Hey guys I've never had a big car loan always low, my last one was $3000..
I make around 45k a year, but working on making it higher. I have 2000 credit card debt. (Going to pay it off this next month
I'm putting $7000 cash down, geting a $13,000 auto loan for a car with 26,000 miles. I plan to keep this vehicle for years and years and years.
I feel a bit nervous having such a huge debt, but I'm also banking about $3000 in savings a month, thanks to living at home recently while I search for a home.(could be awhile, fha pre approved, housing market is way over priced right now)
I could pay this car off as fast as possible, 4 months, but I still want to save for my home..So, I'm going to pay 1000 a month for the car payment, pay it off in 1 year, and then save $2000 a month for savings..
What do you guys think?
Submitted June 17, 2021 at 02:08AM by ravius22 https://ift.tt/3q2UwpU
