Submitted by [deleted] t3_11engka in personalfinance
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Submitted by [deleted] t3_11engka in personalfinance
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$29.5k also it’ll be a lease
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?
It would not be a smart financial decision.
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.
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.
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.
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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
I’m going to be blatantly honest. This would be the dumbest thing you could possibly do
> 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.
Optimal-Effective t1_jaf0fi3 wrote
Never mind the monthly payment. What’s the total cost of the car?