Quote:
Originally Posted by BRZZZZZZZZZZ
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.
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If all goes well, and I save a good chunk before I turn 18, i might be able to bring that down to 30-40%, really depends on how much I put down on it. Im planning to save atleast 5k which would make the car 10k.Then during gap year, just pay it off. I believe I got it under control as long as I stay focused