New Car going into residency??

[titanjones]

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Anyone planning on buying a new car for residency/internship? i have a 2000 camry with 105k miles on it and just matched into miami's anthesia program. Im thinking about getting a convertible (benz please) but my family is telling me that its a bad idea and to just keep my car. Jeez im tired of being broke and want to start living like a doctor.

Is getting a shiny new convertible a good idea or bad? (my parents will not be helping me buy it fyi)

 

[lushmd]

Dude, I've got a 1995 Camry w/~160K miles that I'm hoping lasts me through residency. Unless your car is a money pit, I would hold off.

 

[unoriginal]

Anyone planning on buying a new car for residency/internship? i have a 2000 camry with 105k miles on it and just matched into miami's anthesia program. Im thinking about getting a convertible (benz please) but my family is telling me that its a bad idea and to just keep my car. Jeez im tired of being broke and want to start living like a doctor.

Is getting a shiny new convertible a good idea or bad? (my parents will not be helping me buy it fyi)

wait and see what other people in the program are driving.... would u want to be the only one driving a benz convertible? lol

 

[swpm]

Jeez im tired of being broke and want to start living like a doctor.

If you're "tired of being broke" that implies that you have either no money, or worse, some level of student debt.

Do you really need our help deciding whether or not it's a good idea to blow a bunch of money you don't have on a car you don't need?

 

[nociceptor]

wait and see what other people in the program are driving.... would u want to be the only one driving a benz convertible? lol

make sure you get your BENZ with a personalized license plate.

Attendings and other faculty like that.

 

[TopsyKrett]

make sure you get your BENZ with a personalized license plate.

Attendings and other faculty like that.

And its a 3 series... a "hot doc" would have bought the m3...

 

[TheSandMan]

Anyone planning on buying a new car for residency/internship? i have a 2000 camry with 105k miles on it and just matched into miami's anthesia program. Im thinking about getting a convertible (benz please) but my family is telling me that its a bad idea and to just keep my car. Jeez im tired of being broke and want to start living like a doctor.

Is getting a shiny new convertible a good idea or bad? (my parents will not be helping me buy it fyi)

Don't do it man. Everyone i know with a car loan during residency is hating it. Think about it, automatic $250 + taken out of your check every month, not counting insurance. Nothing worse than living pay check to pay check

 

[huktonfonix]

do whatever makes you happy man. Some people like a bada$$ car, others prefer a big apartment. in the end, it comes down to how much "disposable income" you have after rent, bills, etc.... If you live in an area with a cheap cost of living and you can afford the 300-400/month go for it. on the other hand you could also buy a nice big screen tv with the money you save for a few months. I ended up leasing a new car, but only because my old one became a "money pit".

 

[amyl]

miami is going to be expensive to live and jackson mem is not the safest place to leave your new baby. however, if you are single, the women you will likely meet in miami will be impressed by the benz/bmw, etc.
how about a compromise....
a convertible saab, maybe a year old? they are cheaper and the same damn thing as bmw, benz -- trust me i had them all. i used to have a 5 series bmw - bought it brand new and had so many problems..it was okay but not worth the $....my current car, the saab 93 which i bought with 7000 miles on it, has had no problems and been the best car i have ever had. it also has a better warranty than the other cars did - 7 year 70k miles. at least give it a test drive -- the only difference with bmw is the name on the back...

 

[Gas]

In Miami, a Benz convertible is like a Corolla in any other part of the country. If you are single and want to impress the ladies, you need to step up your game. I would consider a Bentley or Ferrari convertible. Miami is one of the most superficial cities in the country. Oh, and you need to stop eating for a couple of months, so your weight will also be closer to the natives.

Just kidding. Do what you want, but money will be tight during residency. If you do want to enjoy your precious time off to the maximum, by all means splurge for the car.

 

[2ndyear]

If you're not going to drive that much, consider a lease. I know that in the long run you'll end up paying more, but for us residents I think it's viable. Your monthly payments will be lower and when you're done you just walk away. Of course then you have nothing to trade in and no car, but if you time it right you also have an attending level salary.

Another way to look at this is "buy what appreciates, lease what depreciates". Since cars are rarely a good investment (outside of 1960's corvettes, big block chevelle's, etc. all of which have gone way way up in recent years) leasing just might make sense. Perusing the local sunday paper today, I see that you can get into a 2008 SLK280 roadster or CLK 350 convertible for $499/month. If you're willing to go BMW I see a 2008 328i convertible for $368/month. 328xi is $268/month.

 

[cchoukal]

everyone's money situation is different, but I have to say, life in residency is hard enough, and tying yourself to a car loan AND a lot of maintenance and upkeep expenses (which are obviously WAY higher on a luxury car than a more modest car) will severely limit your disposable income. My own opinion is that residency would suck way less if I had enough money so that I:

1) didn't need to brownbag it for lunch every day
2) could do whatever I wanted on my free time
3) could take a decent trip every year.

I came into residency with a car that needed to be replaced (92 Accord, lots of miles, no AC), so I replaced it with a new Mazda3. Love the car and it was the right move, but payment plus insurance in chicago is like $420/month, which I'd rather be spending on going out and having fun.

A 2000 camry should easily last through your residency, and although it's not super hot, the money you save by keeping it could cover several nights out every month blowing cheddar on hot girls at clubs.

 

[coprolalia]

Get a beater. Something that will get you through residency. You're going to hear a bunch of **** during those 3+1 years about how you're a doctor and nanny-nanny-boo-boo don't b*tch because you chose this life and you're going to make a bunch of money and don't complain and blah, blah, blah from a whole host of nurses and other ancillary staff. If you are driving a Beamer, you're going to get absolutely no pity. Actually, if they find out you're driving some nice car they'll think that you're probably some rich little brat, and trust me you'll get a lot of extra 3:00 AM calls about Mrs. Oldenheimer's bowel movements.

Right now, at least I can tell the people who try to rub my M.D. in my face that I'd gladly trade my 120K-mile 1994 Honda Civic, 24-hour shifts, my $10.50 average hourly salary, and my $100K school debt for their cushy shift work. Of course, this still doesn't buy me too much extra sympathy, but at least most respect the fact that I'm paying my dues.

Work hard now and quietly live the ascetic lifestyle of the resident. Delayed gratification is the best kind. 🙂

-copro

 

[InGasWeTrust]

Titan Jones miami welcomes you with open arms. As a resident down here it takes a serious car to impress down here....benzes, beemers, lexi are like a dime a dozen. Lambos, F-cars, P-cars, Bentleys and Maseratis are daily occurences.....If you wanna impress get a Buggati or Maybach 62 or the new drop top phantom.

With that said it is nice to be amongst the commoners with your beemer or benz...You can lease either fairly cheap down here.....pm me if you want a contact

Amyl,
First congrats on the match.

But Im going to check you because you have gotten a little reckless with your comments about miami...

1. Miami is NOT mostly Q4 all 4 yrs....that is just wrong

2. Miami is not that expensive compared to most big cities.

3. Jackson is relatively safe

We are happy you are not coming here as we like people who want to work hard and play harder.......This is clearly proven in our match stats this year,which coincindentally were way better than were you matched

Please keep da U out your mouth, you don't have a clue what your talking about.

 

[MechE]

make sure you get your BENZ with a personalized license plate.

Attendings and other faculty like that.

Is this your car?

 

[Gas]

If you're not going to drive that much, consider a lease. I know that in the long run you'll end up paying more, but for us residents I think it's viable. Your monthly payments will be lower and when you're done you just walk away. Of course then you have nothing to trade in and no car, but if you time it right you also have an attending level salary.

Another way to look at this is "buy what appreciates, lease what depreciates". Since cars are rarely a good investment (outside of 1960's corvettes, big block chevelle's, etc. all of which have gone way way up in recent years) leasing just might make sense. Perusing the local sunday paper today, I see that you can get into a 2008 SLK280 roadster or CLK 350 convertible for $499/month. If you're willing to go BMW I see a 2008 328i convertible for $368/month. 328xi is $268/month.

Leasing is a good idea for your situation. I recently leased an Infiniti G35 sedan, and of course you pay a premium vs. if you buy, but there are advantages. Lower monthly payment, car is always under warranty, and in 4 years you will be ready for something else anyway when you make the big bucks. Plus, it's not really your car, so abuse it, kind of like a rental.

Be careful just looking at just the monthly payments. Figure out how much down they require. The 3 most important things to look at for a lease are the capitalized cost reduction (different than down payment), money factor, and the residual value. The dealer won't tell you the residual value or money factor unless you ask to see them in writing. For more details, look at www.leaseguide.com.

When I leased my car, I had all the calculations done ahead of time, so I barely even dealt with the salesman and went straight to the business manager. Know before you go, these car salesmen are bigger crooks than the people that work for AMC's.

 

[militarymd]

Anyone planning on buying a new car for residency/internship? i have a 2000 camry with 105k miles on it and just matched into miami's anthesia program. Im thinking about getting a convertible (benz please) but my family is telling me that its a bad idea and to just keep my car. Jeez im tired of being broke and want to start living like a doctor.

Is getting a shiny new convertible a good idea or bad? (my parents will not be helping me buy it fyi)

Don't do it.

Take the money and put it in a Roth IRA.

Finished my residency in 1997. I just bought my first new car last year...a Subaru....

I still have my honda with 130,000 miles on it...and I'm regretting buying the new Subaru....

If it runs...keep driving it....

If the cost of repair is starting to cost more than a car payment, then maybe consider a similarly priced car.

 

[Coastie]

Anyone planning on buying a new car for residency/internship? i have a 2000 camry with 105k miles on it and just matched into miami's anthesia program. Im thinking about getting a convertible (benz please) but my family is telling me that its a bad idea and to just keep my car. Jeez im tired of being broke and want to start living like a doctor.

Is getting a shiny new convertible a good idea or bad? (my parents will not be helping me buy it fyi)

A convertible benz will really make you popular around Jackson Memorial. Have a license plate that says "$MD$", and put your stethoscope around the mirror.

Also, buy kevlar, armor piercing rounds, and contract Blackwater for security.


Keep the camry. Living above your means is why we have the current financial crisis we're in.

 

[InGasWeTrust]

Titanjones

Understand that a car whether new or used is just an expense.

Figure out what your comfortable with spending and base your choice on that.

People will tell you not to its a waste, then they will drop ?7500 on one vacation...lol

Figure out what is important to you as far as your discretionary spending goes and spend it on whatever you like..


FYI......Never, Never, Ever put down money(capitalized cost reduction) on a lease! Its just plain stupid!

 

[amyl]

\
Amyl,
First congrats on the match.

But Im going to check you because you have gotten a little reckless with your comments about miami...

1. Miami is NOT mostly Q4 all 4 yrs....that is just wrong

2. Miami is not that expensive compared to most big cities.

3. Jackson is relatively safe

We are happy you are not coming here as we like people who want to work hard and play harder.......This is clearly proven in our match stats this year,which coincindentally were way better than were you matched
QUOTE]

Thanks!
1. that is what my classmates who did away rotations there said -- i am sorry if its wrong but i considered them to be good sources since a couple of them spent a month there and both said the same thing.
2. i think miami is expensive...it may not be NYC or CA but by my standards it is expensive to live there.
3. okay, I will give you relatively safe...i am not saying it is dangerous but the parking there is crazy and i would hate to leave a super expensive car there.

i am happy i didn't end up there too... i really liked the program i matched at and its right for me, that is why i put it first, i don't really care how their match stats went. not every program fits for everybody, which works out great for all of us candidates and programs as well.

 

[Leverage]

Dumb idea..you got atleast another hundred thousand miles on your current ride. Drive it in the ground. I think all cars are money pits it is just a question on how big a money pit you want. Brand new car equals huge pit in payments, insurance, gas, ect...It is not like you are going to impress anyone with a benz anyhow in Miami. I never did understand how people somehow attach ego to the type of car they drive...Sounds like it is pretty common practice in Miami.

 

[Jeff05]

you're tired of being broke and you want to live like a doctor...

dude, reality check. you're going to be a resident. the 45k they're going to pay you is not much, at all.

you will work hard and may want to go out to bars, go out to dinner, take a trip once in a while, plus LOANs?
i would also recommend maxing out your roth IRA, while you can.
this will destroy the 45k they're going to pay you.


you will be lucky to make ends meet without a new benz.

i think you may have to tone down your perception of how a "doctor" lives, because you may be sorely disappointed with the buying power that a career in medicine currently provides.

 

[titanjones]

wow...thanks for the insight guys!! guess ill be sticking with my camry. Maybe ill change the color of my car instead of buying a new one.

 

[nociceptor]

miami jackson mem is not the safest place to leave your new baby.

amyl, I am going to have to take issue with that also. Obviously you don't watch enough TV or you would know that Miami is one of the safest cities in the world.

You have Crockett and Tubbs preventing crime

And if anything gets past them you have CSI ready to catch the perps.

http://www.soundtrackcollector.com/images/movie/small/CSI_Miami_%28TV%29.gif

With these people working as hard as they do. Miami is safe and don't let anyone tell you different.

 

[y2janitor]

Don't forget about Dexter Morgan

 

[Mariah246]

amyl, I am going to have to take issue with that also. Obviously you don't watch enough TV or you would know that Miami is one of the safest cities in the world.

You have Crockett and Tubbs preventing crime

With these people working as hard as they do. Miami is safe and don't let anyone tell you different.

Yeah, but one went to drug rehab 😉

 

[nociceptor]

Is this your car?

I was originally going to get this one until I found out how much $$$ I would not be making in residency

so i had to settle for this one.

I had to fight a lot of surgeons for this one.

 

[nutmegs]

my car has 280K on it 🤔
but the top goes down, and I do love having my own house, and playing wii on a bigass LCD TV.
there's time for cars later.

 

[OB1🤙]

Everything I needed to know about violence in Miami I learned from Vanilla Ice.

Rollin' in my 5.0
With my rag-top down so my hair can blow
The girlies on standby waving just to say hi
Did you stop no I just drove by
Kept on pursuing to the next stop
I busted a left and I'm heading to the next block
The block was dead yo
So I continued to A1A Beachfront Avenue
Girls were hot wearing less than bikinis
Rockman lovers driving Lamborghinis
Jealous 'cause I'm out getting mine
Shay with a guage and Vanilla with a nine
Reading for the chumps on the wall
The chumps acting ill because they're so full of eight balls
Gunshots rang out like a bell
I grabbed my nine all I heard were shells
Falling on the concrete real fast
Jumped in my car slammed on the gas
Bumper to bumper the avenue's packed
I'm trying to get away before the jackers jack
Police on the scene you know what I mean
They passed me up confronted all the dope fiends
If there was a problem yo I'll solve it
Check out the hook while my DJ revolves it

 

[zippy2u]

Pops, You can buy and drive any car ya want, but you'll still be ugly compared to the people down there... Regards, ----Zippy

 

[coprolalia]

Patented Residency "Anti-B.S. Early AM Pages & I'll-Never-Get-Laid-For-The-Next-Four-Years" Ride™

-copro

 

[Mariah246]

Get a beater. Something that will get you through residency. You're going to hear a bunch of **** during those 3+1 years about how you're a doctor and nanny-nanny-boo-boo don't b*tch because you chose this life and you're going to make a bunch of money and don't complain and blah, blah, blah from a whole host of nurses and other ancillary staff. If you are driving a Beamer, you're going to get absolutely no pity. Actually, if they find out you're driving some nice car they'll think that you're probably some rich little brat, and trust me you'll get a lot of extra 3:00 AM calls about Mrs. Oldenheimer's bowel movements.

This'll work a lot better.

 

[TaiShan]

1. that is what my classmates who did away rotations there said -- i am sorry if its wrong but i considered them to be good sources since a couple of them spent a month there and both said the same thing.

If one of them happened to match to Miami or at least ranked it high, I suggest you find him/her and smack his/her forehead. Obviously, their comments did scare you (a good candidate) away. I mean, when was the last time a florida girl would rather go to Oklahoma than stay in South beach.

 

[nvshelat]

MS2 here with:

1999 Toyota Camry
203,800+ miles and going strong!

Put about $700 into it this weekend w/ a new battery, oil change, brakes (um apparently there were none in the rear!), and timing belt

Hoping this lasts me until residency

 

[amyl]

I know! I will miss the weather here in s.florida. neither of them matched there...not sure if any of them ranked them high.

 

[InGasWeTrust]

Amyl,

I think there is a reason why none of them matched here. Like I said, we had a ridiculously strong match this year.

Part of it Im sure had to do with cognitive skills in the sense that if they felt miami was malignant/workhorse program they clealry lacked insight and sound judgement....things you need when you take care of critically ill patients routinely.

IM sorry if Im busting your chops, but you med students annoy me with your bizarre and faux rationale on what program is good or bad. I understand what Miami's shortcomings are and they are none of the things you have talked about in your previous misinformed postings about da U.

And for the record there is a reason why DO's from NOVA don't match here......

Like I said congrats and good luck.....but please keep da U out ya mouth.

 

[FutureHuskerDoc]

Patented Residency "Anti-B.S. Early AM Pages & I'll-Never-Get-Laid-For-The-Next-Four-Years" Ride™

-copro

Hahahaha just get it murdered out like Big Black's pinto!

 

[nociceptor]

bizarre and faux rationale

I like that phrase, do you mind if I use it?

I am probably guilty of being a resident who uses a lot of bizarre and faux rationale. Or is that the medical field in general?

 

[interviewrvw]

Amyl,

I think there is a reason why none of them matched here. Like I said, we had a ridiculously strong match this year.

Part of it Im sure had to do with cognitive skills in the sense that if they felt miami was malignant/workhorse program they clealy lacked insight and sound judgement....things you need when you take care of critically ill patients routinely.

IM sorry if Im busting your chops, but you med students annoy me with your bizarre and faux rationale on what program is good or bad. I understand what Miami's shortcomings are and they are none of the things you have talked about in your previous misinformed postings about da U.

And for the record there is a reason why DO's from NOVA don't match here......

Like I said congrats, good luck.....but please keep da U out ya mouth.

Is there enough room at "da U" for your head? Get over yourself. Amyl handled your BS with class... U could learn a thing or two from her.

 

[sallyjoe]

Dude, I've got a 1995 Camry w/~160K miles that I'm hoping lasts me through residency. Unless your car is a money pit, I would hold off.

I had a Toyota Tacoma with 150K miles by the time I finished residency. Unless your car is a money pit, I would hold off until it dies. When I graduated residency, I bought new Toyota Tacoma. Cars are money pits that only waste money. The more expensive the car the faster it depreciates.

"I'm thinking about getting a convertible", Convertibles are not very practical cars.
They make good second cars at best. They are noisy, not secure, have less storage, and are structurally weaker than sedans. Do your self a favor and rent a coverable for a week and you will quickly cure your desire to own a convertible.

 

[swpm]

Part of it Im sure had to do with cognitive skills in the sense that if they felt miami was malignant/workhorse program they clealy lacked insight and sound judgement....things you need when you take care of critically ill patients routinely.

Oh, STFU already.

I don't know what she said, but your statement that students' negative opinions of Miami must surely be the result of crippling ignorance has got to be, bar none, the most arrogant thing I've heard in quite some time.

 

[supercut]

First statement: If you want to operate a vehicle in the most expensive way possible, THEN leasing is a good idea. All the major financial publications (Money, Consumer Reports, etc) agree on this.

Read a book like "The Milliionaire Next Door" or "The Millionaire Mindset" before you make your decision. You will learn that truly wealthy people don't buy new cars.

The car you are looking to replace is newer and with less miles than the car I drive. I graduated med school in 2003. Making low attending level pay now while I'm between surgery (finished 3 years) and gas residency. Spending my extra cash on paying down student loans and buying investment property. I'd rather spend my $ on that than on something that will go down in value like a rock. But maybe you will feel differently.

Last statement: realize that car dealers don't sell cars. They sell debt. They don't make any money if a person pays cash.

Leasing is a good idea for your situation.
Car salesmen are bigger crooks than the people that work for AMC's.

 

[powermd]

I had a Toyota Tacoma with 150K miles by the time I finished residency. Unless your car is a money pit, I would hold off until it dies. When I graduated residency, I bought new Toyota Tacoma. Cars are money pits that only waste money. The more expensive the car the faster it depreciates.

"I'm thinking about getting a convertible", Convertibles are not very practical cars.
They make good second cars at best. They are noisy, not secure, have less storage, and are structurally weaker than sedans. Do your self a favor and rent a coverable for a week and you will quickly cure your desire to own a convertible.

The 24 hours I spent renting a BMW M-roaster was the happiest day of my driving life. Having said that, my SO and I are looking at mid-size SUVs for the move out West this summer. I don't really understand the point of these cars, they have greater ground clearance, and look cooler than a wagon, but they seem to have less space. I'm eyeing a used X5 with <30K miles.

 

[nociceptor]

Making low attending level pay now while I'm between surgery (finished 3 years) and gas residency.

You did a GAS residency and now you are doing a surgery residency? I can't be understanding that right (not a first time)

Let me understand that...GAS=4 years Surgery=5 years Total=9 years

Yeah, a lot of people go to residency for 9 years. They are called doctors. Woops that doesn't fit here.

 

[g3pro]

If you're gonna thug it out, at least get a license plate with some style that shows what alll doctors are about:

or maybe this better suits your interests:

BTW, don't spend money on stupid things like cars that will get old and be worth little in a few years.

 

[toughlife]

1985 Mazda RX-7 GSL-SE with 1.3L rotary engine.

[/IMG]

 

[photographia]

This'll work a lot better.

That's funny because I just spent 1300 dollars putting together a tight *** commuter bike. Cars are bad. Do it on 2 wheels!

 

[FutureHuskerDoc]

1985 Mazda RX-7 GSL-SE with 1.3L rotary engine.

[/IMG]

Gotta love the Wankel's!! Loudest car I ever heard was a 87 RX-7...... That thing could scream!

 

[ckim2008]

Amyl,

I think there is a reason why none of them matched here. Like I said, we had a ridiculously strong match this year.

And for the record there is a reason why DO's from NOVA don't match here......



Actually NSU placed people into Jackson as recently as 2006 and as well as 2008.....The person that matched this year was probably NOT the strongest applicant in the class (on paper)....While I do think that Miami has a solid program that trains you well...lose the 'tude dude! Like many medical schools (and that definitely includes Miami!) there are good students and crappy ones...if they jumped over the same hurdles as you have (same boards, etc..) give them some slack man!

 

[amyl]

don't know about years past but this year none of the nova students matched there becuase they matched at places higher on their list (of the three that I know well enough to know their rank list anyways).