Don’t I see a Nissan in your profile picture?
3 Likes
dont forget the skateboard
1 Like
gotta hide the $$$ from @Littletuna mom, child support crazy
4 Likes
I think this is all probably moot because once you deduct rent and other necessities from an annual $35,000 in a high COL area, I challenge anyone to come up with any remaining disposable income to pay a monthly payment on a brand new car PLUS the insurance premiums for a brand new insured party in a very high premiums region.
Sorry but TBH this analogy doesn’t hold water. Having watched friends do PhDs and residency, it’s just two entirely different universes.
MD: defined 3 year residency vs PhD much longer (average 5-6).
Current income: the extra $15-20k a year that residents make is the difference in having disposable income for a newer car vs having a beater.
Future Income: doesn’t shoot up anywhere near as much for PhDs from what I’ve seen. You just go from poor to being middle class or just above. It doesn’t make any sense to go into deeper debt than necessary when doing a PhD.
Expectations: a typical PhD student without family wealth is basically living just above poverty. They are all driving beaters. They will all continue to be driving beaters for the foreseeable future. Car trouble is just part of life. (And a reliable car means it’s not a frequent part of daily life).
Residency has different expectations. It’s a much shorter period of relatively frugal living with almost certainty of a huge pay increase. For some, piling on more debt is just shrugs while for others they’ll continue to drive beaters thru residency.
1 Like
No lease or finance new cars, especially those unreliable brands, just get old Honda or Toyota or Lexus if you are lucky. I learned my lesson hard way when i was in college. She should think about insurance and maintenance cost before buying any vehicles.
3 Likes
What’s this I hear about free money?
3 Likes
Not sure if I already mentioned this, but: Crown Vic.
1 Like
I’ve recommended the CV/MGM before in the $10k thread but I don’t think it’s the right car for this person.
A huge RWD car with long braking distances is not the right fit for someone who is a new driver in the northeast.
Stay in the spectrum of Yaris to Camry sized FWD cars.
3 Likes
Searching for report button
2 Likes
This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.