What would you do, get the used car or new one?

What would you do, get the used car or new one?

Okay so ever since years ago I've known that my grandpa has an account for me and his other grand kids for our first car. There is a limit. Now, I went out and picked out the car I wanted. A 2009 Toyota Corolla. Which I can pick any car, new or used as long as it is below the spending limit. (mine is that I picked) But my aunt, (Who is in charge of the money sorta, but will let me get what I want cuz she has no say) Is trying to convince me to get a used car and spend like max 5,000 on it. Her friend's son's friend is selling his car for 1,000. it has 200,000 miles on it and looks like a piece of crud. Needs new tires.. all that stuff. She thinks I should get this car or another used car because mostly all teens get in an accident when they first start driving (I am 18) but so what? Even if I get in an accident in a new of used car, thats what insurance is for! And I got quotes already on my new car how much it would be, It wont be in my name either because it'll be wayy more. So my quesiton is: Would you spend the full amount on the car you want now? Or waste 5grand (or less) on a crap car that will mostly suck away the money from that account (if something happens cuz its so old) She says that in a year or so I can still get the car I want. (I would have enough money) But thats not the point.. I don't see wasting 5grand on a car. And it would be wasting. What do you think? Whats should I do and how can I say no to her idea thanks :)

 

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