Posted by: chyantu October 27, 2008
New Car or Old Car? Opinion
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dhaule ,

I m going thro the same situation like u, its almost similar, but i do have prioritized things in life.

First, I will help my parents , I cant be cruising in a BMW when my dad is having hard time couping with

the inflation and economic hardship in Nepal.

Second, I will clear all the credit card debts.

And only after that I will think of getting something for me.

So, I wont buy a new car now, even it is within my rearch now. But there are far imp things in life than this bro. U wont

degrade yourself if you manage 1 year or so in a 4000-5000 dollar car. that way you will have enough time to

gather some fund to repay your parents and credit card debts.

If you go for a new car, for sure it will take a lot out your paycheck, including the premium and the insurance(full coverage)

besides your living costs. So, that way u wont have much left in your debit account.

So, please think about it.

A year with a used car wont do any harm to u, as you are a recent college graduate, so skimping thro the economic hardship is the

best practice.

(i m lucky that i stay at walking distance from my company, so i wont buy a car for another 6 months )

anyway good luck bro !!!!!!!!!

 

 

 
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