WebAnother good rule of thumb is the 20/4/10 rule: Pay at least 20% for your down payment. Never get a loan longer than 4 years in length. 10% or less of your gross income goes towards all vehicle expenses including loan payments, insurance, gas, registration fees, maintenance, and repairs. WebThe car would be paid in cash, looking for a car with under 100,000 km will spend max $10,000. Option 2) buy a new car, put down all the money I have in savings (about $5,000) on a down payment and put the rest on a line of credit and pay the credit card back monthly vs bi weekly payments
r/personalfinance on Reddit: Buying my first car by myself
Web('Only' $30 per month is almost another $2000 on top of your purchase). It's best to find out what they are before you go in, but for the most part, if you're buying a car that's still under manufacturer warranty, it's probably best to turn most down. WebThere's nothing mechanically critical that would come from a car getting rear ended at 5mp/h and needing a rear bumper replaced. If you're set on buying a Nissan, a 2010 altima coupe with a stick would be around the same price range although a fairly rare car. If you're set on buying an automatic. sign of the beefcarver photos
Does anything that you can actually buy do what the WRX does?
WebTips for buying first car? Not sure if is the right sub. 19M from toronto ontario here looking to purchase my first car soon with a budget of about 6k, slightly flexible 1k or 2k if it’s … WebI would advise against buying a car that is at your pre approval max. You want to be able budget for the occasional repair and routine maintenance (oil changes, etc.). Also, if you are young with little credit history, you will have an atrocious interest rate. WebThe value on a few of my vehicles went up $3-5,000. If you have any interest in working on vehicles you can save a lot when inevitable maintenance comes. Plus, the first thing I would suggest you do is change the oil, air filter, and cabin filter (filters the intake air for the AC). sign of the crab cartridge