Question:

What is a better idea?

by  |  earlier

0 LIKES UnLike

We are about to have a baby in September and we currently share a car...

Buying a 1992 Explorer for $300 from family. (It is this cheap because they are trying to help us out and no longer use the car.) Of course it might need work, but it would almost definitely not add up to the cost of a monthly car payment and monthly insurance premium payment...

OR

Financing a car--almost definitely a used car, but in better condition than this particular Explorer--which requires higher insurance coverage (and therefore more cost per month) than a car we own outright (like the Explorer)?

The Explorer would be primarily for getting to work, which is less than 5 miles each way.

 Tags:

   Report

2 ANSWERS


  1. Go for the Explorer, that is a great deal! And worst comes to worse and it no longer runs...then finance a car. Good luck!


  2. Exployer cause it might not need as much work as you think. They are both used so the other one could end up needing work to so go with the one you know is cheaper. It is too hard to get out of debt so try to stay away from it.
You're reading: What is a better idea?

Question Stats

Latest activity: earlier.
This question has 2 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.