Okay so for some context I am a 19 year old college kid. At the moment I only have 1400 saved up but a lot of it is to pay for Germany (a trip in the summer), in part due to I pay a lot of my own way since my parents were unable to help a lot and also from 16-17 I didn't save anything.
I took a loan out earlier last year for a car for 1800$ with my credit union that I bank through. I pay 85$ a month to pay it off and I'm down to around 1100-1200 right now left. I got my car cheap but I'm afraid of it failing in the future as the people before me kinda brutalised it and I do not want my car to become a moneypit that will just tank out.
There were a couple of cars I was looking to check out that are around 3000-4500$ that are in great condition that I would feel comfortable with.
Now I go to college, community college and the only other big expense coming up is this summer I'm going to Germany for my brother's wedding.
I work usually 15-25 hours a week, at 9.00 right now. I could work more to make more per paycheck if I needed to. So my question is it stupid to go try and get another car, even if it would last a lot longer while in this situation and just wait til the 1200$ from the first loan is paid off?
Sorry if I broke any rules asking this, I read the sidebar and didn't see anything. I don't typically get financial help because my parents were not the greatest with it and my brother is the only one who gives me any.
Submitted January 03, 2017 at 02:05PM by OhShitItsJagerBear http://ift.tt/2iw47EX
