Posts: 9,732
Registered: ‎12-30-2011
Re: First car loan...

I would suggest that a 32kish car is a little much on your income.


Look at spending around 20k on a new or used car and you'll be fine, getting 25k in financing on 1600/month as a first-time buyer may well be tricky.  

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)

Take the myFICO Fitness Challenge