I’m in an interesting position that I don’t know how to handle. I recently received an inheritance of around $90,000 and am currently not working while completing a masters degree in computer science. I’m using some of this to cover tuition, but have plenty to spare; tuition runs about $3,500 per semester. I was in an accident for which I was not at fault today, and my car, which is older, is likely totaled. I need a new car to commute to school, but don’t know what the best option is. I need to build credit, I’m at about 650 right now. A cheaper new car, like a 2018 Honda HR-V looks appealing, because I don’t want to deal with maintenance and my car being in the shop as I complete school and start a new job, presumably making good money. Should I pay cash for the new car? Finance it and build credit? Lease while I wait to see what my job prospects are? Buying new seems like the best idea to me but I’m not confident in that judgement.
Submitted January 15, 2019 at 05:35PM by CATS_PM_ME http://bit.ly/2Fx9EaC
