Anonymous wrote:A new car can cost less over 3 years due to no money down & special interest rate incentives. Much safer. Just use the $10,000 to make the monthly payments, then sell or get a job to continue payments.

Of course, if OP has terrible credit, then this may not be an option.

You seem not being able to grasp the idea that you can buy or finance a used car for 10k and resell it after 3 years for 7-8k. Depreciation on used cars is slower than on used. So effectively you spend 2-3k. If you choose wisely your repairs would be minimal over that period, probably even less than the extra insurance and car taxes you need to pay on the more expensive new car. Get it?