Submitted by [deleted] t3_11engka in personalfinance
cashewkowl t1_jaf2jpa wrote
No way. That’s 37% of your income. What happens if you want to move out in the next few years - you won’t be able to afford it.
Check with your insurance agent about what cars are more reasonable to insure. I think the general recommendation is no more than 1/3 of your income on housing. And the car with insurance is more than that.
abedawg6 t1_jaf49v0 wrote
I mean regardless of what car I get insurance is bound to be high because of the state I’m in. If I get a used car surprisingly insurance is more higher than if i lease a new vehicle
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