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re: Anyone buying new car during these times?
Posted on 5/20/20 at 10:11 pm to MIKEDATIGER
Posted on 5/20/20 at 10:11 pm to MIKEDATIGER
quote:You are on Crack Cocaine to contemplate buying a new car (especially on credit) for a High School kid.
Not an OT baller, need to get something for my high schooler before August.
Repeat after me:
“I will not”
_______
“buy my high school aged kid”
________________________
“a new car”
_________
“because it’s generally unwise”
________________________
“and isn’t good for the kid.”
_____________________
The only exception would be if you have a special needs kid, then safety and potentially having a vehicle outfitted for their needs might justify it.
Remember when Jamarcus Russell got millions of bucks from the Raiders for simply being the First overall NFL Draft Pick?
How’d that work out for him?
For a girl get her a five or six year-old Lexus ES350 sedan.
If you can possibly pull off getting a sedan for a boy then also do the same.
No Jeeps, no true SUVs, try to avoid trucks in general.
You should be most worried about CG-related issues.
If you have a kid who likes to hunt, maybe a truck but keep it low to the ground.
Besides the safety aspect, once you give a kid a new vehicle in High School, where do you go from there?
Another new car for college? Naw, that’s bad for THEM.
If they are doing well in college, about their Junior or early Senior year get them a new car.
They’ve moreso earned it by then if they’ve been good students.
This post was edited on 5/20/20 at 10:13 pm
Posted on 5/20/20 at 10:21 pm to soccerfüt
My dad did the old “you get a scholarship, you get a car for college” thing when I was in high school. I got a good scholarship. It was still a used car.
Posted on 5/20/20 at 10:26 pm to soccerfüt
quote:
Repeat after me: “I will not” _______ “buy my high school aged kid” ________________________ “a new car” _________ “because it’s generally unwise” ________________________ “and isn’t good for the kid.”
So yes you’re right but if I get her a 5-6 year old sedan, financing will suck as there are zero deals to be had.
I agree , she needs a used car.
Kia has a decent 2 or 3 year lease deal right now ; under $175 per month with $3K down
This post was edited on 5/21/20 at 7:17 pm
Posted on 5/21/20 at 1:23 pm to soccerfüt
quote:
buying a new car (especially on credit)
please detail me the harm in buying a new car for a high school kid w/ 0% interest credit for a vehicle that would last well past the kid's college days?
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