What to get for a first car
Posted 28 March 2012 - 09:13 PM
Posted 29 March 2012 - 07:01 AM
cheap car, cheap insurance, and fun to drive. Just do your homework and don't buy a rusted out POS. Maybe drive down south a bit to pick up a rust free one that has not endured the jersey winters.
Posted 30 April 2012 - 09:59 PM
Also you can expect massive depreciation on a new car, some are better than others but some cars drop in value by as much as 30% in the first year. If you want to buy something more recent buy a year old model. That way you will avoid the massive drop in value that most cars experience in the first year.
Oh and if you end up making payments on a car put down as much money up front as possible, it will make your payments more bearable. But I still wouldn't advise it.
Edited by ndlax2340, 30 April 2012 - 10:02 PM.
Posted 30 April 2012 - 11:39 PM
Also, time value of money theory would say you should go the loan route (assuming interest rates weren't awful). But for peace of mind and in case of emergency, you may be better off paying cash. Especially if by some unfortunate chance the car gets wrecked or totalled (then you won't owe more than the car is worth).
Posted 01 May 2012 - 01:31 AM
Posted 01 May 2012 - 06:23 AM
Get a 2003 ish toyota tacoma/nissan frontier/ford ranger, best value for a truck, good size easy to park, lasts forever.
Posted 02 May 2012 - 10:31 AM
in my opinion there are so many quality used cars out there that can be had at reasonable prices. Carmax does a good business if you like the walk in, walk out, no haggling thing.
Posted 02 May 2012 - 11:29 AM
New> Nissan Juke or Kia Soul (be like Micelle Wie)
used> Nissan Rogue, Rav 4 (little boring), Subaru something, Ford Escape.
Avoid> used Liberty or Grand Cherokee, Equinox (newer style too expensive for you, old one is crap), older Sportage, 3rd generation batmobile.
Edited by Falang_Golfer, 02 May 2012 - 11:30 AM.
Posted 02 May 2012 - 10:05 PM
I have a solid income of caddying and I am going to work at golf smith/ oakley in the winter. money is not the issue for me
I don't have any idea how much you make caddying, but I would imagine it's enough to pay a car payment. However, I don't imagine that Golfsmith pays that well. Not saying they don't, or you can't do it. I'm just giving some advice. If you don't have to be tied down with debt, don't be. You have enough cash to get a really solid first car. Then once you're done with school and get a good job, upgrade. Like others have said, the second you drive that brand new car off the lot, you already lost a few thousand dollars. If you are looking at something newer, get a slightly used model from last year. You'll save a ton of money and depending on the mileage, there will still be some of the factory warranty left.
And for what it's worth, I was just at a Nissan dealership to have my car serviced. The Altima is a nice ride. I was checking out a Nissan Xterra also. I am a huge fan of the Pathfinder, and the Xterra seems to be a smaller sporty version.
Posted 03 May 2012 - 11:34 PM