i would like to know what the answers community thinks about my future upcoming car purchasing situations. here's a little background:
i'm 20 years old and just sold my 1st car for $1800 and turned a profit. next year i will be transferring from a CA junior college to a 4-year college. my parents are currently letting me use their extra car until i come home for the summer (i live 3 hours away) assuming that they will let me keep using their car until i transfer in the fall i have three options i need your advice on the one that makes the most financial sense.
1) should i buy a little $1800 reliable car (honda/toyota, etc) now?
2) should i wait until after summer where i will have saved up $5,000 from my summer job and combine that with the $1800 i already have to purchase a nice vehicle for roughly $6800?
3) should i just wait until summer is over, exhausting my parents resources, patients, and car and then buy a $1800 "beater" haha
-i really want to go with #2 especially if i get my full ride (i also play college bball) and get my "dream" car.
i would really appreciate any and all advice.
thank you!
i'm 20 years old and just sold my 1st car for $1800 and turned a profit. next year i will be transferring from a CA junior college to a 4-year college. my parents are currently letting me use their extra car until i come home for the summer (i live 3 hours away) assuming that they will let me keep using their car until i transfer in the fall i have three options i need your advice on the one that makes the most financial sense.
1) should i buy a little $1800 reliable car (honda/toyota, etc) now?
2) should i wait until after summer where i will have saved up $5,000 from my summer job and combine that with the $1800 i already have to purchase a nice vehicle for roughly $6800?
3) should i just wait until summer is over, exhausting my parents resources, patients, and car and then buy a $1800 "beater" haha
-i really want to go with #2 especially if i get my full ride (i also play college bball) and get my "dream" car.
i would really appreciate any and all advice.
thank you!