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re: What's a smart down payment for a $25-$30k vehicle?
Posted on 4/1/11 at 3:37 pm to RBWilliams8
Posted on 4/1/11 at 3:37 pm to RBWilliams8
Well, how much can you afford to put down (cash do you have saved), and how much do you make a year?
Just saying, that's is an expensive arse car for a 22 year old to finance. Consider looking at used cars about 3 years old you can get for 15k. Not knowing anything about your financial situation (but seeing you have a kiddo), I'd say keep your monthly income as liquid as possible (keeping your monthly payment liability as small as you can). You can get a really nice used car for 15k that will get you and the kid around just fine.
Just my 2 cents.
Just saying, that's is an expensive arse car for a 22 year old to finance. Consider looking at used cars about 3 years old you can get for 15k. Not knowing anything about your financial situation (but seeing you have a kiddo), I'd say keep your monthly income as liquid as possible (keeping your monthly payment liability as small as you can). You can get a really nice used car for 15k that will get you and the kid around just fine.
Just my 2 cents.
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