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Man, everyone wants to share their opinion on this! I'm not sure if the $2,600 you mentioned is take home pay, or gross pay... I'd say that if your rent already costs you 29% of your income, and the payment on the car for a 5 year note would be approximately an additional 16% (assuming you put no money down), that's getting to be a pretty damned big chunk of your monthly income. If you are just starting out, and have a good reliable car that's paid for, I'd strongly consider laying low with what you have, and trying to get your savings beefed up some. I'm sure you could swing the car payment, but it's probably not the wisest thing to do. That said, at your age, I probably would have done it, cause I'm an emotional, knee-jerk kind of guy with a "gotta have it" attitude. If you have the willpower, I'd say wait...
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