All Questions
11
questions
10
votes
12
answers
6k
views
Do I use savings to buy a car?
My current car worth £700 needs £1500 of repairs. It’s a bit of a money pit at the moment with big repairs needed a lot.
I want to buy a new car. I’m looking at used cars and I found a 2015 Corsa that ...
- 101
35
votes
13
answers
16k
views
Should I spend 3/4 of my savings to buy a new car that costs about a year of my annual salary?
Since I still live with my parents I've been saving money for a while. All these savings amount to around 15 months of my current salary.
Now I need a car.
Cars are pretty expensive. I don't want to ...
- 459
1
vote
2
answers
394
views
How can I help a 17 year old track and pay me back a personal loan?
I’m selling my 17 year old cousin my car. He wants to make regular payments on it, every two weeks or so. Instead of taking cash, issuing receipts, and tracking this on paper somewhere, I’d like to ...
- 131
0
votes
1
answer
226
views
should I save more money to purchase a Used car or borrow from my office?
please suggest me should a save more money to purchase a used car or borrow money from my office where I work. I have half of the amount that costs the car I want to buy. kindly suggest me.
PS my ...
- 113
4
votes
6
answers
2k
views
Pay for a cheap car or take out a loan?
I have $2,000 in total in my savings account for a car but I am starting a better paying job in three months and I will need a car to get to it. At the moment, I am biking to my current job. I am just ...
- 41
4
votes
5
answers
12k
views
Should I buy my first car with all of my savings?
Note: I live in Europe.
Hopefully - In a few months time I will be (age) legal to drive, and after getting my license I'm thinking of getting a BMW E46 after years saving up cash from my full-time ...
- 157
9
votes
4
answers
13k
views
When is the right time to buy a car and/or a house?
I am a 24 years old young IT professional. Since I don't have addictions to anything including drinking, I mostly save a lot (around 50% of my income after tax like $15-$25k a year). Currently I drive ...
- 361
10
votes
7
answers
984
views
In a very tough credit/financial situation
So here is my situation. I have a car that is very dangerous to drive at this point. Like I am seriously worried that either I or the car won't make it through the upcoming winter months. Now, I would ...
- 201
23
votes
8
answers
17k
views
How do I know when I am financially stable/ready to move out on my own?
Some background information:
I'm 23 and living at home. I have a good full time job as a web programmer that I've been at for over one year. It includes benefits and 401K (which after one year I ...
- 1,357
8
votes
2
answers
3k
views
What are your thoughts on Dave Ramsey's "Drive Free, Retire Rich" idea?
Aside from the horribly optimistic interest rate projections in the "Drive Free, Retire Rich" video, is this a plausible way to deal with auto expenses over one's lifetime?
The basic plan is:
get ...
8
votes
4
answers
812
views
How can I save money on car insurance?
What are some of the easy or not-so-easy ways to save money on car insurance?
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