Joined
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3 Posts
here is my situation..
i'm a full-time college student working a part-time job making about $600/mo.
i have about $11k saved and no credit history.
full-coverage for me will cost about $275/mo (my dad will help me out every month with about $120)
i was thinking about putting $6000 down and doing monthly payments with my job and the left-over $5000. i think i can get a better APR rate if i go through a bank instead of toyota.. and since i'll still be working, that $5000 should flow at a steady pace instead of depeleting within a few months time. my other bills include food, phone, cable, gas, and i guess a social life. is buying a new car a good choice for me? or should i just take that $11k and buy a used civic or something?
what else am i forgetting? what are my options? hope to hear from you guys... thanks!
i'm a full-time college student working a part-time job making about $600/mo.
i have about $11k saved and no credit history.
full-coverage for me will cost about $275/mo (my dad will help me out every month with about $120)
i was thinking about putting $6000 down and doing monthly payments with my job and the left-over $5000. i think i can get a better APR rate if i go through a bank instead of toyota.. and since i'll still be working, that $5000 should flow at a steady pace instead of depeleting within a few months time. my other bills include food, phone, cable, gas, and i guess a social life. is buying a new car a good choice for me? or should i just take that $11k and buy a used civic or something?

