Reply to Do UMC parents buy their adult kid a car after college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A car is 20k used. It doesn't shock me people would buy their kids cars, at all. It's a small expense for someone UMC. People pay 80k/year for college, buy whole homes, pay for a down payment...Having a dependable car is important based on where you live. [/quote]

Avg new car sale is $47k (!!!) at the moment. And used comes with risks like maintenance, lack of free loaner car if in for service. Even things like worrying about tires and brakes on a used car is a chore and a safety risk.[/quote]

Very decent/safe cars can be had for $27K. Your figure probably includes SUVs and hybrids, which are  not needed for a first car. [/quote]

Used cars are risky, full of unknowns, and not exactly the steal they used to be. If you’re a responsible college grad with good credit and a nice job, get a practical new car. 2-3 years of 100% worry free transportation is worth a premium.

The bigger stresser and ding to my self esteem when I was a young college grad was my piece of junk car. Buy your kid decent wheels if you can afford to help. [/quote]

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