Can i buy a new car if i only make $10k a year and a college student?
My dad is willing to help me a little bit. I'm looking at getting a ford fiesta or Hyundai accent for $15k. Know i was thinking about buying a used car but i'm worried it will have lots of problems. What should i do?
Get a used car, maybe no more than 4-5 years old. Avoid all German cars, they are money pits. American cars are cheap to fix, but they need a lot of fixing. Best cars to get are Toyotas. After that any of the other second-tier Japanese or Korean companies.
But despite all of that, a used car is still miles better than buying a new car, as you will not gain any additional reliability with a new car.
Consider taking over a lease. Look at www.swapalease.com and www.leasetrader.com. You can look at the lowest monthly lease payments and/or the shortest terms left on leases.
Nope. Your income is too low, you probably wouldn't qualify for financing.
No.
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