True North wrote:
Buying a new car isn't so bad if it's something like a Toyota Corolla.
Payments would wouldn't be too much and you'd have the piece of mind that
they are in a reliable vehicle.

It can be a bad decision, no matter what the price and financing. He was
just offered a job. He did not have a job yet. And did he need a new car?
Forget about payments! I remember a few years ago, where someone here
said they only looked at the monthly payment amount on a boat. Not the
fact that it was a low end Bayliner and the financing was for 5 years. You
have to finance a $19,000 boat for 5 years, you can not afford to run the
boat. Is why my wife and I are very comfortable. We did not waste money.
I bought my boat in 1995, 4 years old, for $20k cash. I have put a new
engine in and 2 reprints on the boat over the years. But a new replacement
for my boat is about $80k. Save at least 10% of your money! and when you
have extra! save that also. When it comes retirement time, you can afford
more than rice and beans.