Ok, so I'm buying a new car. Here's my situation.
I have about 15000 right now that i put away for college. However, right now, im paying 200 a month for my current car, and nearly 300 for car insurance on it.
What I want to know is, should i pay in full for the new car, and get some type of liability insurance for it, thereby saving me about 250 a month versus putting only half down and still paying for full coverage?
I'd really rather not dip into this college fund/emergency fund, but the thing is, I'm working now as well, so I could make that money back fast enough to pay for college. I guess what I'm asking is, in the long run, which would I save more money on? or which would you do?
(the new car btw is a toyota yaris sedan)
2006-10-10
16:09:52
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6 answers
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asked by
icomeanons
2