eBod
Member
Cash: $ 3.20
Posts: 16
Joined: 19 Sep 2022
Location: New Zealand
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As you're not currently working, it'll be hard to get approval for a car loan. So, first things first... start earning money and see if you're happy to part with a good chunk of it each month to repay the loan.
A good 'sporty' car is not cheap and it'll lose value the moment you drive it away. I know a lot of people who were crippled with car loan debt in their early 20s. It doesn't look like a great place to be! Once you're working, do the calculations. When you see how much of your pay is left to take home after making a car repayment, you might reconsider the idea altogether.
It might be a better idea to wait until you've saved enough yourself.
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