Will I be able to buy a car?

Question

I get 10 bucks a week. I am 13. If I start saving now, will I be able to afford a car in 3 years? probably not though.

Answer 1

If you saved every penny you would have 1440 at the end of three years. Can you realistically never spend anything out of that 10 a week though? You can get a beater for that price which would at least be something. My suggestion is to try to find something that pays even slightly more that you can work a few hours a week if you are 13 and need to do it around school and go from there.

Answer 2

That will only get you about $1500 - $1600. While you may be able to buy a car for that amount, it may not be a very reliable car. However, if you can save $10 a week now, is it possible that by the time you are 14 or 15 you could be saving $20 a week. That would help a lot.

Answer 3

That will come to a total of around $1,500. You can buy a decent used car that much. But it will be over 10 years old most likely and not something you can really show off, but it will be yours.

More importantly, will you be able to afford the gas, insurance, oil, and maintainence after you buy it? Probably not. I wouldn't start worrying about it until you
1. Get your driver's liscence
2. Are old enough to get a part-time job

Overall I wouldn't recommend getting a car at all until you need one, unless you live in the country and need one to get to work. I'm 20 and I don't own a car.... but I have saved enough money because of it to buy a brand new car if I wanted to... which I don't. I take a bus to college and work, which only costs me $280 a year. You can't even buy gas for that cheap.

Also remember.... the two most stupid car decisions you can make and must never do are:
- DONT BUY A NEW CAR. It loses over 50% of it's value as soon as you drive it off the lot
- DONT LEASE A CAR. You pay enough money to buy yourself a new car, but you are left with absolutely nothing at the end of it.

Answer 4

Yes, you will be able to buy a car in 3 years, although it definitely won't be a brand new car. You get $520.00/yr, x 3 yrs = 1,560.00. Even if you kept it in the bank interest compounded will not amount to more than $10 dollars. You could get a used car and still have money left over to pay the sales tax, insurance down payment, gas up the car, and take your girl dating at the drive- in. What you must consider is the expenses that arise when owning a car, like tire replacement, worn parts that need replaced, the labor to replace them, gas, oil changes, excise tax, and registration fees. Check out the link below for more info. Good luck!

Answer 5

Why do you only get ten bucks a week? There are all kinds of jobs you can do, shoveling snow in winter, lawn work the rest of the year, where you could earn enough in three years to buy a car AND pay for your own insurance. Nothing teaches you to be a hard worker and an ambitious one than knowing you won't get any help from your parents if you want something.

Answer 6

No you like the certificates of insurance emails and schedules won't do. Yo will additionally could circulate to a DVLA community workplace if the vehicle has been without tax for extra effective than a month and then there is the question as to the place has it been for the period of that component be optimistic which you get the registration rfile signed with the the terrific option date of sale or there will be a no sorn declared and you're able to be responsible for lower back tax. you will additionally want a valid MOT if required with a view to tax the vehicle. you could't tax a vehicle online except you have already have been given valid insurance declared and that they'd perceive the coverage. the recent type MOT will additionally be there and you like the registration rfile to take the small print off. All records are inter dependant to be sure that all of us has them

Answer 7

Well you get $10 a week. There is 365 weeks in each year, so multiply 365 by 10 that will equal $3,650. Than add 3,650 that will equal $7,300 add that by 3,650 that equals $10,950. So in 3 years you'll have $10,950. So in each year you'll get $3,650 a year.

365 x 10 = 3,650
3,650 + 3650 = 7,300
7,300 + 3,650 = 10,950

So you'll probably may want to save more i order to buy a car.

Answer 8

In about 5 yrs. U would be able buy!