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dared3vil0 · 02-03-2013, 12:22 PM

I wouldn't reccomend financing a car until you have financial stability, But if you wanted to, I wouldn't put more than 10% /year on a car. (Until house is mostly payed off etc) so lets say your car came to ~$35,000. If you financed it for 72 months on a decent interest rates, your payments would be ~550/month. If you TAKE HOME 5500/month, The imo it's a decently safe debt load. With that said, If your parents have you a decent car just drive that for for now. That $550/month is $6600 you can put towards a down payment on a house each year, Plus whatever else you can save.

02-03-2013, 12:22 PM	#13
dared3vil0 OMGWTFBBQ is a common word I say everyday Join Date: Jul 2012 Location: BC Posts: 5,239 Thanked 4,905 Times in 1,655 Posts Failed 331 Times in 171 Posts	I wouldn't reccomend financing a car until you have financial stability, But if you wanted to, I wouldn't put more than 10% /year on a car. (Until house is mostly payed off etc) so lets say your car came to ~$35,000. If you financed it for 72 months on a decent interest rates, your payments would be ~550/month. If you TAKE HOME 5500/month, The imo it's a decently safe debt load. With that said, If your parents have you a decent car just drive that for for now. That $550/month is $6600 you can put towards a down payment on a house each year, Plus whatever else you can save.