skyguy_6153
Well-known member
Ok so I will be driving next year and I mightbe purcpurchasing a FFE, is it a good first car? Range shoulshouldn't be a problem since my school is only about 5-10 mins away.
Are you planning to buy new or used? If I were you, get a used car first. Younger kids tend to get into more accidents. If your parents are buying you the car, ask them to buy used and use the rest of the money on college tuition so you won't have much debt when you graduate.skyguy_6153 said:Ok so I will be driving next year and I might be purchasing a FFE, is it a good first car? Range shoulshouldn't be a problem since my school is only about 5-10 mins away.
These are excellent words of advice. I lived at home during college and got lots of credits through PSEO and other courses while in High School so I was able to finish my degree in 3 years. I only had about $11k in student loans when I graduated and they were all paid off in less than 6 months. Since then I've been able to save for the future and spend on things like an EV rather than being stuck in debt.Elektra said:Student debt is out of control. My friend has about $300,000 of debt vs $30,000 for me. I drove a 10 year old car, went to in-state for undergrad and grad school, lived in a $600/mo apartment, worked during the summer. Would you rather finish school with a $30,000 debt or $300,000 debt? I paid off my debt the first year, my friend is doing income-based repayment so he has to pay for 20 years.
Speaking of accidents, I would think that parents would want their kids to have a fairly modern car, if at all possible, not some old clunker simply to save a few bucks "in case of a minor accident". What about a major accident?michael said:I generally suggest that new drivers get an older car because there is risk of minor accidents until you get more experience. By the same token, I got my daughter a new ICE Focus when she needed a first car and she kept in in pristine condition.
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