Long story short, my fiancee's car (who I live with) is near EOL and we were already planning to get her a car before the year's end.
Now my car is having engine problems and the cost to fix would be more than it's worth atm. (It may or may not be covered by an extended warranty, it's been at the dealership for 5 weeks and they've been diagnosing it which is a frustrating story in and of itself.)
We are both 23 and this is our first time financing cars. She got a hand me down from her grandparents and I was able to buy my current car with cash.
Our budget is around $15,000 - $20,000 max per car.
I have a credit score of around 760 and she has a credit score of 707. I make 60,000 a year, but she only makes 25,000.
We won't be married until next year, and I am wondering what is the best way to go about financing?
Do we cosign on both cars? Do I finance mine solo and she do hers? I am worried about her income being a hindrance and leading to a higher interest rate.
Any advice would be appreciated!
Submitted August 16, 2020 at 07:17PM by SSilver21 https://ift.tt/2Y8eIKf
