Rollover safety?
Cargo Master
Joined: Mar 2003
Posts: 2,333
Likes: 296
Originally Posted by aurgathor
If I had to take out a loan on a car, I'd think twice before buying it. For 10+ years, the most I paid (purchase price) for a car was $300. There are several good things about cars that very cheap:
a) if they have a serious problem, people usually don't spend much money on them, just replace them
b) they are cheap to insure -- in your case the insurance could be significant, and if you have a beater, then you only need liability insurance.
a) if they have a serious problem, people usually don't spend much money on them, just replace them
b) they are cheap to insure -- in your case the insurance could be significant, and if you have a beater, then you only need liability insurance.
Young people should save more money and can never start too young to do so. You will pay to much if you finance with "easy money".
Cars are not investments!
It would be a better move to put the money saved (from buying a car free and clear) toward a down payment on your first home.
Imagine being in your early twenties and owning your own home.
Imagine NOT living paycheck to paycheck (because no car payments etc.)
Sorry for getting off topic.
Argathor- I used to live in Bothell too.Right above canyon park. Couldn't stand the congestion-had to get away!
Lead Driver
Joined: Sep 2002
Posts: 9,182
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From: Gateway to the West
Do what you feel is best! I paid for my first car free and clear $3000 with money I had already saved from a couple of summers of work. My parents thought I was nuts when I rolled up at the house in a 1965 Miller/Meteor Combination Hearse-Ambulance on a Cadillac Fleetwood 75 limosine chassis. My mother was petrified that I'd lose control of "that monstrous car" (it was 20' 10" from hood ornament to taillights). In less than a month my mother was borrowing the thing because she could get more groceries and more kids in it than her Taurus.
Yes, yes, learn to save your money but good grief don't be miserable cruising around town in something you can't take pride in driving! At 16-17 there are still such things as "cool points" and a 12 year old Escort just doesn't cut it! And owning your own home ain't all its cracked up top be. Might as well be another full time job! (And mine is a fully restored 1920's vintage brick place.) Prudence should be learned but it should NOT take your teenage years and the thrills that come with them away from you!
(Steps down from soapbox)
Thank you for your time.
Yes, yes, learn to save your money but good grief don't be miserable cruising around town in something you can't take pride in driving! At 16-17 there are still such things as "cool points" and a 12 year old Escort just doesn't cut it! And owning your own home ain't all its cracked up top be. Might as well be another full time job! (And mine is a fully restored 1920's vintage brick place.) Prudence should be learned but it should NOT take your teenage years and the thrills that come with them away from you!
(Steps down from soapbox)
Thank you for your time.
Cargo Master
Joined: Mar 2003
Posts: 2,333
Likes: 296
Originally Posted by greystreak92
Do what you feel is best! I paid for my first car free and clear $3000 with money I had already saved from a couple of summers of work. My parents thought I was nuts when I rolled up at the house in a 1965 Miller/Meteor Combination Hearse-Ambulance on a Cadillac Fleetwood 75 limosine chassis. My mother was petrified that I'd lose control of "that monstrous car" (it was 20' 10" from hood ornament to taillights). In less than a month my mother was borrowing the thing because she could get more groceries and more kids in it than her Taurus.
Yes, yes, learn to save your money but good grief don't be miserable cruising around town in something you can't take pride in driving! At 16-17 there are still such things as "cool points" and a 12 year old Escort just doesn't cut it! And owning your own home ain't all its cracked up top be. Might as well be another full time job! (And mine is a fully restored 1920's vintage brick place.) Prudence should be learned but it should NOT take your teenage years and the thrills that come with them away from you!
(Steps down from soapbox)
Thank you for your time.
Yes, yes, learn to save your money but good grief don't be miserable cruising around town in something you can't take pride in driving! At 16-17 there are still such things as "cool points" and a 12 year old Escort just doesn't cut it! And owning your own home ain't all its cracked up top be. Might as well be another full time job! (And mine is a fully restored 1920's vintage brick place.) Prudence should be learned but it should NOT take your teenage years and the thrills that come with them away from you!
(Steps down from soapbox)
Thank you for your time.
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