Can I Use a Student Loan to Buy a Land Rover Discovery?
What a person owns does reflect on him, but speaking as a woman, a car is not that far up on the list. I would say clothing is the most important, followed by food and drink prefrences, because these are often what people see first. A car may be up there for some people, but only if it’s really spectacular, like a sportscar. I do, however, second the convertible New Beetle because a.) it’s cute b.) If any car can get you laid, it’s got to be a convertible c.) it’s actually an awesomely reliable and safe car — a friend of mine got in an accident where a pickup slammed into the side of his Beetle, the pickup truck was pretty much totalled, the Beetle barely dented. It’s an awesome, awesome car. And as a just-graduating-from-college-girl, a Land Rover is a middle-aged person’s car and therefore the exact opposite of sexy.
No,no,no. Don’t do this. No good can come of it and aside from breaking a slew of federal regulations (trust me, this is the voice of expierience and I’m still paying for it fifteen years later) it makes little financial sense. Because the payments on the student loan are deferred it’s not going to help your credit in the short term, you’ll just be carrying more debt without paying on it. Take out a conventional loan and work your ass off to pay it back quickly or better yet, take the 11k in liquid funds you have available and buy yourself a more practical vehicle until you can afford the one you want.
Update in case anyone cared. I really liked Land Rovers but ended up getting a Mercedes C280 with the Lorensi (sp?) sport package. It gets really good gas mileage (as long as you don’t kick it into 4th gear or pretend you’re cool) so I feel as if I’m helping the environment. I pulled a few strings at the bank and got a loan on my own pretty easy (my credit rating just went up before I bought it apparently, well I had no credit rating 6 months ago so all it could do was go up). I still love the Land Rover and the whole SUV thing, I know I’m going to really miss it when winter comes along, and next weekend when I go up to the farm, I’m used to being able to go over tree stumps and the ilk. Thanks for everyone’s advice, as for some reason, this feels like a huge step in my life. You know one of those moments where you go “Well, looks like I’m an adult now”. The sucks.
Dude – you’re in college. There are hot girls who’ll sleep with you because you have beer and a pizza back in your dorm room. Maybe times have changed, but where is this mythical school where a girl who would sleep with you with the car, wouldn’t if you didn’t have the car? Seriously, I doubt the car will make any difference one way or the other. Save the money and buy the girls a nice dinner or flowers or something.
