<prompt> Human: Im a 21 year old college student graduating in a couple weeks with a job lined up. Ive been driving my first car for about four years now but it finally gave out this week old car from 1999. I have about 10k in savings and was wondering if it was better for me to spend 7-8k and buy a used car, essentially deleting most of my savings, or is it smarter to keep my savings intact and finance a new car and make monthly payments on it. My current savings account offers 1 interest  <response>: buy a used car and then pay yourself the car payment.Also, new cars depreciate a lot. The less debt you can have the better. 