I was approved at Toyota yesterday for an 08' Camry. The car costs 18,900 and it only has 4000 miles on it. I make 43K and I do not have rent/mortgage. After checking my budget, I think I can afford this car comfortably. I do not have all of the details as far as APR yet but I do know what it should be according to this website. I've gotten some great information from this site and would like to know if anyone thinks I pushing it budget wise. I'm only afraid because this will be my first car loan, so this will be a huge change for me.
I forgot to say that I owe a total of 175 in cc debt and I do owe for student loans. I just finished graduate school and will owe 30K in student loan debt that I will begin paying in the spring.
Before making any decision, I would investigate various credit unions. I thought Toyota was the best offer out there as well, until I checked out NFCU. Now, I am not pushing NFCU, just saying credit unions will usually beat a dealer and bank rate.
