Yahoo front page again! Best car for college grad

[Dsmith1992]

Originally Posted by CAMBAM_6

Although I dont agree with the article, why would the average new college grad buy a new vehicle right away..Most college grads still get entry level positions and have to pay back school loans

Unless you Went to a trade school in which the average starting salary for a graduate is like 50-60k a year depending on the field of study.

[Mister]

Originally Posted by Dsmith1992

Unless you Went to a trade school in which the average starting salary for a graduate is like 50-60k a year depending on the field of study.

The key here is average.
http://money.cnn.com/2013/01/10/pf/c...ies/index.html
http://money.cnn.com/2013/05/17/pf/c...ebt/index.html

For those who don't want to click on it, the average college graduate comes out of school making ~$45,000. However the average student loans upon graduation is in excess of $35,000.
For this average college grad, if you are making $45k and owe 35k in student loans, not such a great idea to finance another $20k on a car.
Dummy math, about 25-30% of your income would go straight to debt payment between the two.

[chickdigger802]

They might not have jobs yet, but 2013's college graduates still need wheels to get around — and here are five great models they (or gift-giving parents) should consider buying.

No job, so 'buy' a 25k car? Yahoo advertising stealing now?

[suaveflooder]

Originally Posted by CAMBAM_6

Although I dont agree with the article, why would the average new college grad buy a new vehicle right away..Most college grads still get entry level positions and have to pay back school loans

EXACTLY! Average college school loan debt right now I think is right around $30k. Making another $25k purchase right after college is asking to fail at life.

[strat61caster]

hah the article didn't even get the price right

Yeah debt and responsibility and such...

[mmieszanek]

I was lucky enough to receive an athletic scholarship to go to a D1 school, I graduated in 2010 and bought my FR-S about 5 months ago. Just this year I was able to justify adding a car payment and insurance on top of my other bills....I don't know how I would have been able to do that fresh out of college. Not to mention I have an above average paying job in a nicer area of Raleigh. Nice article if someone wants to buy the bare minimum FR-S but most people driving this car in that age demographic are going to want a few thousand dollars in added accessories.

[Dsmith1992]

Originally Posted by Mister

The key here is average.
http://money.cnn.com/2013/01/10/pf/c...ies/index.html
http://money.cnn.com/2013/05/17/pf/c...ebt/index.html

For those who don't want to click on it, the average college graduate comes out of school making ~$45,000. However the average student loans upon graduation is in excess of $35,000.
For this average college grad, if you are making $45k and owe 35k in student loans, not such a great idea to finance another $20k on a car.
Dummy math, about 25-30% of your income would go straight to debt payment between the two.

This true but I was stating if you went to a trade school, not a community college or university. At the tech college I went to the averages salaries were roughly what I stated above.

[Books]

Recently graduated college, good salary, low loans, and I bought what I enjoy and can comfortably afford (And also comfortably modify)

[CAMBAM_6]

Originally Posted by Dsmith1992

This true but I was stating if you went to a trade school, not a community college or university. At the tech college I went to the averages salaries were roughly what I stated above.

But even with those salaries you still have to pay back loans from tech schools to right?

[Dsmith1992]

Originally Posted by CAMBAM_6

But even with those salaries you still have to pay back loans from tech schools to right?

Ya but they are not huge loans most of the time, like where I was I got in state tuition even tho I was out of state, I had no scholarships or grants or anything and it was like 18000 for two years, with everything. I didn't have any loans for school but most did.

[bugsie]

I actually enjoyed the comments than the article. lol

[Figo]

I finance my FR-S right after I got my first half-month salary. Only $500 down payment cuz I got $500 graduating program discount. So $500+$500 = $1000. I am luck that I only have a little loan when I was at College.

[Dezoris]

I bought a Ferrari out of college, this car is a joke.

[CAMBAM_6]

Originally Posted by Dezoris

I bought a Ferrari out of college, this car is a joke.

My sisters single