Ok what do you prefer? A brand new 0 mile BMW wen you turn 16th? Or put that money into a bank account with really good interest to pay for college?
Personally I would take the money to pay for college how about you?
2006-12-10 16:07:36 · 26 answers · asked by me 3 in Family & Relationships ➔ Other - Family & Relationships
I actually made my dad return the car. He had bout it for my 16th b-day now im 21 and now I now that u cant just waste money like that
2006-12-10 16:15:45 · update #1
Im happy for choosing college over a BMW
2006-12-10 16:16:32 · update #2
Good decision, your a smart gal. I'm guessing your father could have paid for the car and college with no problems, but it shows you have good money sense.
2006-12-10 16:21:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I would definitely have the money for college. I really wish I had that money now for school. Any car will do for when you turn 16. You'd still be getting good at driving anyhow so why have a BMW.
2006-12-11 00:18:28 · answer #2 · answered by Rx 4 · 0⤊ 0⤋
Well, whats more important to you right now? Riding around In a sporty new vehicle or waiting until later when you have a college degree and a good job and twice as much money. Why not have a nice cheaper car and save the rest for college by budgeting you can have both right now If you think about It.
2006-12-11 00:13:24 · answer #3 · answered by passion 3 · 0⤊ 0⤋
I'd take the money and put it in the account to pay for retirement not college. College is a waste of money (bad investment economically). Remove the engineering, computer, and Medical majors(I'm not taking about Ph.D.'s and M.S. Degrees just B.A.'s & B.S. degrees) and then how much more $$ do they make compeared to high school grads?
2006-12-11 00:15:12 · answer #4 · answered by sean e 4 · 0⤊ 0⤋
Hello..!!.. I would take the money ,invest into the top 500 companies on the stock market.. like the banks would do..
double your money...
buying a bmw would depreiciate 34%..as soon as you drive it off the dealership lot..!!.. will not hold its value.....
going to collage..to get that degree would help you get the finer things in life...later..!!.. always good to see you have your head on straight..and your sights set on future goals..Good luck..
2006-12-11 00:16:14 · answer #5 · answered by david 2 · 0⤊ 0⤋
Go to college so that you can get a good job and then you can buy as many BMWs as you want.
2006-12-11 00:28:06 · answer #6 · answered by Dreamer 3 · 0⤊ 0⤋
Put that money into a CD, or buy stocks. Your money will grow much faster than in a savings account. The sooner you invest, the more time your money has to grow.Don't wait until you're old to invest...
2006-12-11 00:13:26 · answer #7 · answered by lalagrrrl 2 · 0⤊ 0⤋
I wouldn't take either, I never felt it was my parents place to buy me a car or pay for my college. That's why there are grants and scholarships and if necessary loans. Plus, I'm not afraid to work for what is needed.
2006-12-11 00:12:39 · answer #8 · answered by sharpeilvr 6 · 0⤊ 0⤋
You are too young to appreciate a BMW. Wait until you can buy it yourself, you will appreciate it more.
Save it for college, graduate, and get your first kick a s s job and then buy your own. You will be happier and your life will be more fulfilled.
2006-12-11 00:10:26 · answer #9 · answered by Anonymous · 0⤊ 0⤋
$2000 Roth IRA will be over a millions dollars in retirement.
If your parents can afford to buy you a new Beemer at age 16 then they should be able to afford your college too.
2006-12-11 00:13:25 · answer #10 · answered by Anonymous · 0⤊ 0⤋