My Parents Offered Two Choices...

Ok, in a year I will be going off to university, and living in residence (I live out of town).

So, with gas prices being ridiculous my parents are giving me two choices..

1) Buying me a car worth approximatly $10,000, and I would have to pay for licensing, gas, repair, etc.

or

2) Me taking the bus everywhere in the city and my parents just giving me $10,000 in cash to spend however I like.

With option number two, my freedoms are greatly restricted, but it would help me pay for living on campus and generally surviving in the world. A car would be nice, but money is nice too... I think I can take a hit on places I can go, and just live off of where the bus takes me.

I am leaning towards option 2, but I would like to hear some imput from others.

What do you think?