I drive 105 miles round trip for work each day, 6 days a week. I have a Ford Explorer that is paid for, (1995). At 18mpg hwy, you do the math. I am spending $600 - $700 a month in gas. Thats a huge expense. You simply don't save money each month spending that, not too mention every month, that number grows.
If I bought a car with 36mpg hwy, my expense would be cut in half. Any car payment less than the difference, and I figure I am ahead of the game.
Also, 105 miles a day, realiabilty becomes a factor as well. My explorer as 195,000 miles on it. If it was a toyota, no big deal, but its a ford. Its life is surely limited.
I also don't want to spend 13K either. Loan was approved for 7,500 - 13,000. I intend on trying to be near the lower level.
Whats killing my scores seems to be the DTI now with the 1st car loan I grabbed in March. My scores were around 600 - 640. Now, they have dropped to 550-600 because of that loan. TU is my best report, but can't seem to find anyone that would pull it, they all pull EX or EQ, the 2 lower ones.