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Optimal-Effective t1_jaf0fi3 wrote

Never mind the monthly payment. What’s the total cost of the car?

6

fuckspeedlimits t1_jaf1951 wrote

What car are you looking at? New or used? If it’s used, how many miles? Maintenance is a bitch. Also, is that 900 including gas?

1

gomd216 t1_jaf1zod wrote

To be blunt, hell no. $900 a month to drive a leased vehicle, you only make $2400/month, and 9k in debt? You need to reevaluate.

22

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.

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Far_Ad_7910 t1_jaf2py9 wrote

Why would you do that to yourself if you’re already in debt. If you absolutely need a car, buy a beater for 8k and focus on paying down your CC debt before interest kicks in.

2

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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OdorousRope5 t1_jaf4a70 wrote

I’m going to be blatantly honest. This would be the dumbest thing you could possibly do

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theoriginalharbinger t1_jaf4unx wrote

> Car payment including insurance would come out to be $900 a month.

No. Like, I don't want you to feel bad, but this is an incredibly bad idea and you should feel slightly bad for even having considered it.

At that income, you're in barebones Yaris territory.

1