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re: Daughter is looking at cars
Posted on 8/22/14 at 9:37 am to CorkSoaker
Posted on 8/22/14 at 9:37 am to CorkSoaker
It is a great idea and I had sort of the same deal with my parents. The difference is I bought a cheap new car instead of a car with 100K on the clock. This car lasted me 13 years and allowed me to save for something else once I got out of college and started working.
I didn't have to worry about getting a new car and was able to save for a 20% down payment on a house. Just a suggestion to the OP. Think about what situation this car may put your daughter in when she graduates college. I'm glad I didn't have to focus on replacing my car.
I didn't have to worry about getting a new car and was able to save for a 20% down payment on a house. Just a suggestion to the OP. Think about what situation this car may put your daughter in when she graduates college. I'm glad I didn't have to focus on replacing my car.
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