my wife and I needed a secondary car. A lot of people suggested getting a fuel efficient civic, however we went into impulse mode and put a deposit on a new Lexus. We currently own a 2014 rav 4 which has no car payments. After 8 years we felt like we deserved a nice car before we turned 30. That was always my dream.

We went from not having any car payments to $1100/month, I feel like now it’s too late to get the non refundable deposit $2500 from the dealership since they put a factory order already. It’s set to arrive on July of this year. No credit checks or any questions asked.

It’s been 4 weeks now since and I don’t know how we’re going to make these payments + insurance + gas for the next 5 years. I feel like I’m getting anxious even thinking about it.

Long story short: made an impulsive decision to factory order a car and not sure how I can make $1100/month car payments… felt we deserved to drive a nice car. We rent, no kids just a pet dog.

Edit 1. The car msrp is $79000. The payments were based on a $5000 down payment and 6 year term. Sorry it was a typo, it’s 6 years / 72 months. My wage is $60/year.

Update 1. Thanks everyone for the feedback, looks like my best bet is to wait for it to arrive in June and sell it privately at same cost. So I can keep my deposit

Update 2. After the comments on the hot car market. I was able to find some one after this post, he is willing to take over the order que as it will save him the dealer markup and 1 month wait. Thanks everyone!!! I will be getting my $2500 next Friday

I have decided to buy another used rav4. 2018 model.