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][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]

DP. You lose a few grand the second you drive off the lot with a new car. You can buy certified used cars at this point so there's zero reason to buy new. You can look up vins for accident history. They are leas risky purchases than they used to be when you bought used by scanning classified ads in the newspaper (how I got my first car)[/quote]

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