Quote:
Originally Posted by Reeyal
If money is tight, I would recommend saving up money instead. Owning a car, even a used one, is pretty expensive. The cost right off the get-go is insurance. There is also the fuel cost as you drive around. The maintenance cost builds up after a while. A good estimate is 50% to 100% of the would be fuel cost that has to be put back into maintenance. For example, if it costs you $50 every two weeks for fuel-ups, be prepared to put in $50 to $100 a month for maintenance (depending on the vehicle). Of course, you may not need to do anything for a few months, but might get hit by a hefty bill when you actually do maintenance. Unless you do your own work, then there's some savings.
|
Exactly this. Back when I was a student, gas was 0.399 and owning a car was affordable. At current price levels, you'll be working your ass off just to keep the car moving (unless your family's footing the bills).