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I am a college student and have 7,000 in bank. I am trying to buy a cadillac CTS 2008. Would it be too much
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Holland     Reply with quote
The car cost 45,000 new and l make about 7,000 each summer may-august and make about 200 every two weeks from work while in college. l was wondering would it be too much finanacialy for me and what is the best way to go about it
Thanks for all theand l already have a car, Honda civic 2000. l am going to wait makes more sense when you put it like that
Dragon     Reply with quote
No way, dude. Keep the 7 grand to help pay off ur student loans, or for a down payment for when u will get a house. Once u graduate & get that 40K job, u will soon realize how much money is wasted on rent & car payments which bring u NO equity...no value. A car depreciates over time & gives u nothing but pride..and pride has no cash value. You will want a house ASAP so that ur hard-earned cash goes into an investment.

You only need a car to get from Point A to Point B, so why does it matter that u have a Cadillac CTS? Tell me-- is it really worth spending all ur free time working so that u can afford a certain lifestyle, at an age where it is not necessary? You're in college. You should be investing ur money into things that r going to make u money-- like books, business suits, tickets to professional networking events, etc. A Cadillac is not going to make u money, it is only going to make u lose more (especially with gas prices). Think about that.

PS..that is a such chick car, dude!!
Cat     Reply with quote
Why do you need a CTS? Your in college.

You NEED a car, you WANT a CTS.

7,000 down with good credit willl still get you a 400-500 monthly car payment. Plus insurance, full coverage, for a college student. Price of gas to drive your new fancy car so you buddies can puke in it after parties.

Sorry to be your slap of reality, but you seem to need it!
Blake     Reply with quote
l agree with the other .You do not need a $500 car payment right now and if l were you l would take that $7000 and buy a good used car like a camaro or something if a sports car is what you want.Even though you will be out $7000 you wo not have that hefty car payment to worry about while your in school..
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