My MIL has had some pretty bad car trouble. She's gone through 3 cars in the last couple of years. I'd like to start helping her make better decisions.
She currently has an old Mercedes that has been a money pit. She $2400 into it in the last couple of months. She's doesn't want to get rid of it because of the how much she's put into it but it's leaking a lot of oil and is like a ticking time bomb.
Safety is a big concern of hers so she would like something safe and reliable. I think buying a new car with a 10 year/100,000 warranty would be a good option but she doesn't have the best credit or job security. I'm not sure how much she has saved (if any) for a used car.
What advice do you think I should give her?
She currently has an old Mercedes that has been a money pit. She $2400 into it in the last couple of months. She's doesn't want to get rid of it because of the how much she's put into it but it's leaking a lot of oil and is like a ticking time bomb.
Safety is a big concern of hers so she would like something safe and reliable. I think buying a new car with a 10 year/100,000 warranty would be a good option but she doesn't have the best credit or job security. I'm not sure how much she has saved (if any) for a used car.
What advice do you think I should give her?