Jackie S
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Always remember, instant gratification comes with a price. Don't buy a new car if you don't need one. Find a good place to put your money to make more money. Have you ever noticed that extremely wealthy (old money) people often drive older cars. When you can really afford it, it's not as important. My son is 30 years old and never had a new car. He just bought a Maserati, but only after buying a home first and starting his own business. You'll feel wonderful when all your friend's cars are scrap metal in some junkyard and you're able to buy what you want. Start watching Suze Orman on T.V. or reading her books, she gives great financial advise. |
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milly
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a house is a investment not a car |
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todieisgain_121
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Buying a car is definately not an investment. I bought my car for 9000 and now it's worth about 2000. I would suggest meeting with a financial planner and investing it. |
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chip s
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for the most part, no, buying a car is not an investment. most cars go down in value over time. if you don't really need a car, you would be better off talking to a stock broker and putting your ten thousand dollars in mutual funds, so if you need a car five or ten years down the road, you will have more money, and you will be able to afford a nicer, more reliable car. the money could also be used as the down payment on a house on down the road, as houses, unlike most cars, ARE good investments. |
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∞infiniti∞
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Keep your money if you do not need a car. A car is never an investment, it depreciates as you use it. |
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feel/the/need/to/fly
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save money! |
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cfrichmond
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A car is NOT an investment. It depreciates some huge percentage the minute it leaves the lot--bad return on an investment any way you look at it. But a car because you need a car, there are better ways to invest money. |
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gone from here too
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Use the 10 thousand and buy a house if you can afford the payments or rent it out. later on if you decide you do want a car get a home equity loan with a lower interest and buy a car. |
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thejaundiced_eye
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A Car is not an investment. Put into a high yield short term bond or interest bearing account. Or spend it on hookers. |
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basketchick43078
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save your money, son. Buying a car you don't need is not a good idea. Cars don't fare well if they are not driven frequently.The costs of insurance is high too. |
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logantis2003
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both bro get a cheap ar and save save save |
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choco taco
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buy10 000 items at a dollar store instead and resell the items for 2 dollars, then buy a car thats twice as good |
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zug-a-boo
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if you don't have a car than buy one if you have one and you like it than save , it's always good too save you never know if you are going to need it! |
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monochrome
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save it. |
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Jen G
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If you have other debts.. pay them off with the 10K.
Cars are not investments... they depreciate in value as they age. If you don't need a car, save the $10,000 and invest it in something like a mutual fund. |
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CJKatl
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A car is not an investment. It loses value by the day. And costs money to maintain - insurance, repair, parking costs. An investment gains value.
My friend Crissie once said a car gets better looking when it's paid free and clear. She is right.
If you don't need the car, don't buy the car. |
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Bailey!
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no save it for something alot biggger than a car and if you already have a car that is just a waste of money unless you really want it! |
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q6656303
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cars cost they also lose their value very fast
only car investments are antiques like an e type jaguar etc |
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Isabela
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not a good investment
save it.
cars depreciate rapidly in monetary value. . .usually (usually is a disclaimer) |
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s-r-m
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save the money, dont buy what you dont need. you will be happier to know you have 10,000 dollars in the bank then suing it all up and getting a wrong choice of car or even getting into an accident. hope you make the right choice, good luck! |
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Roxy_Q
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If you don't really need something, I don't think you should buy it. If you get around fine using public transportation I really don't suggest that you get a car. Put your money in the bank and save it for a rainy day. Good luck! |
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for_my_questions
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A car isn't an investment in that the value will go down each year. If you get a new car and keep it in perfect shape and running order, for 25 years and longer then it will pay off the older it gets provided it's in mint condition. :-)
Other than that, I would say if you don't *need* a car right now, then save up your money for the day when you may really need one. :-) |
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JADE
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Cars are not investments. As a matter of fact, the moment you drive it out of the dealership, it starts to depreciate.
Putting $10,000.00 in a Certificate of Deposit or some form of investment would ensure that your money will earn interest and continue to grow. |
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Milkbone
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A car is not an investment, the moment you drive it off the dealers lot you have lost half the money you paid for it. Save the money, a CD or a saving account. Add to it and start now. By the time you're 40 you can have a car, don't spend all your money and wind up living from paycheck to paycheck, or living to pay off your debts. Good luck. |
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Fun Haver
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***************************************
Cars are not an investment because they are guaranteed to lose value (depreciate). And if you don't need one, you're in good shape. A car costs, not only in the cost of the car, but in all the hidden things as well. Like a monthly car payment if you don't buy it outright, insurance, tune ups, oil changes, tire replacement, occasional breakdown, tags and property taxes, car washes, and this big one......gasoline.
Dating may be the time to have a car. Trips out of town. Maybe you could compromise with a $5K certified used vehicle and save the other $5K.
Good luck in your decision.
**************************************... |
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WORLD FAMOUS
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If you have the option to, you should save your money. Cars are not investments, but houses are.
Once you drive a car off the lot, the value goes down while things like houses gain equity.
If you find that you need a car, save $7,000 and purchase a used $3,000 car to compromise. |
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RunSueRun
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Once you buy a car, it depreciates.
Put $10K in CD with 5% interest. Use it to pay off your student loan. |
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Frank Castle
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Cars are not investments. |
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Laissez-Faire Guy
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Unless you are buying a classic car that is in good shape, or that you will put into good shape, cars make lousy investments. Even used cars quickly lose values. New cars are even worse!
Figure out your goal for the money, and when you'll need it.
If it's needed in the short term, like less than 2 years, put it in a CD or a savings account at one of those online banks that pay over 5% interest.
More than 2 years, I'd recommend a balanced mutual fund (one containing about half bonds and half stocks).
More than 5 years, invest in stock mutual funds of all types.
I'm linking to two sites below to help you find the highest paying CDs and bank rates for short term money. |
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OLD SPIT
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In 10 years you will thank your lucky stars you put that 10,000 in a 401K or whatever. If the market falls the whole country falls so you are taking little risk. the car value zooms down immediately and does go up in your lifetime.I hate CJ Cat. |
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