Submitted by [deleted] t3_127l5z0 in personalfinance
iamaweirdguy t1_jeeoman wrote
Reply to comment by tharesabeveragehere in Is a $500 car payment too much by [deleted]
I mean in pretty much every case you’re going to have paid more by the end of the loan than what the car would be worth by then.
OP just needs to look at the interest rate. It’s too high. If their credit is shit, look for a cheaper car that they can buy cash (they should have plenty of cash on a $3200 salary with $800 expenses)
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