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Old 01-08-2014, 08:46 AM   #7
Clodfobble
UNDER CONDITIONAL MITIGATION
 
Join Date: Mar 2004
Location: Austin, TX
Posts: 20,012
Most used cars you buy from a dealer, even the real clunkers, come with a year or two warranty. Is the inconvenience of a "parts" car only the cost of the parts, or the visits to the shop to have the problems fixed?

In the vast world of auto options, I think you can find a happy medium. Maybe a $5,000-$7,000 oldie but goodie, subsidized by the insurance payment, and you wouldn't have a monthly payment for so long that you'd be burdened if your employment situation changes again in a year or two. Another thing to consider is your housing situation--if you're looking to move into something more permanent in the near(ish) future, you're going to want your credit to be good, and not already have a lot of revolving payments over your head.
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