I will be buying a car within the next two months or so. I first was going to just pay cash with money I had in stocks. However, since I am going to school and the stocks are what is putting me through it, I am thinking that taking a big chunck out of it all at once is not the best idea. My dad was thinking that buying something with a super low or 0.0% APR and just making payments on a car would be a better idea that was the stock will have more shares to mature with and collecting dividents would be worth more.
Does anyone know generally how payments work with used cars verus new cars as far as the APR goes and things like that.
Suplimentary info: Two years left of school. A little just under 4k a quarter for 3 quarters a year and have about 50k in P&G stock.
---I need as much advice as possible.
--Also looking mostly at compact cars. What would you want to get, both new or used.
-And does anyone know anything about how hard it is to get a Protege MP3 this late in the game.
