Help with buying first car?

Question

I'm about to start college. I've got about 2,000 saved up. I was thinking about taking a loan out for like 5,000. How much should I pay for monthly payments and how long should it be for? Not sure what to get, any tips?

Answer 1

get any black car, and paint flames on the side...i looks hot on my car, and i mean HOT.

~~~HAPPY DAY~~~

Answer 2

avoid going into debt and having to make payments.

save up and pay cash.

for $4,000

look for

98 Acura CL, 98 Ford Mustang V6, 98 Honda Accord or Civic, 98 Nissan Frontier or Pathfinder, 98 Subaru Impreza or Legacy, 98 -00 Toyota Corolla or Echo 00

Answer 3

if this is going to be your first car then i would only bye a car for a few quid mate the insurance is going to be a killer anyway and if your anything like the others i seen after they have pasted thier test then its going to get a couple of dents with in a day maybe two but not to many more mate get some real driving under your belt thenyou will be able to finish school get a job then spend some time looking for a car that suits the area you live in but enought ramberling mate no more than 250 pounds a little rover 214 or 216 very reliable suit a student down to the ground mate not to quick so at least no one will die be senceable your being watched mate yes watched

Answer 4

Find and buy a car with the $2000 you have. If you're just starting college, you don't want to have a car note to stress you. Besides, no matter what you get, you're insurance will be through the roof.  

If your parents are helping you, see if you can get them to do a personal loan for the $5000, at 5% interest, maybe 125/m. You'll be paying forever but while ou're in school, coming up with a few hundred a month is easier than a few thousand.

Answer 5

First get a car thats a bit under the actual amount you want to spend and look around for deals.  You have to bargain so if you know what car you want then go to kelly blue book and look up the suggested value for it.  Bankrate will have the loan calculator for you.  Also, have someone with good credit co sign.  This will reduce your interest rate and how much you actually put on down payment.  Basically a longer loan term means lower payment per month and a shorter payment term means higher payment.  you'll figure it out.

Answer 6

i think you should just go with a car that maybe fits your personality or who you are in general. regarldess of the car you choose i think you should just pick what YOU want and not worry about it.