Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

New or Used Car Advice for Recent College Grad
17.5 thousand miles/year is pretty high mileage.  You could find an Accord or Civic of comparable age with much lower mileage than that, and it wouldn't be a stretch for someone (even with your limited credit history) to get a loan on an old car like that.  You might try to have your parents cosign on a loan depending on their financial circumstances.  That's how I bought my first car 13 years ago. The biggest surprise you might want to consider is the cost of full collision auto coverage which will be required by whatever bank you finance through.  Get quotes for that before signing any papers.  (I spent $2000 more on a motorcycle because the more powerful one cost $2000 less/year to insure just a few years after I bought that first car.)  Speaking of which, another thing to consider given the nice LA weather is a motorcycle.  The total cost of ownership is much lower than a car.  You will probably not want to pursue that option if you do not have medical insurance, and you may not want to anyway.