<prompt> Human: TLDR: 45k in student debt making 40k a year. 10k in savings. I am traveling between 1000-2500 miles a month, with 1500 being the average. Budgeted 335 a month for a car. I want a car that costs 290 a month, leaving me with about 1150 of pure savings left in my budget a month. Student loan payments are 460 a month, and part of me wants to get a car in the 10-12k range and used the saved money to help pay off my student loans quicker. I am just worried the used car wont be as reliablewill cost more in the long run than a brand new car with a warranty. I just want a reliable car that will get me from A to B and not cost me an arm and a leg in maintenance or partsFull situationI just graduated college with around 45k in debt and also got a job 3 weeks ago that pays 40k a year. It is a work from home job, so thankfully my parents are allowing me to live at home with them to save money for the next year or two. The one catch about the work from home job is that when I also travel a ton for the job, potentially up to 2500 miles a month, with 1500 being the average due to having to travel to various sports arenas every weekend and occasionally during the week once the college basketball season starts. Thankfully my company pays for my gas and gives me 200 a month built into my salary for a car. So my current dilemma is that I can not decide if I should go new or used. I have had my heart set on a new 2016 Toyota Corolla S Plus for 17583 238 a month after all taxes and fees or the S Premium trim for 20557 290 a month. Those prices include 4000 down and a 1.991 interest rate from my bank. These prices fit into my current budget very well budgeted 335 a month for a car and when combined with my other expenses still leave me with a little over 1150 a month. I am just a bit worried that while it fits my budget now, in a year or two when I get my own apartment or home that the higher payment might leave me with only a few hundred left after paying rent and utilities, hindering my ability to keep saving up money. I am also worried a new car would shoot up my auto insurance.I will be paying off my student loans at 460 a month or so over the next 10 years and part of me is saying to just buy a cheaper car that will cost me 140-160 a month in the 10k-13k price range and use the 130 extra towards paying off my student loans early or saving up for an apartmenthome. Or I could just pay it off over 24 or 36 months vs 60 months for a new, more expensive car while paying roughly the same amount per month. My only concern about that is that the less expensive car will have a shorter warranty and come with more wear and tear 30k-45k miles and will not be as reliable as a new car with a full original warranty. Especially with all the long distance driving I will be doing in the car on weekends for my job. For the cheaper car options, I am looking at Hertz Car Sales and CPO cars.So rpersonalfinance , do I go with my heart and get a new car with a full warranty and peace of mind? Or do I go with a cheaper, used car with a shorter warranty that allows me to save more moneypay off my student loans quicker?  <response>: personally i will never buy a new car. the depreciation is ridiculous. i just bought a 2013 ford fusion fully loaded. new it was 38k with taxes and i got it for 18k. 