I'm starting med school in the fall and am in need of a new car. With my financial aid package I know the school is budgeting around ~13,000 a year for living expenses. I've been offered a place to stay by some family friends and they're just going to charge me $100 a month to cover utilities. Any way..on to my question. I'm looking at some brand new cars that would have payments from 250-300 a month. I'm thinking it would be smart to go brand new for the warranty and that it should last me through med school and residency. I know the schools don't budget for car payments but I'll have the extra money from not paying rent. Does it sound like a good idea? Should I just go for the new car?