Jeremy Donohue: no i wouldn't
Ronnie Sardi: No, you don't earn enough income to afford a brand new car. You don't say how many hours you actually work so your hourly rate is really meaningless. Let's assume you're working full time, 40 hours a week. That means you're making $600 a week, $2400 a month, $28,800 a year. A good financial adviser would tell you that you should not be spending more than 50% of your yearly income on a car. So that means you can afford a $14,000-$15,000 car. Not nearly enough to buy a brand new sports car and the high insurance premiums to go along with it. Don't we all WANT a nice car. Nobody wants an old broken down beater but sometime that is all we can afford. For someone under 30 to say "life is short" really tells me that you don't have a clue. Your adult life is just beginning. You don't even have a real job yet. You've got 50 more years to get the "car of your dreams"....Show more
Bruce Calise: As mentioned above, you do ! not state what your other financial obligations are ( how much you spend on rent, if applicable, for example ) aside from some student loans but you don't mention how much you still owe. You also don't mention if you work full or part time which could make a big difference in how much you net each month. With the limited amount of information you've provided, I would say no. This is mainly based on your plan to return to school. Going to post-secondary is already expensive enough. You don't want to be saddled with car payments ( as well as the additional costs of insurance and maintenance on top of that ) while in school. If you need a car, a used car that you can buy outright is the best way to go....Show more
Whitley Leopold: 1
Derrick Cacioppo: I would want to get out of my parent's house so any expensive car would be out of the question.
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