Quote:
Originally Posted by RichS
One of the least intelligent things that a 17 year old college student could do is lease a new car. What the hell does a 17 year old college student need to pay for the depreciation on a new car for? (Lease = LET ME PAY FOR THE DEPRECIATION ON THIS NEW CAR PLEASE.)
You should be buying a very, very used car. Think 200,000 mile station wagon. For $1500. You should be happy that you have it.
Now for the 4 years that you are in college, save the $400/month. Now when you graduate you'll have $20,000 to put down on a new car. And you'll have a job where you can afford to pay for the rest of a new (to you if you are smart) car. In 4 years you'll probably be able to pick up a nicely used Elise for not much more than $20K.
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If only my mom subscribed to this logic. I have begged her to allow me to get a 94 miata again and again. I've shown her all kinds of safety devices from roll bars to full on roll cages. She still won't budge.
Her logic is that I am not a mechanic and used cars = major engine problems. This has been her experience when she was my age dealing with US cars.
She only wants me to get a new car because of warranty. I'm not afraid to drive an altima if it means a better car in the future and less out the wallet now.
Any ideas to convince her that used cars do not always = scam/lemon/major engine problems??