Contributor
Croselx
Posts: 139
Registered: ‎07-31-2012
Re: How long to wait before financing a second car?

I see no reason to pay interest for 2 auto loans when you can pay one off. I also see no reason to buy 2 (assuming) new cars so close to eachother. Since it seems you have already made the decision to buy the car I advice: pay off the first loan (a satisfactory auto loan might make you more attractive on next purchase) and wait until you have $10K (or more) down for the next car (you can also save more for down payment and wait for a good offer such as 0% financing or 1-2%

As of Feb: AAoA 1 year, 10 months
CK TU: 740; Wal-Mart TU FICO: 721
CS EX: 715
8 CCs, 15 total accounts.
Negs on report: 1 30 day late aged 3 years
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