anon69420 Posted August 28, 2022 Report Share Posted August 28, 2022 4th year med student here. So like everyone else I've been getting destroyed by gas prices driving to various hospitals, clinics etc. I've been planning to buy an electric vehicle once I'm an attending, but recently someone put the idea in my head of buying one with my prime minus one quarter LOC as a medical student. The idea is that the savings in gas would make up for the interest payments on the LOC. If I'm going to buy one eventually then what do I have to lose? Someone please talk me out of this as I am considering it more strongly with each passing day. Thanks!! Quote Link to comment Share on other sites More sharing options...
LostLamb Posted August 28, 2022 Report Share Posted August 28, 2022 You’re gonna pay a lot (msrp+ mostly likely) and have to be around charging stations or have one at home. I have t seen any at hospitals here (but haven’t looked specifically) and not seen many yet around town. You’ll also be waiting a while to get a car because of supply chain. in all honesty, it’s gonna cost no matter what you do. Prime is fluctuating now, don’t take on more acute debt than you have to. Life also changes come residency and who knows if an EV will be practical wherever you end up. Best, LL anon69420 1 Quote Link to comment Share on other sites More sharing options...
Artier Posted August 28, 2022 Report Share Posted August 28, 2022 I would hold off until staff tbh. anon69420 1 Quote Link to comment Share on other sites More sharing options...
robclem21 Posted August 28, 2022 Report Share Posted August 28, 2022 Maybe use that extra money and rent a place closer to the hospital and then walk/bike to work if you are spending that much on gas that you are considering buying a 50K+ car to SAVE money. canada747, anon69420 and LostLamb 3 Quote Link to comment Share on other sites More sharing options...
Redpill Posted August 29, 2022 Report Share Posted August 29, 2022 If you are able to get some money from the government to do it, its not the worst idea in the world. BC recently income-tested their rebates, so you likely wouldn't qualify for theirs once you become staff, as an example. I would wait till you match though. If you match somewhere without good infrastructure, you will be in trouble. Might be worth putting down a deposit for a car that isn't expected for a year, and aim to take delivery after you match. Some deposits are non-refundable, and for those that aren't you could likely sell the spot in line later if needed. Quote Link to comment Share on other sites More sharing options...
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