How much of your salary should go to a car payment?
05-17-2006, 02:08 PM
#5
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Originally Posted by subie OCD
no way, car loans are the in thing :/
i'll probably be taking one out at the end of this year though to buy an M car of some sort
05-17-2006, 02:15 PM
#7
I'd say 10%-15%.
I'm at about 15% right now, and if I had to pay any more, I don't think I'd do it agian. I like my car but not so much to make me sacrafice more then what I currently do.
I'm at about 15% right now, and if I had to pay any more, I don't think I'd do it agian. I like my car but not so much to make me sacrafice more then what I currently do.
05-17-2006, 02:27 PM
#9
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yeah mine is on the range of 10-15% after taxes, but this is when i financed the entire car, but now less because i sold another car for a lotta cash. but yeah it also depends on what your monthly payments are, which can depend on term, apr, total borrowed.
i would worry about where you living first before dumping it ALL into a nice new car.
i would worry about where you living first before dumping it ALL into a nice new car.
05-17-2006, 02:30 PM
#10
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if ur lookin at the sti, sometimes the inrease in insurance premium can be a larger issue than the increase in monthly payments. something to consider i guess since wagons are less $$ on insurance.
05-17-2006, 02:31 PM
#11
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Im lucky, I bought the car in '04 and got a 4% loan. Cant get close to that nowdays.
And yeah, more insurance too, although my premiums went down alot in the past year
Damn stupid STi's :grrrr:
And yeah, more insurance too, although my premiums went down alot in the past year
Damn stupid STi's :grrrr:
05-17-2006, 02:37 PM
#12
none. so what if you get a low rate? after today's market tanking and CD's and money market rates being so abysimal, what's the point of having a car loan? ...unless of course you don't have all the dough for it 
05-17-2006, 02:43 PM
#13
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Originally Posted by stevenkhau
none. so what if you get a low rate? after today's market tanking and CD's and money market rates being so abysimal, what's the point of having a car loan? ...unless of course you don't have all the dough for it
Although they will proabably flatten out in a bit...
