Comments on: How should I go about with finances—want to buy a new car?

By: STEPHEN W

STEPHEN W — Tue, 11 May 2010 14:56:52 +0000

I am not gonna say that I am totally sure about the answer.it is really depending on the personal feelings.thus it would better for you to try to find the best answer yourself.Here www.Autoinsurancepro.info is a good resource for reference though.

By: Hotrod021075

Hotrod021075 — Tue, 11 May 2010 14:56:52 +0000

Since you pretty much don’t have to pay for anything, you don’t need emergency money so plan 3 is probably out. Never take a loan to pay debt, especially if the rates are higher on the loan(that’s a good way to ruin that 827 creditscor.)I say hit up plan one. BUT since your credit is so high you pred 9k. You could probably slide buy with 2.6k down on a kia or some dirt cheap car that gets good gas mileage. used civic/new kcorolla corrola etc. if i were you i would lean more towards a used civic or corolla. Good luck and plz take my advice my uncle is a banker and i ask him for advice because i was in a quite similar situation not to long ago>.>.

By: rob s

rob s — Tue, 11 May 2010 14:56:52 +0000

car payments should not go over 1/5 of total monthly income,
so 1/5 of $1200 is $240.so payments cant go over that.
add $100 for insurance.
$340 a month on top of other bills.
over half of your monthly income is gone.
buy a $2500 car,then work to pay all bills
a $9k loan will ruin you economically at this time.

By: Max

Max — Tue, 11 May 2010 14:56:52 +0000

Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool - carinsurance.deep-ice.com