I’m currently in College (freshman) and I take the bus to school. It’s like a fifty minute commute, pretty dull and boring. I’m ready to buy a car, but I’m trying to decide whether to get a new or used car. I currently make roughly about $1,000 a month, and my car payment plus insurance would be my only bills to pay, plus books every semester (2 times a year). My dad and I reached an agreement in which I pay books and he pays tuition. I attend a state college in Southern California so it is not that expensive. Furthermore, if I was to buy the car, my dad would finance it and he has excellent credit, by that I mean that he has a really high FICO score, somewhere above 730, so that is a plus. My only responsibility would be to pay the car bill plus insurance which could be roughly $250 a month. What do you guys think? Any of you in the same situation, how does it feel to be bogged down with car payments?
By buying a new car I mean a Sentra, Yaris, Fit, Versa, Civic, or something of that sort, nothing extravagant or expensive.
2007-02-15
17:15:47
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17 answers
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asked by
Frank
1