Is it crazy to spend $4,000 to $5,000 on a first car?

Question

Answer 1

hellacray | 82 opinions shared on Shopping & Gifts topic.

Guru

It depends if the car is in good condition and doesn't have any major issues sure.

But if the car has problems and a high mileage then probably not.

I think you should definitely focus on how the car runs and just make sure there's no major issues. Anything small or cosmetic like a few scratches here an there I think is fine. In the long run it's more important to make sure the car runs properly.

Answer 2

jshm2

Guru

No wonder it's going to be late for an accident.

Spending so little, you cannot expect reliability.

Answer 3

jennifer_bloom | 227 opinions shared on Shopping & Gifts topic.

Master

It’s not, you do not want something too cheap cause a cheap car might have mechanical issues and be dangerous on the road, I wish you well in this new gift!

Answer 4

jesuflesh

Xper 2

A good rule is less than 15% of your yearly income or so for the total price after fees and taxes.

Answer 5

humanearth | 180 opinions shared on Shopping & Gifts topic.

Guru

My first car cost me 15 bucks, i have never bought a car for more then 800 bucks.

Asker

1 mo
but back when you were young you could buy a very decent car for $800 now a days you can't
humanearth

1 mo
I just bought a 1973 Chevy C-10 for 600 bucks a year ago. Runs and Drives and almost rust free.

I dont think a good running car as to be expensive. I find 95% of my used cars by driving the back county roads.

Thousands times cheaper then shopping online or at a dealership
Asker

1 mo
How many miles and i live in New Jersey not to many back roads
Show All Show Less
humanearth

1 mo
I want to say 112,000 miles. The only thing I put into it. Is new set of tires and a oil change.

I drive it every day and everywhere

Answer 6

Asker

but back when you were young you could buy a very decent car for $800 now a days you can't

Answer 7

humanearth

I just bought a 1973 Chevy C-10 for 600 bucks a year ago. Runs and Drives and almost rust free.

I dont think a good running car as to be expensive. I find 95% of my used cars by driving the back county roads.

Thousands times cheaper then shopping online or at a dealership

Answer 8

Asker

How many miles and i live in New Jersey not to many back roads

Answer 9

humanearth

I want to say 112,000 miles. The only thing I put into it. Is new set of tires and a oil change.

I drive it every day and everywhere

Answer 10

worldscolide | 53 opinions shared on Shopping & Gifts topic.

Master

Not at all, it's about what I spent on my first car.

Answer 11

Anonymous

No, but why buy a 4-5k car when u can buy a shitbox and drive it till it blows up. Even if a shitbox $1000 car only lasted a year or 2, it was a wise investment, and gave you time to up your savings.

Asker

1 mo
because if you buy a decent car it can last for 7 to 10 years easy that will give you a lot more time to save up
humanearth

1 mo
Mr. Anonymous I agree with you a 1000%

Answer 12

Asker

because if you buy a decent car it can last for 7 to 10 years easy that will give you a lot more time to save up

Answer 13

humanearth

Mr. Anonymous I agree with you a 1000%

Answer 14

MCheetah

Guru

No. That's very reasonable.

Answer 15

OliviaOfTheScots

Xper 6

Paid just over $4k f9r mine

Asker

1 mo
thanks for the help

Answer 16

Asker

thanks for the help

Answer 17

answerALLquestions

Explorer

No, that's pretty reasonable

Answer 18

CharlyQuinn_

Xper 5

I spent 7,500 on my first car

Answer 19

Redstang88 | 198 opinions shared on Shopping & Gifts topic.

Master

Hard to find anything decent any cheaper than tgat

humanearth

1 mo
Wrong I find cheap good running cars all the time. Best finds are not online, but in peoples yards.
Redstang88

1 mo
@humanearth It’s a gamble buying anything that cheap, especially if you’re not prepared to do all the repairs yourself. You can very quickly find yourself paying more than if you’d just spent more in the first place
Asker

1 mo
@Redstang88 so true might as well spend the money now plus you can always offered less for a used car

Answer 20

humanearth

Wrong I find cheap good running cars all the time. Best finds are not online, but in peoples yards.

Answer 21

Redstang88

@humanearth It’s a gamble buying anything that cheap, especially if you’re not prepared to do all the repairs yourself. You can very quickly find yourself paying more than if you’d just spent more in the first place

Answer 22

Asker

@Redstang88 so true might as well spend the money now plus you can always offered less for a used car

Answer 23

Gwenhwyfar

Guru

Not crazy at all

Answer 24

LemiaOfTheCodes

Xper 7

Nope

Answer 25

jahaims

Yoda

Nope

Answer 26

In_Trance | 81 opinions shared on Shopping & Gifts topic.

Master

Nope

Answer 27

matthheww

Xper 2

Not at all

Answer 28

cat1313

Xper 4

no i theke it ok

Is it crazy to spend $4,000 to $5,000 on a first car?

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