PeanutsNJam wrote:If I can secure a sizable scholarship and graduate debt-free, should I buy a car? If so, how much should I budget for said car? I'm really wavering here.
Obviously it's going to be used, but I'd like to keep the mileage and maintenance costs low. Don't want to buy a 5k car, then spend 3k on repairs within a year.
I want a stick shift 4-door, preferably RWD but I'm being realistic. Good gas mileage, pretty looks. Decent interior...
You talking for law school in STL? I'd say a small loan amount towards a car is acceptable but the used car market can be tough on in betweeners like you (and I). Any brands that are a no go? Any of those preferences above most or least important?
In general it would be best to avoid having a car for at least 1L because you'll have no income and straight up loans, whereas during 2L you might get a job or something crazy like that. 1L has the most free rides available because you'll all have a similar or same schedule.
Keep in mind that at least for WUSTL, there is a car share program for students as well.