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Originally Posted by jsab9191 Sounds like the best advise you could recieve would be to pay cash for your cars don,t get involve in a fleece. I,m not sure the write-off can benefit you in the tax bracket your in. |
Bingo.....
I would advise my son your age to buy a car with savings. A band new car is way more than you need to bite off at this time in your life financially....
The insurance and gas payments every month are nothing to sneeze at for young men under 25 years old. That combined with a 400 dollar note is a fairly large commitment.
I'd get a good used one owner car with a few miles on it for between 6-8 grand and that way you won't take a big hit on it when you decide to upgrade a few years from now.
Put the money you would have spent on payments in the bank and you'll have a nice little nest egg saved up in no time.......Good luck......