i dont know WHAT to do??? HELP!!! what would YOU?

Question

soooo...I got about 13,000 because i got in a car accident and that was the worth of my car. so, my dilemna: i'm having a baby in 2/08 and need a reliable car, BUT if i buy a car w/ 100,000 mileage (only toyota corollas, that the only car i buy) that's a 1999-2001, i probally wouldnt have to pay more than a couple of thousands bucks, leaving me to pay off my credit card bill and pay off my boyfriend's bills, so that we have no crazy debt (except i have to pay 200 bucks a month to my mom and 320 bucks a month for student loans and of course our apartment--he wont have any debt, just bills) so should i do it??!!

what the highest i should go on my mileage? i dont know what to do??? i dont know what's best for me and my family??\

what would you do???

well, i offered to pay some of my boyfriend's bills because we are going to get married and own a home, and the less debt we have, the better chance we have of getting a home w/ low interest. and we would get married now, but i get more government assistance as a single mom, so i want to wait a few years.

only drive to work, which is about 35 mins from home. and need car for about 4-5 years.

well i gave it thought, so i decided to buy a 2006 nissan sentra from a private owner w/ 15000 miles and for less than 10000. i've been told this is a good deal. i did a carfax and tomorrow is the mechanic. i will pay off my 2500 in credit card debt and put 1000 away for my car insurance (which is higher because of an accident i got into), which leaves no money for my b/f. i guess you guys are right...we're a team, but he made those debt and he needs to figure out what he's going to do. so..i hope nissan are good cars. i heard they were not as good as honda and toyota, but better than hyundai and fords...so i'll see. thanks guys!

as for my boyfriend, i know he's in it for the long wrong, but anything could happen, so at least ONE of us has to be prepare. currently, he is trying to get a job into the union.

Answer 1

First off don't pay your boyfriends bills. He will take care of that. Second you should buy a good car, used but in good condition for cheap. More often you can find the best deal in the classifieds of your local paper because dealerships suck. And there are laws to pritect you from buying a "lemon". Make sure the seller gives you a written and signed note of sale and keep it because if the car breaks down for 90 days they legaly have to fix it. out of there pocket. Good luck w the baby.

Answer 2

I would not pay off his bill until you are married, period.

Get the car you need and pay off your bills and put the rest into savings that only you can access. You never know what might come up with kids so a savings of even of a few hundred is always a good thing.

Another way to look at the house issue is to put money in your savings every month for a good down payment that will also help you get a better interest rate, but again I think if its your money only you should have access to it, especially if unmarried. A lot of times a guy will say he wants to marry you and things change after the baby. I am not trying to scare you or be mean, but take care of you and the baby first and foremost, unless you know for sure he is in this for the long run.

Answer 3

I think you should buy a reliable car with as low mileage as possible that will get you through a year or two. You can use the rest to pay off your debts. That would hopefully free up enough money monthly to begin putting money away for a rainy day or for when this car needs replacing. Personally, I wouldn't go over 70,000 miles on a used car.

Then again, I wouldn't insist on a corolla either. There are many well made cars out there that will last you many years. (For instance; we had a Hyundai for 150,000 miles. We then gave it to our friend who drove it for another 25,000 before trading it in. We only paid $7,000 for it new.) Perhaps a new car like a Hyudai Excel which costs under $10,000 and comes with an excellent warranty, so you dont' have to worry about repair costs, would be a good idea.

Answer 4

How much do you drive and how long does this car need to last? How high you should go on the mileage depends on the car. Some cars at 100,000 still have quite a bit of mileage left while others are already shot. Unless you know the car and it's previous owner 100,000 seems a bit high. If you have money left by all means pay on your debts. Let your bf pay on his own bills. Better to protect your own credit so at least one of you has good credit.

Answer 5

On a Corolla, the mileage can be fairly high and you still have a good car. They are built so reliably. I would go less expensive on the car, pay off your credit card debt, pay off your boyfriend's bills - don't see why that's your responsibility, but that's not your question -
That would set you up more favorably since you can never anticipate what new things you will have to get for the baby and all that.

Answer 6

Do not buy a car with 100,000 miles on it, not even a Toyota. You should go for a used one for about 50-65 but no more miles than that. Also, I wouldnt recommend that you pay his bills before yours. Try to get the credit cards and the loans paid off FIRST....as much as you can. Then go from there. The loans and cards are steadily charging you interest every month, and if you call to get the pay off, they may knock the interest completely off of the remaining balance saving you much money. Also, buy the things you need for the baby as soon as you get the money. Then go from there with everything else.

Answer 7

Split the 13,000 50,30,and 20%. 50% to bills 30%to spending on like spending money on your boyfriends bills which I wouldnt recomend because I knew a girl who realy got screwed by paying her boyfrineds bills now her ex boyfrined. And 20% to savings you always want to put a % money you get in savings, I got this advice from a financial advisor. The 50,30,20% you should do with all money you get. And dont buy a used car buy a good family car and put a big down payment on a car and you will have low monthly payments.

Answer 8

That's the car you are putting your baby in? I'd find something with a bit more safety and a bit less mileage. Once you have bought that, I would pay off your credit cards, and put the rest in savings for the next emergency. Oh and spend the $50 bucks(or less) to get married at the courthouse. A baby needs two committed parents, not boyfriends and girlfriends.

Answer 9

I know why you THINK you had to pay his bills but did you help him make those bills? Those bills are his responsibility, NOT YOURS...I'm not trying to tell you what to do with your money but BE SMART...SAVE IT!!! At least a good good chunk of it okay...you are going to need it later, believe me.
As far as a car, go to an auction and pay straight up for it...NO CAR PAYMENTS!! You put in your pocket what your are willing to spend and TRY not to spend it all okay? You hold on to that money for future use or an emergency...Peace.
P.S. By the way, does boyfriend have a job? He needs to pay his bills. You can HELP but don't pay them off...he may bounce after you get his debts clear BE CAREFUL...

Answer 10

Good for you! I would buy a car that had less than 100,000 miles on it...try a Honda Accord or a Chevy Impala, those are really dependable cars that keep going forever...

I would seriously pay off some of that debt with the extra...