no joke this is what i did.....
Buy a used BMW, not just any BMW but a 740IL. not a new one, but one that has gone down from $85k to about 20k. (mine is a 2000 740IL) $20 grand now when financed is 400 bucks a mo. Use your student loans 🙂 That way you will have a great car, it wont break down on you, and you will be driveing in style durring school. Your class mates will hate you, but who cares.... There just jelous 😀
Honestly this is what i did. There is a wonderful feeling about going 95 miles a hour down I95 that releaves the stress of studying. I know im going to get flamed for this post. Thats ok too.
Think of it this way, if you die when your 200k in debt you just screwed the bank over big time....... Hopefully that wont happen, but it might bring a smile to your face if **** hits the fan........
Lets face the facts. BMW makes a nice car. We are going to be in school for a long time. We are going to semi poor for a while after school, so if you buy a car and use your loans for it you will be able to have a reliable car and enjoy it for a while. this only makes sence of course if your going to keep the car for 7 years or more. Other wise deprecation will eat up the saveings..... You could buy a honda or some american P.O.S. and watch it rust in 4 years or buy a BMW and park it in the salt for 10 years with out a speck of rust. These cars require some care. Its not a honda. But when you go out in the morning it will start. Hell it even tells you when something is going to fail before it does. For example i got a message to replace the O2 senser (it told me what one, it has six) becuse it is expected to fail soon. Other cars would let you drive down the road untill it fails, give you a check engine light and stall out leaveing you on the side of the road. Buy one -> Drive one -> you will never drive anything else in your life. Trust me!
This doesnt work well for large cities like boston or NYC. parking alone is mad $$$. but for anywhere else this is a great idea.
So think about it, do you want to use your bike for a few years then buy a beat up honda just to watch it break down when you NEED to be somewere? Sure you will have less debt. But whats 20 grand in 10 years any way? If all goes as planed almost anyone on SDN will be makeing some fat cash in 10 years anyway. We work very hard, why not enjoy it a little now and then. Like when you have to drive. AKA every day of your life. Oh ya, buy a Valentine One! it makes driveing 95 on I95 much cheeper! (this thing is sooooo much better than any other radar detector out there) You get a full mile warning before you get hit. You start slowing down way before anyone else, then watch as everyone else gets caught in the speed trap. Oh ya, cops generly leave 740's alone.
Ive had mine for almost a year and love the thing. The 540 is a nice car too. Cheep INS too!
Let the flameing start!!!!