You could win the lottery. You could be married with children(s). A meteor could fall on your head...
The only difference will be whether or not you're driving a dependable vehicle.
*snort*
This is all true.
I guess I just wonder how high is too high for a typical car payment. I honestly don’t know what most folks pay. The quote they gave me comes to about 13% of my post-taxes monthly income, which I *think* fits into the realm of the reasonable. It *should* squeeze into the budget without a problem, though it’ll be a shock to the system, no matter what.
Unless that budget changes.
*fret*
And since it’s a smaller car (I guess that’s the reason), it won’t cost much more to insure than I’m currently paying - I checked.
*fret*
I figure I’d pay any bonus checks towards the car...so I’d hopefully pay it off a bit early.
I'll second that. Reliable transportation opens up lots of opportunities for employment and recreation. A new car like that should give you several years of low-maintenance use (but *do* get the regular maintenance). Nickel and diming an older car - $200 here, $400 there- can be a real budget killer unless you can do the automotive work yourself. So that's two (three?) less things to lose sleep about. And it's not like you're buying a Beamer or a Hummer or something ridiculous.
Are you planning on moving somewhere where you don't have a job? Look at you! You have all this wonderful experience that you can take anywhere you go. And anywhere you go, you'll be making as much money (if not more) than you are now.
And that tax rebate you'll be getting in May is a great start on a payment savings fund. When you get ready to start that savings fund, look into this credit union.
I'm getting a red one ... I'm glad you are too!