If it's credit related then I would opt for something cheaper. Esp if I'm paying > 10% interest. I would get that car, pay off ASAP and allow my credit to build and then buy a nicer car at a cheaper interest rate.
$500 too much is completely based on you. Is $500 a month too much for me? Yes and I bring home $7k/month with only $3k being expensive but that's cause I'm cheap AF. Is it too much for you is a you question.
leaveit2 t1_jeerd43 wrote
Reply to Is a $500 car payment too much by [deleted]
As others have mentions; that interest rate.
If it's credit related then I would opt for something cheaper. Esp if I'm paying > 10% interest. I would get that car, pay off ASAP and allow my credit to build and then buy a nicer car at a cheaper interest rate.
$500 too much is completely based on you. Is $500 a month too much for me? Yes and I bring home $7k/month with only $3k being expensive but that's cause I'm cheap AF. Is it too much for you is a you question.