Posted by: chyantu October 27, 2008
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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 !!!!!!!!!