Should I take out a loan for a car?

  • Thread starter Thread starter Mikel
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Mikel

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I am a college student entering my 3rd year. My old car is a major gas hog, and unsafe and needs to be replaced. I found a 2004 Pontiac Grandam with 25000 miles. It is practically new and the only reason it is being sold is because the owner is leaving for Iraq. Seems like a good car for $9500 but I will need a $3000 loan. Should I think about it?
 
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