Okay here is what i am considering. I am 19 years old I make 15 bucks anhour at my job. I currently drive a car thats worth 5 grand. and I really want a nicer car a nice fast one. please dont name certain cars to get I already have them picked out!!
I want a car that is 20 grand. and I want a car that is 40-50 grand MORE.
Should I get the 20 grand one now, and sell it years from now to get the 40 grand one
Should I just get the 40 grand one now
Or should I not bother with the 20 grand and just save up for the 40?
some advice thanks ;)
2007-11-27 15:43:15 · 5 answers · asked by just me 3 in Cars & Transportation ➔ Buying & Selling
i made a mistake lol
the car isnt 50 more its just 50 or 40 i just want it MORE
2007-11-27 15:52:52 · update #1
Under no circumstances should you get the one that's 50 thousand more. Your payments would be astronomical. I currently am paying off a $33,000 Audi, and my payments are $500 per month (after $9000) down. If you buy the more expensive car and are late on your payments, or miss any payments, you'll destroy your credit, and with it, the hopes of ever getting a nice, fast car.
2007-11-27 15:47:30 · answer #1 · answered by Sarah 4 · 1⤊ 0⤋
$15/hr isn't that much money. What about going to school or learning a skill to get you a career instead of spening $20k on a car. If your car runs fine, is paid for and isn't having serious mechanical issues, keep it.
I know what you want, but you also need to learn to not have what you want now so you can have what you want later. A $20k car will put your payments around $400/month. The more expensive car will also significantly increase your insurance payments and the amount you pay in taxes on the car. It will cost you alot more than just the $20k.
I would say take the extra money you would be putting into payments and save it for a few years. Use it to further your education and advance your career, or use it to buy a car a few years from now, or maybe even a house instead.
2007-11-28 00:09:11 · answer #2 · answered by Meghan 7 · 0⤊ 0⤋
Well if your car works well, I think you should keep it for a few more years until you are really established and then get your 40k or 50k car. At 19 you don't really need a car that expensive right?! Maybe wait until you are 25 and you're really making enough money so that the car payment won't destroy your monthly budget.
2007-11-28 00:19:16 · answer #3 · answered by Calista 5 · 0⤊ 0⤋
Carefully consider the decision you make. I was in the car business and ran into many 20 somethings that made a decision based on their short-term circumstances and paid dearly for it. $40k cars become $20K cars in the same time it takes for circumstances to change.
2007-11-28 00:47:37 · answer #4 · answered by daniel k 1 · 0⤊ 0⤋
OKAY.............
THE $20,000 PLUS TT&L AND PLUS FULL COVERAGE INSURANCE THAT YOU WILL HAVE TO HAVE WILL LEAVE YOU JUST MAKING ENDS MEET AFTER TAXES, GAS, FOOD AND LIVING EXPENSES AND EVEN IF YOU LIVE AT HOME YOU WILL STILL BE ON THE EDGE.
AS FOR THE HIGHER PRICE VEHICLE I WOULD SAY THAT YOU NEED TO THINK ABOUT THIS IN ABOUT 10 YEARS OR SO.
2007-11-28 08:00:43 · answer #5 · answered by Anonymous · 0⤊ 0⤋