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BezniaAtWork t1_j6nuadx wrote

Yes, you can afford it. Just like anyone else on here would say, I'd recommend stocking up your IRA and getting that 401k match right now while you're in a position where you can afford to do those things and get that sweet, sweet compound interest, but that car payment isn't going to kill you. Make sure you are getting the best interest rate you can and are buying a reliable vehicle, but that price range is in your budget when including fees and taxes.

For reference, I pull in about $2700/mo net ($5800 gross but I save a LOT because I am luckily in a position where I can) and my car payment is $295/mo. It was $28k and I put $14k down though (the trade-in for my previous vehicle.)

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