Quote:
Originally Posted by lemonspeakers
How can I afford the FRS? Can I get a great APR below 2%? What about 1%?
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It can be argued it semantics, but as mentioned above by a couple, if you can't write a check for the car right now, you can't afford it. You've already answered your own question in that case.
What you are really asking is can you afford a car loan. That's a question only you can answer. If you were my son, I would tell you no, mainly because if you lost your job tomorrow you can't pay the car off (back to can I afford the car) and you don't have a significant enough savings to get through 6 months of living expenses, including the car payment.
I never buy a car I can't pay off tomorrow, even if I use the bank's money in the interim. That means sometimes I drive junk because of poor planning.
I've posted this before but its worth a watch since since you are asking.
[ame="http://www.youtube.com/watch?v=BKyV8CTHeJ0"]Drive Free Cars - YouTube[/ame]