Losing my ms3, What should I get?

[elderlycoffee]

I'm moving out and my parents are selling the MS3 because it's in their name, What type of car should I go for? I have no credit, Not bad credit just no credit.

Should I spend a few grand and get a beater or a little more and get something nicer, Any suggestions?

I really want the new civic hybrid but with no credit I don't see me getting a brand new car.

 

[MSP2024]

get an msp haha

 

[BlueWagon]

would your parents sell you the MS3 for a good price? then keep it!

 

[elderlycoffee]

My parents owe roughly 15k on it, Should I try and buy it from them?

 

[Renzokuken]

Just tell your parents you will buy it from them, or take-over payments from them.

 

[elderlycoffee]

I can't make the payments they are making.
But if I get a loan for the price of what they owe on it, Re-finance essentially then wouldn't the payments be allot less?

starting out at 15k rather than 23k

 

[Renzokuken]

I can't make the payments they are making.
But if I get a loan for the price of what they owe on it, Re-finance essentially then wouldn't the payments be allot less?

starting out at 15k rather than 23k

They are your parents... They cant co-sign for you? Instead of the hassle of finding a buyer, they have one willing and able, plus you need a car so it would be a win win situation.

 

[MSP2024]

i had a 15k i refinaced and im paying 253 a month with 6% interest, dont know if that helps you any

 

[elderlycoffee]

My parents and I aren't really on the best of terms. I don't want to get into it but they aren't happy with the way I'm living my life so they don't want to do much to help me out. They won't co-sign.

 

[mountjonas]

i'd get a beater for now. no sense living beyond your means. it'll make your next car that much nicer.

 

[elderlycoffee]

I think that is what I'm going to do. But I don't know which beater will last the longest. Any suggestions and what should my minimum cash/max miles be when i'm looking

 

[MSP2024]

how much you got to work with?

 

[LASERBLUE135]

Be smart, get a decent fun car for $10,000 or less. Something that you will enjoy and not have the payments kill you. Check your local sportcompact websight, craigslist, etc. There are so many people out there who can't afford what they have...be the person who takes advantage of someone elses greed/stupidity and buy the car that they can't afford. Take some time and you should be able to find a near $10,000 car for $5000. You find an msp from time to time for that price, a PRO5 is a great car, 240sx, crx, first gen se-r, mustang/camero, eclipse: many of these cars can be had for much less than $5,000, wrx's can be found easily for $8,000. So many good cheap cars to be had in this economy.

 

[MSP2024]

LOL maybe thats why he is moving out of his parents. He has some issues on his way of thinking. I really dont get it, no credit.... still moving out of the parents house...

he said he was having trouble at home so maybe his is moving in with a friend you dont need credit for that, i dont get why people flame on other people when the just asked a simple question

 

[BillTheCat]

Honestly, just get a solid used car. Lots of Japanese cars last for a lot of miles. Pick up something 4-6 years old with 50-70k miles if you can find it. There should be options under $5k that get 30mpg highway. Pay it off ASAP, keep some money in the bank for repairs, and save whatever you can for a new car you'll really enjoy a few years down the road.

When I was in college in 1989, I drove a used 1983 Celica GT. At the time, it was a decent looking car. Barely peppy enough, but the interior was well organized & comfortable, and it didn't look like a shoebox on wheels. And I bought it for $2k, paid it off in a year. Helped me get into a newer, nicer car a few years later.

Patience pays off and you live comfortably in the meantime. Also gives you time to learn a lot more about a LOT of cars so you know what you REALLY want before you go shopping new.

 

[shadow1077]

he said he was having trouble at home so maybe his is moving in with a friend you dont need credit for that, i dont get why people flame on other people when the just asked a simple question

Oops... I apologized for that then. Well I dont wanna know the reason for the situation. But I would just suggest that you might want to get a used japanese cars as other stated. No need to be new ones since it would be most likely hard to get a new car with your current situation of zero credit. Get some part time jobs and after you file your tax for a year, you would surely get some credit to start building up.

 

[Sacrilicious]

Honestly, just get a solid used car. Lots of Japanese cars last for a lot of miles. Pick up something 4-6 years old with 50-70k miles if you can find it. There should be options under $5k that get 30mpg highway. Pay it off ASAP, keep some money in the bank for repairs, and save whatever you can for a new car you'll really enjoy a few years down the road.

When I was in college in 1989, I drove a used 1983 Celica GT. At the time, it was a decent looking car. Barely peppy enough, but the interior was well organized & comfortable, and it didn't look like a shoebox on wheels. And I bought it for $2k, paid it off in a year. Helped me get into a newer, nicer car a few years later.

Patience pays off and you live comfortably in the meantime. Also gives you time to learn a lot more about a LOT of cars so you know what you REALLY want before you go shopping new.

+1

research what kind of 5-6 years old used toyotas and hondas are selling for a good price. you sound like you should be careful right now of how much you're spending, so i would recommend keeping things cheap so that you can have some proper fun later on when you are able to afford it more readily.

 

[lowpro35]

keep the MS3.....you will hate you....

 

[Kain]

I thought you were elderly. (dunno)

 

[Unkillable2]

get a 2g eclipse! those are semi fun but still nothing compare to the speed! oh and don't spend all your money on mod! lol