Quote:
Originally Posted by karl_boss
Ive thought about the numbers, Ive asked questions about my coworkers payments and stuff. I believe I would be paying about 40-60% my monthly income, nothing big as I have little to no expenses. I also thought about taking a gap year after high school to just work and pay it off.
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40-60% is insane regardless of who you are or what you make imo. I’d stick to 20% of your net pay for a monthly payments MAX. Don’t forget your insurance, maintenance (won’t just be oil changes on a 125k car) and the rising cost of fuel.