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Not if this is the best place to ask, but I'm trying to figure out what's the best option with my little money. Background: Student teach starting in August, so I need a reliable car. Ideally I need a car sooner than later so between now and then I can work this second job that takes place in various locations around the DFW metroplex. I graduate in December so ideally I'll have a real job in January and can soon after get a real car if needed. Current car situation: I had been driving a 2003 Kia Rio that I bought used for $3200. It came with 76k miles and a clean history. A month ago it died while driving. The timing belt broke and tore my engine to poo poo. Repairing isn't an option, need a new engine. What I have to work with: I have about $3300 in savings that I was hoping to just save as long as possible but hey I guess this is why you save. Options: A) If the mechanic gets me an engine and puts it in he's quoting $4800. Not a valid options. B) Find an engine on my own, will cost about $1k to have put in unless I had a friend or did it myself or something. Probably $2k-3k total. C) Take the money I have saved up and get a beater that will hopefully last me a year. Would need to be able to take daily trips from August-December, as well as frequent driving this summer. I'm thinking C is the best option, but what are the odds that I'll just end up with a similar situation? I bought my Kia from a private dealer on Craigslist. Can I find a semi-reliable car for $2500 or less?
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Mar 16, 2010 19:00
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| # ¿ May 20, 2024 04:27 |
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Yes I've definitely learned my lesson.
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Mar 16, 2010 19:55
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