How much can I afford, in order to finance a car? I'm asking what's the limit to how much I can spend towards a car. I'm 24 years old, and I have a steady job. My credit should be good, though I do not have a credit card.
2006-09-29 12:52:04 · 14 answers · asked by 1/6,833,020,409 5 in Cars & Transportation ➔ Buying & Selling
I live in Canada.
2006-09-29 12:55:21 · update #1
Go out and sit in a new car dealership for one day. At 24 years old a lot is going to happen in your life, I'm 51. Trust me! The car you should buy is new and warrantied as long as your are paying for it. I recommend the new Nissan Versa. Honda Fit ,Toyota Yarus. all good cars under $18,000 Versa is flexible and enough rear seat room cool key less entry with hands free blue tooth phone and great sound system 36 miles a gallon over 400 per tank who could ask for anything more.
2006-09-29 12:59:29 · answer #1 · answered by John Paul 7 · 2⤊ 1⤋
At $30K per year (which is not a heck of a lot in California), you could still afford a brand new car on $250.00 per month payments, or even higher to pay the loan off faster. Since you're living at home, you don't have a lot of out-of-pocket expense, like rent. The no credit may be a problem with the financing, so you may have to come up with a substantial down payment. If you have nothing saved, start putting away some money.
2006-09-29 12:56:06 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Dude. lol.
Why don't you have your mommy sit you down and teach you how to work out a budget.
Seriously man, learn some money management skills, or you will be living at home forever.
The best I can do for you is to tell you that on your salary you should be thinking "Economy Car" Honda Civic EX should be the max you want to spend on a vehicle.
Unless you really DO plan on living at home forever. Then get whatever you want.
2006-09-29 13:00:50 · answer #3 · answered by Anonymous · 1⤊ 1⤋
you should be able to afford to finance a 30 thousand dollar car real easy,,and the credit thing with the card wont hurt your chances none on getting a car loan,good luck i hope this help,s.
2006-09-29 12:55:41 · answer #4 · answered by dodge man 7 · 1⤊ 0⤋
sit down and see what you can afford. total up your bills and see what you have left. if you have no bills then you should have no trouble buying a car. if your credit is not good your mom can cosign a loan to build your credit. good luck and do a good job at work
2006-09-29 13:10:53 · answer #5 · answered by Billy T 6 · 1⤊ 0⤋
1st, find a friend who already lives in a apratment
2nd get a good quality car like the Toyota Corrolla or Civic
3rd If you dont want the hasseles of a Credit card, then get a Debit Card
2006-09-29 12:54:17 · answer #6 · answered by Anonymous · 0⤊ 2⤋
in basic terms a observe, the greenback sign comes in the previous the quantity in the U. S.. you will possibly be waiting to discover various college's for $30,000 in line with three hundred and sixty 5 days. look at web site below. click on majors, then %. a significant, then click on a state to work out all colleges in that state with that significant. some sturdy colleges for engineering college of Illinois maximum engineering colleges i understand of contain going to be better than that in line with three hundred and sixty 5 days.
2016-12-15 17:05:49 · answer #7 · answered by keef 4 · 0⤊ 0⤋
Im 30, make 27000+/year, have my own home and pay $350 a month for my 2003 Mazda....what are the chances of you getting out and getting a life for a while?
2006-09-29 13:47:32 · answer #8 · answered by somethingoranother 4 · 1⤊ 1⤋
$400 should be the max. Are you paying you parents any rent? If you make that much and stilll live at home, help them out. $500 a month ought to do it.
(No, I'm not you father)
2006-09-29 12:56:00 · answer #9 · answered by Anonymous · 0⤊ 2⤋
You can afford a pretty sweet ride. Probably 10-15K
2006-09-29 13:00:59 · answer #10 · answered by Jim C 5 · 1⤊ 0⤋