Quote:
Originally Posted by drtwo
I may be a fuddy duddy, but I'd say, work, live and give it a few years! Get one used in a couple years so that you aren't tied down to a restrictive payment that sucks up your entire income. Let a new car be something to look forward to in your future life. Go to college, save!
When I was 20, I was in the Air Force. The last thing on my mind was buying a 'new corvette'. Get a house, get some equity and don't 'invest' in a car which will be essentially worthless in 8 years. When you are older, find comfort in being able to buy a nice, new car that you can easily afford. If you do it now, wht is there to look forward to in life?
Get a late model newER vehicle and enjoy life without the stress of a huge car payment...
Sorry for being 'old' sounding... but you learn lessons with experience...
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From another old fart ..... I'd agree ... A car is not a good investment when your young, because you will never get your money out of it. If it were me I would invest the money in a house, right now is a buyers market for houses. If I had it to do over again I would go for a house before a car any day. But your young and just see the car now for what it is, and the chicks that go with it ....Either way you will need a co-signer due to the lack of history ... Good Luck !!!