what is the most expensive car i could buy?
2006-08-04 09:34:12 · 9 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Maximum pmt 180 based on income. About 9k car based on payment but then add 6k down and your at 15k. Less taxes and registration back to 13.5k
So, about 13500 vevicle 2004 newer with 60 mos on acceptable credit.
Lots of cars will fit that! Have fun shopping.
2006-08-04 12:04:15 · answer #1 · answered by RJP 2 · 0⤊ 0⤋
$6000 dollars. You ONLY make $900/month. You have to eat, you have to pay for gas, and you SHOULD pay for your own insurance. HOWEVER and MORE IMPORTANTLY, you are not going to live at home forever. Nor should you want to.
You could get yourself a nice $16,000 car have a small 225/month payment for 5 YEARS, and have $675/month leftover to buy clothes, save for a place of your own, party w/ your friends, AND buy a few new gizmos to entertain yourself on a regular. BUT why? Why not just buy a car outright with the $6k, and not be obligated to any financial institution?
The most important thing you need to realize is this:
- $900/month ain't shi t for income
- you don't need to live with the rents forever
- chicks dig a guy that can splurge on them and take them to nice places.
Could you afford a car with a $400/mo payment? for sure on that income. But why?
OR, if you simply must have a car payment, go with a 12-14k used car, and finance it for 3 years.
2006-08-04 18:53:57 · answer #2 · answered by Manny 6 · 0⤊ 0⤋
It depends on your financing options which is determined by your credit and dollar amount of the loan you qualify to receive based on your annual income.
You should take a look at your credit report and find out if it is poor, fair, good or excellent that will decide the interest rate.
Write out your monthly budget to determine your other monthly obligations. That will help you to figure out how much you can pay for a car note every month.
From the way your question sounds you should consider a low-maintenance, economy car like a cavalier, Hyundai or a corolla.
Good Luck
2006-08-04 16:47:42 · answer #3 · answered by anosey1 4 · 0⤊ 0⤋
You make $900/month....do you have any other expenses or does your parents pay for everything? If they do, why don't they just buy you a car???
2006-08-04 16:58:15 · answer #4 · answered by bobsled 5 · 0⤊ 0⤋
What is your credit score? Are you paying rent or room and board? What other debt do you have? What other expenses do you have? What expenses are you going to have over the next 3 to 5 years?
2006-08-04 16:41:38 · answer #5 · answered by thylawyer 7 · 0⤊ 0⤋
That depends on many things,
your your debt to income ratio, your credit rating and how much of a monthy payment do you want?
This calculator should be able to help you make the decision
http://www.caranddriver.com/article.asp?section_id=2&article_id=8736&page_number=1
2006-08-04 17:00:01 · answer #6 · answered by msdagney 4 · 0⤊ 0⤋
$30K, but the payments are going to kill you. I would suggest something under $25K myself. There is a lot of decent stuff in the $20K range.
-Dio
2006-08-04 16:40:15 · answer #7 · answered by diogenese19348 6 · 0⤊ 0⤋
your making 900 dollars a mounth? wow! ok i thought that was a lot of money but not realy
2006-08-04 16:52:52 · answer #8 · answered by casper 6 · 0⤊ 0⤋
depends on your credit rating
2006-08-04 16:37:27 · answer #9 · answered by jercha 4 · 0⤊ 0⤋