I have been saving money for three years and I finally have a little bit of money (by little bit I mean slightly under $2000 dollars). I am looking for a cheap automobile so that I can get around town and do things like grocery shop and laundry which I can’t do on my bicycle, walking, or public transportation. For the past three years I have used taxis but they have recently almost doubled their in-town price due to gas increases, and it now costs almost $200 to go back and forth to Lexington (where I have a doctor’s appointment once a month) in the taxi, and I currently find myself in the situation where I am taking money out of my car savings to afford the taxi rides, so I figure I should start looking for a car.
I don’t feel like $2000 is enough money to buy a car that will work, though. What do you think? I have never owned a car. I will be using it to learn how to drive. I am planning on taking out loans to afford insurance and maintenance, because that’s really my only option.
I have a former boss who is willing to sell me a 17 year old Sedan for $450, but that seems ridiculously cheap so I suspect her, whether or not I should…
Advice?