a car payment and let me tell you I love the hell out of it.

Recently my wife has decided it is time for her to pick up a new car, the old one is just old to her now. Not only does she want a new car but she wants a 2007 or newer Black Chevy Tahoe. I don’t know if you have ever priced out a Tahoe before but a 2007 with decent miles costs at least $10k more than we paid for either one of the cars we own now. I attempted to explain how ludicrous it is to even consider such a thing as buying a new car, “why the hell do you want a new car the one you have is fine, I won’t have it PERIOD.

For those of you married men out there, telling your wife she can’t do something is the equivalent of punching them in the face with a brick in your hand, they don’t like it. I still haven’t completed recovered from this little misstep although she did soften her resolve for a few months. We had discussed the option of a car swap, where I take her car and she takes mine. That way the cars are new, to us anyway. To me this was the best solution to the problem and one I embraced wholly. The only things I need to take care of are some new tires and window tint which I have been dragging on but plan to take care of soon.

Thinking that was the end of it I forgot about the dilemma entirely, until recently. I have caught my wife once again perusing the ranks of CarMax in search of the perfect used Tahoe with the occasional “Oh, look at this one Kyle it is only $36k.” Which usually results in me coughing and choking on my beer.

The way I see it is that I am failing to adequately support my desire for not wanting another car payment, these are the facts I think lean most  towards us not purchasing, with a loan, a new car:

  1. Both Cars are in good working condition
  2. Out of the two of us working I am the only one contributing to a retirement account
  3. With two children we are saving $0 per month for higher education
  4. Student loan has not been paid off
  5. Second mortgage has not been paid off

My wife really wants a new car, and I don’t want her to be unhappy I just don’t think it is the best thing for us financially right now. The fact that this hasn’t been worked out yet is probably 90% my fault for failing to communicate adequately.  What would you do in this situation? What should I do?

No bashing my old lady, she is entitled to her wants just like anyone else, help us out an weigh in on the problem.

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