I hope Robbie B. approves of this move. I didn't technically blow the dough on myself, but I did blow some dough.
I did something that I've been wanting to do for some time now, but it is also a little messy.
My father and stepmother live on their social security and his small pension. They have a very old home that constantly needs fixing (my brothers and I have done many projects over there). They own this home, they are very frugal, and they are basically happy.
What they don't have is any savings, so larger purchases are very tough to fit into their budget, and they just go without. My father has a very old rusty truck, but it still runs. She has some old rusty high mileage Buick that has been giving them trouble, and I've been wanting to buy them a new or newer car. It would make me happy to do something nice for them, they are two of the most important people in my life, and they would have a reliable and safe car to use every day.
I started mentioning to them a few months ago that they should let me buy them a new car. They are very prideful, and they acted like that was crazy talk. I told them that I could afford to do this, and that it would make me happy to do this.
The Buick broke down again recently, and went to the shop. I started sending her texts of car ads. One or two years old cars with low miles and fairly reasonable prices, and suggested that we go look at them. She agreed to do this.
My sister has a newer Altima that she likes very much. We had her test drive my sister's car, and she really liked it. After driving that old Buick for 10 years, anything would have seemed nice.
I stopped into the Nissan dealer, and was looking around at their used Altimas. Most had 20-40K miles on them for $15K to $20K. The sales guy said they had a few Altimas that the dealer was using to loan out to customers while they did a recall repairs. He had three of these cars left to sell. Anyway he had a well equipped Altima with 3900 miles on it for $16.5K. I thought it was very nice, and at least fairly priced. The sales guy let me drive it over to their house, and I asked them if they liked this one? They drove it around, and said yes, lets get it. Stepmother and I went back the dealer, and I bought them this car. This must be how Robbie B. feels when he just says yes, and spends that dough.
Now the silly part.
I think she feels embarrassed that I bought them a car. I told her we could tell the family a little white lie. That I helped them pick out the car, and I gave them a nice down payment to keep their car payments low. Note: This was my goofy idea.
My goal was to get my father and stepmother into a nice car, not to let everyone know that I could financially do this. I guess I have to get used to the fact that I am FI, and that I'm ready to RE soon. (May 2019 is my target). Observing my life style, home and car, you wouldn't think this about me, but being a stealth FIRE person is a completely different topic.
I would like to hear comments about buying them the car, and please also let me have it on the silly down payment story. Should I just announce I bought it for them if asked? What would you do?
PS: I drive an old 2007 Ford Focus sedan 5-Speed that runs like a top. I really like it. 150K miles, and going strong.
Take care, JP