So I am graduating in May from the University of Maryland and I will going into either banking or wealth management (not a good time for finance majors :nervous2
. I have the choice of either paying my dad back for the truck I have now (06 Tacoma) which will come out to $250/month no interest for 3 years. THe truck isn't bad, its my baby and I love it to death, just not so economical and going to need a daily. But I am also thinking it might be good to build credit and get something used and just pay it off before maturity of the car note. I would try and find something around $15-17K. I WILL BE SAVING WELL otherwise by living at home for at least a year or two. I feel like this is a horrible time to have a loan on something and the no interest payments to my dad are lucrative. Do I get something I will enjoy more or suck it up for a bit? You guys have any opinions?
My idea cars: Mazda 3 hatch, civic, altima, accord, mini, saab, 3-series, lookin for something fun
:thx
Chas
. I have the choice of either paying my dad back for the truck I have now (06 Tacoma) which will come out to $250/month no interest for 3 years. THe truck isn't bad, its my baby and I love it to death, just not so economical and going to need a daily. But I am also thinking it might be good to build credit and get something used and just pay it off before maturity of the car note. I would try and find something around $15-17K. I WILL BE SAVING WELL otherwise by living at home for at least a year or two. I feel like this is a horrible time to have a loan on something and the no interest payments to my dad are lucrative. Do I get something I will enjoy more or suck it up for a bit? You guys have any opinions?My idea cars: Mazda 3 hatch, civic, altima, accord, mini, saab, 3-series, lookin for something fun
:thx
Chas