How does anyone afford their first car?

Question

I will be attending college in about a year, and I have no idea how anyone affords their first car. I do know how to use the bus system, but it's not always dependable. I'm moving out, so that means paying rent. I have a lot of dental problems that HAVE to be dealt with, and then there's school on top of that! How does anybody afford their first car?

I couldn't care less the appearance of the car, I just need something to get me around.

Answer 1

IF you can try a scooter just for around town. A 50cc get s over a 100mpg insurance is not much and payments are low. A 08 Kymco Agility 50 is about 2k out the door and a lot of people get them as first vehicle and to build  up credit.

Answer 2

Most of the time I went to school, I didn't have a car.  Because yeah, they cost money.  

They cost money to buy.  They cost money to fuel.  They cost money to insure.  They cost money to register.  If you're not careful they cost money in tickets.  If you have an accident they cost money to repair or replace.  

And sooner or later they will break down, usually in the dead of winter, and they cost money to fix then too.

If you can work out a situation where you don't need a car, that's the best solution.

Answer 3

have to get a job of course. save money. and go from there. deal with what is a neccessity first.

Answer 4

There is the - everybody's favorite bank

Banko De Papa  AND

Banko De Mama.

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You can find very decent car (in good mechanical shape - but somewhat ugly) if you shop around - for just about $2000.  Any less you are really looking to buy somebody else's problem - instead of somebody's car.

MSNBC had a news story on where is the best places to buy used cars. The used car dealers were on the BOTTOM of the list. They are pros at negotiations (and you and I are rank amateurs), they are pros at hiding problems on their cars, etc.

The private sales (newspaper, etc.) were the best places. The seller will not tell you all the problems, but they don't know how to hide them.

And a private seller are at MOST they are equal in negotiation skills to you and me.

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My 94 Civic can get 41 MPG (and I was doing 72 for the mileage test). The engine + tranny + suspension runs like new. It ain't no beauty but it is rock solid. If I had to sell it, I would not get more than few thousand dollars. This is the kind of car you want to look for.

Just take your time, as good old used cars are cheap but hard to come by.

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Here's some rules you should consider when buying a used car

(1) don't get sold on the paint job = meaning cars having good exterior, fancy CD radio, etc.

(2) look for car with sound ENGINE + TRANNY + SUSPENSION.

(3) test every button, k**b, switch, slider, etc.. Ex: even in the summer test out the heater & even in the winter test out the AC (if you can).  Slide the AC/heater to fan1, fan2, fan3, etc.  then slid the vent to defrost, front, bottom, etc.  Test the high beam, low beam, etc.  Test (flip) the visor.  Test the alarm.  Test all 4 doors.  Test the rear defogger.

  *****   TEST EVERYTHING.

(4) BEFORE the first start, open the engine bay and see if the engine is already warmed up.  Many engines starts well when already warmed up, but may have problems when cold (or cold start).

(5) test drive with the sound system off and window down. Listen for weird sound coming from the wheels & suspension.

(6) Look inside the engine bay to see if you can see see leaks, etc.  It is normal to see some oil and grease.  But too much means that the car is leaking oil somewhere. Too clean (really clean) means they just wash the engine bay - possibly hiding some oil leaks.

(7) check the engine oil dip stick. If the oil is BRAND NEW CLEAN, the seller MIGHT be hiding something.  If the oil is jet black and /or smells like gasoline (or burnt), you might have engine problem).

(8) once you are satisfied with the above - you can NOW take it to the mechanic for the engine + tranny + suspension inspection.  He won't find everything, but he will find the obvious.  Take it to a mechanic EVEN if you are buying from a used car dealer.  They cars are NO better than cars you buy from ebay and craigslist.com.  Just more expensive.

good Luck...

Answer 5

thats why some people buy cheap cars that just gets them from A to B. or if is that expensive for you, use public transportation until you are able to afford a car and still live comfortably..

Answer 6

People usually get a job then save up.

Answer 7

Answer from a General Insurance Agent.

Most people actually buy a "cash car" for their first vehicle. That way they don't have to make payments to a finance company and can save money, (especially when young) on the insurance because without a finance note they don't have to buy Comprehensive and Collision coverage.

Good Luck

Answer 8

Look for a school in a city that has good public transit and smart cars, like Chicago.