I'm constantly reading here that for car buying you should follow the 20/4/10 rule.
I'm a homeowner in a low COL area and clear $2,100 a month.
If I followed the 20/4/10 rule, $200 is all I should spend monthly----- including my insurance + car note. My vehicle insurance costs $90 a month at the moment for the old Camry I drive.
For the last 12 years I've bought older used vehicles (as I was establishing credit)...eventually having to deal with some various issues- some serious, some not.
Would it really be that bad of an idea for me to finance a used Honda or Toyota with low miles (I'm giddy at the thought of even having a vehicle with low miles!) for $15k-$20k?
Submitted October 02, 2017 at 03:23PM by heyheyhey_throwaway1 http://ift.tt/2xTmFpM
