Quote:
Originally Posted by whtchocla7e
Live today, tomorrow worry about tomorrow
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Quote:
Originally Posted by Dadhawk
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.
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this is ''dead nuts" accurate! listen up! pearls of wisdom!..be very careful when f**king around with cars! too expensive these days,IF you do NOT know what you are doing!
in addendum: the video doesn't even mention the fact that you get "ZERO" tax deduction for your $475.00 car payment over the course of the year. this was taken away
in 1986 when reagan reformed the tax code.