When I was 24 and single, I was working at a dead-end job
and in debt. In an attempt to get a handle on my spending I attended a Good
$ense Finance course at my church (Willow Greek in Barrington Illinois, a
suburb northwest of Chicago.)
I volunteered for Willow’s cars program, which repairs used,
donated cars and made them available for single moms. I like working on engines
and besides my old Honda was on its last legs and I hoped to get some tips on
how to keep it going.
About this time I received in the mail a promotion from my
credit union informing me that I was pre-approved for a car loan up to $7500.
The wheels in my head began to turn. I figured if I were going to get a better
job I would need a better car. Armed with my car loan approval, I drove off to
a used car dealer. I showed the promotion flyer to the salesman and we went off
into the lot. Funny how every car he showed me was for sale at $7500.
I came home excited about the prospect of buying a better
car. That week at church I shared my excitement about buying a better car with
my Good $ense teacher. I told him about the $7500 loan
approval and I showed him a car I had circled in the Auto
Trader.
I was surprised when he didn’t ask me for more details about
my aging wreck. He just walked off motioning with his arm for me to follow. We
went to the back of the lot and we stopped at an old rusted out twelve- year-
old Buick station wagon.
“It’s not pretty,” he said “And it is too far gone to give
to a single mom to transport her kids. But it has a strong engine, reasonably
good tires, and the transmission still works. Why don’t you drive it home.”
West Barrington, Il.
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