i do not have enough right now. im wondering how i should finance. i got 5000$ and only make 730$ a month(part time 17 hrs
). i can spend all my money on the car becuase i dont pay for living expense. im only 20 years old. i dont plan on getting another job because of college. wha would be a good downpayment area?
2006-11-19 18:51:31 · 3 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Dont go into debt. Work hard and save the money. If you do that now, you will never have to finance a car again, and will save tens of thousands of dollars throughout your lifetime.
2006-11-19 19:00:04 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You need $14,000. Don't be a fool. Don't start out life in debt just to get stuff you don't need to impress people you don't know.
Too many people live their lives just getting by because they do this. I know you will be a millionaire before 30 so you don't have to worry about it. But until that happens do the right things. Spend what you can really afford. Save a little each week. Learn how to invest. The overwhelming majority of people don't do this and the overwhelming majority of people never attain financial freedom. You've got the most valuable asset there is.
Time. Finish school and get a job before you get a nicer car. If your parents co-sign for you they are doing you a grave diservice.
2006-11-20 07:15:01 · answer #2 · answered by Big R 6 · 0⤊ 0⤋
If your parents co-sign the finance, you can probably afford to pay it from what you have.
2006-11-20 02:54:22 · answer #3 · answered by Dr Dee 7 · 1⤊ 0⤋