<prompt> Human: Im currently attending a community college and an preparing to transfer to a 4 year during Fall 2016. I have 7,500 to my name, and my monthly income ranges from 200 to 400, depending on how many hours I get Im taking 20 units a quarter, so I cant work too much I also have a college fund with 14,000 in it, which is one year of tuition at Berkley, my second pick under Stanford. My parents are willing to put up 7,500 for the car, plus whatever I want to contribute. Im very grateful for this, but Id rather buy something in the 8000 range and save my money to help with rent and expenses during college. Im going for a PsyD for clinical psyc, as well as CBT, so Ill be in school for a good while longer. Im afraid I wont be able to get the 4.0 I constantly obsess over if I have to work more than 20 hours a week, and the grad program I want to get into is really hard to get into.My parents want me to take out a 3,000 loan and pay 250 a month over the course of a bit over a year. Their argument is that itll help build credit, save money in the long run as itll be significantly newer and that itll make me happier. I know there are safer ways to build credit, so I dont really see that as an argument, and Im willing to work with something of lower quality. If it saves money in the long run, I could see it being worth it. Currently I have an run down 98 mustang, but it gets me where I need to go. I cant keep it much longer as my dad wants to sell it to a good friend of his that needs some help. Should I take out the loan? Should I spend all my cash and forgo the loan? Im really stressed about this and writing it before I go to sleep in the hopes that itll let me cool down enough to actually fall asleep, so I wont be able to answer any questions until tomorrow morning. Thanks for the help everyone.Edit: A lot of people are suggesting I not get a car. Unfortunately, while I agree a car might not be necessary in Berkeley, I will still need one for the rest of the year until I move there. I currently live in the south bay and need one to commute daily. The only really question I have is how much to spend and in what way.  <response>: Dont bother bringing any car if youre going to move to Berkeley. Way more of a hassle than it will be worth if you live near campus. 