buying a new car?

[bobuba]

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does anyone who got accepted buying a new car?
my current automobile is the crap..
i am thinking of buying volvo v50
what do you guys think?
is there anyone who bought a new car?

 

[NismoDDS]

2005 altima SE-R w00t w00t 😀

 

[jcdent27]

Im contemplating on getting a new car. But I think it's a bad idea to buy one using school loan money? I really won't be able to get one in 4 years because I'll be paying back dental school, so I'm thinking I should get one. Good idea or bad idea??

 

[GatorDDS]

bad idea. theoretically buying a car is the worst investment. If you have a car that works use it

 

[harjay]

The financial aid people recommended not making too many credit purchases. They may not be able to help you pay for high CC balances or car/insurance payments (depends on your situation I guess).

That being said, I just bought a 2007 Altima a couple months ago with cash [and got rear-ended already 😡]. Just keep in mind that if you have to use any financial aid to pay for it, it might take a looong time to pay off

 

[small]

If you can stand it, just keep the car you have. If your spouse insists, as mine did, buy a new car (and then find somewhere cheaper to live for dental school). Got a 2007 Honda CR-V, great car/SU-V/whatever you call these little SUV-ish vehicles. Leather's worth it, too. (oh yeah, there is no way we would have gotten this if my wife's parents hadn't helped with the down payment).

 

[DrSmiles12]

I am thinking about doing the same thing. I am married and have 2 cars. One of which is a Ford F-150. I am not sure that I will need that during D-school. I will have it paid of in a few months which makes me want to say I should just keep it, but the gas goes so fast in it.

 

[SanOnofre2002]

That being said, I just bought a 2006 Altima a couple months ago with cash [and got rear-ended already 😡].

I feel your pain. A few years ago I had my first ever new car only 3 weeks off the lot before someone jackass on the freeway rear-ended me. It took 3 months for the repairs b/c parts were new and hard to get. What a feeling, making super-size payments on a new car I couldn't drive.

To the OP, if you're gonna get a new car, how much do you think you'll have for payments every month? I've been assuming we'll all be broke and eating ramen.

 

[ajam]

I too am looking at this issue... only I have NO car right now. It's really a difficult thing. I'm pretty sure I can't make it through dental school with no car, but that gives me about 8 months in which to save enough to buy a used car. I just can't justify using dental loans to pay for car loans/leases when the car itself just keeps depreciating in value. So, hopefully I can get a vehicle reliable enough for the next 6 years on the cheap. Eek!

 

[jdoc04]

Well I guess you peeps need to weigh or options. If your current vehicle will cost you a lot of time & money with maintenance over the next for years. If you decide it would be advantageous to buy a new car. Get a good used car. If you look around you can find a good car for around 4000 that will get you through dental school.

 

[charlestweed]

If you only drive 5-10 miles per day, don’t buy an expensive car. During my dental school years, I drove the same 84 Dogde Colt that I bought after I graduated from high school. After dental school, I did ortho residency in a different state so I bought a $1200 Honda Civic and I drove it for 2 years. Neither car gave me problems. Save $$$ for something else.

 

[KEC029]

I love cars 😀

Buy the one you like~ but not too expensive. around 20,000 i guess so you can ride until you make descent money after becoming a dentist.

 

[charlestweed]

If you can’t afford a 20k car, you can lease one. With 359/month, you can drive a brand new 328i BMW…..free oil change and maintenance for 4 years.

Don't forget that you will need to spend a lot of money toward the end of your 4th year to take the state board exam. And you can’t work right a way b/c you have to wait for the board result.

 

[ought2sleep]

If you're going to dschool in an area where you need a dependable car..I say buy one now and pay it off BEFORE school starts. When I graduated undergrad this past spring my car was on its last legs..(err..wheels..hehe), so I decided to spring and bought a 2007 impreza. I'll pay it off by July (living with my parents to save money) and then I know it'll be good for at least the next four years. I would NOT use loan money to get a car. It's not that hard to live w/o one in most of the cities where dental schools are.