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Reply to "Buying a Car for your college graduate"
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[quote=Anonymous]Good for you for wanting to be generous to your son. but you say you can't afford the full cost of a car today. You can only afford about $500/month, since you said you need to finance it for 3 years. Give him $500/month for the next 3 years instead of a car. If he wants to get a car, he can buy one himself using the money you give him. Most manufacturers offer college graduate finance and rebate deals. If he needs it for rent, he can count on that assistance. And, if he does well and doesn't need the money anymore, he can tell you that and save you the money. [/quote]
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