You have many options when it comes to transportation for the On My Own project. There is buy or lease. There is keep the car you currently have (will you really be driving it in 5 years?). There is the option of assuming payments on a car that your parents currently own. Or you may not even need a car if you are satisfied with the bus, a bicycle, motorcycle or your own two feet. However, regardless of which option is for you, you must support your choice with research and something verifiable (like a news ad, note from parents that they would sell to you, or bus fare info). Even if you already have a car, you will be required to research a car purchase.

Purchase price:

Interest rate on loan:

Monthly payment:

Required deposit (money due to take car off the lot):

Gas

Car Insurance

Repair account?

Bus Fare (mo.)

Cost of bicycle

Motorcycle

purchase price:

Monthly payment: