JBM

Okay this is what I see in my future- I will be going to the Naval Academy Prep School up in Newport in July. I will be there till May of 2005. I will be able to have my car there. I will than go to the Naval Academy if everything works out like I plan. But when I get there I wont be able to take my car to the school until I am a first class which is for like 3 years. My car will be paid off in July- 22K in one year not bad. But, my mom offered to buy it from me and than I could save up and put money towards a different car when I get out. I have sold my volvo and put that in savings. I mean if I sold it to my mom since I have paid for it than I would be able to drive it when I come for leave and everything. Its just that I do not want to start putting money into my car and than not be able to drive it or work on it. And I do not want it to sit in storage for 3 years. Anybody have any advice?

mcannall

Sell it, buy another one in 3 years. It will be cheaper in the end.

coolnesh

and you can make interest on the money you get... put it on a cash deposit for 18 months or so. Interest rate is 2.75% right now

CruisinginVirginia

of your car will depreciate. Just better to take $$$ out and invest in stock/bonds or at the minimum, into a CD. plus, by the time you get out, your current A4 will be quite outdated (I think you were talking about 4-5 years down the line, right?).

Bronze

Aren't moms great? I'd take her offer.

Eddie Man

You're on the right track in more ways than one !!! Congrats on NAPS and good luck w/ the Naval Acad