I make $17k per year...should I buy a new $20k car?

Originally posted by: misle
I'm considering buying a new car. My old '96 Lumnia runs, but is getting high in miles and I never have really liked the Lumina.

My rent is only $250 (gas, electric, water included). $45 for cell, $60 for cable/internet

I have about $1500 + Lumina trade in for down payment. My father offered to co-sign if needed.

I am graduating in December (BSEE) and, hopefully, getting a job that pays 3 times as much.

Should I buy it?

Why do people do that? For the life of me, I cannot understand. A friend of mine did that and now she's in big debt. She made the exact same argument about graduating and making big money. Why does it hurt to wait until the job comes?

 

[bjc112]

Originally posted by: oldsmoboat

Originally posted by: SupaDupaPan
Get the job first, then go car searching.

:thumbsup:

 

[Lonyo]

Wait, because in the 6 months from now until new job, something might get seriously fvcked up and need a few thousand quickly to fix it. If you just got a new car, you'd be in seriious trouble if that kind of emergency did come up.
Not worth the risk.

 

[edmundoab]

realistically u should survive
spend less on strip clubs... j/k..

 

[DainBramaged]

Originally posted by: SupaDupaPan
Get the job first, then go car searching.

 

[Mo0o]

Originally posted by: SupaDupaPan
Get the job first, then go car searching.

 

[RaiderJ]

Definitely job first... but only get a new vehicle if it won't hinder your ability to buy a house in a few years. A house is a much better buy than a car.

 

[Nebben]

I'd definitely recommend buying the car that you don't have money for immediately. Shortly thereafter, I'd recommend getting at least 8 credit cards and buying hundreds of things that you don't need. See you in a few years when you ask what to do about your thousands of dollars of debt!

[Due to the high levels of exaggeration above, taking this post too seriously is not advised, but if any of it hits home, perhaps you should rethink your purchasing habits.]

 

[wiredspider]

job then car

 

[TomKazansky]

just make sure you have a stable source of income when ur gonna lease/finance a car. Doesn't have to be a job =P

 

[oogabooga]

Originally posted by: SupaDupaPan
Get the job first, then go car searching.

quoting just in case it hasn't been quoted enough.

...

Originally posted by: SupaDupaPan
Get the job first, then go car searching.

once more for good measure.

 

[Miramonti]

Originally posted by: ironcrotch

Originally posted by: SupaDupaPan
Get the job first, then go car searching.

QFT

 

[Tbirdkid]

first off, dont buy new... i hate to say it, but depreciation on everything sucks as soon as you take it off the lot. Now, dont buy a car until you start making the dough... you have been making it so far without... just wait.

 

[misle]

Okay, WTF is this thread still alive? You all keep spouting the same advice, which I have already agreed with.

Read the fvckin' thread before you reply and let this thread die. Nothing new, advice-wise, has been posted since Friday night.

 

[iwantanewcomputer]

Originally posted by: dullard

Originally posted by: SupaDupaPan
Get the job first, then go car searching.

Ditto. (Much better than that stupid QFT).

QFT

 

[Scouzer]

Originally posted by: misle
Okay, WTF is this thread still alive? You all keep spouting the same advice, which I have already agreed with.

Read the fvckin' thread before you reply and let this thread die. Nothing new, advice-wise, has been posted since Friday night.

QFT

 

[edro]

Originally posted by: misle
Okay, WTF is this thread still alive? You all keep spouting the same advice, which I have already agreed with.

Read the fvckin' thread before you reply and let this thread die. Nothing new, advice-wise, has been posted since Friday night.

I agree, you need to wait until you secure the job before you make a large purchase like that.

bump

 

[iamwiz82]

Originally posted by: Tbirdkid
first off, dont buy new... i hate to say it, but depreciation on everything sucks as soon as you take it off the lot. Now, dont buy a car until you start making the dough... you have been making it so far without... just wait.

My car has appreciated since I took it off the lot last October.

 

[PricklyPete]

Originally posted by: SupaDupaPan
Get the job first, then go car searching.

Agreed.

 

[Nebben]

Originally posted by: misle
Okay, WTF is this thread still alive? You all keep spouting the same advice, which I have already agreed with.

Read the fvckin' thread before you reply and let this thread die. Nothing new, advice-wise, has been posted since Friday night.

I think you should get the job first, then buy the car.

 

[KingPhil]

1- What is your major?

2- Where do you live?

3- What makes you think you can find a job for 51k starting right out of college? The above 2 questions will help answer this one.