I'm a college student graduating in 10 months and I was offered by my uncle a new car. I just got my license due to family issues and am ok driving, but I need more time out there so I make less mistakes. As my father is getting ill I will be responsible for doing errands now, thus me being forced into a license, thus me being 22 and having 60 hours tops driving time. For example, I turn really slowly on streets that are cramped with cars on both sides. I'm still not used to highways, I'm ok on a boulevard doing 45-60mph. All things People keep telling me I'll get used to.
My uncle is willing to purchase a car for me that will last me a long time. he insists I get a warranty that lasts a while and something with less than 40k miles and around 2004-2006 range used. He found out the prices of Toyota and Honda models in this range and now suggests I just get a new model. He wants me to get something that's dependable and will withstand my constant need to drive long distances due to my career options in the future.
My problem is, as a new driver I am scared to drive a new model and damage it in some way. I've called a few dealers and right now got a price on a $16,700 for a 2010 Corolla LE. I also was offered a Corolla S 2005 for $10,500, with 80,000 miles. 2005-2006 Corollas I keep finding for $13,000-$15,000 with 45-32,000 miles. Because I'm a new driver the lowest insurance rate I can find is $200, applies to both the old and new Corolla. I've been looking at Honda as well, but am finding for the requirements he's asking for they're pricier with less features. He's giving me $8000 and $400 a month to spend on insurance and car payments. The logic on a new car is that negotiating a price is "easier" and I can have a greater certainty that my car will be reliable and on an included warranty I don't have to pay 600-1000 for.
Right now, I'm leaning towards an older model due to depreciation and much greater wiggle room in monthly payments. I also probably will feel less afraid of damage and theft in the used car. Right now I'm very indecisive from the amount of cars and dealerships I've looked at and visited for price quotes. The entire situation is giving me a headache and any advice anyone can give me would be greatly appreciated.
My uncle is willing to purchase a car for me that will last me a long time. he insists I get a warranty that lasts a while and something with less than 40k miles and around 2004-2006 range used. He found out the prices of Toyota and Honda models in this range and now suggests I just get a new model. He wants me to get something that's dependable and will withstand my constant need to drive long distances due to my career options in the future.
My problem is, as a new driver I am scared to drive a new model and damage it in some way. I've called a few dealers and right now got a price on a $16,700 for a 2010 Corolla LE. I also was offered a Corolla S 2005 for $10,500, with 80,000 miles. 2005-2006 Corollas I keep finding for $13,000-$15,000 with 45-32,000 miles. Because I'm a new driver the lowest insurance rate I can find is $200, applies to both the old and new Corolla. I've been looking at Honda as well, but am finding for the requirements he's asking for they're pricier with less features. He's giving me $8000 and $400 a month to spend on insurance and car payments. The logic on a new car is that negotiating a price is "easier" and I can have a greater certainty that my car will be reliable and on an included warranty I don't have to pay 600-1000 for.
Right now, I'm leaning towards an older model due to depreciation and much greater wiggle room in monthly payments. I also probably will feel less afraid of damage and theft in the used car. Right now I'm very indecisive from the amount of cars and dealerships I've looked at and visited for price quotes. The entire situation is giving me a headache and any advice anyone can give me would be greatly appreciated.