Rent is around $2000, and I have about $14,000 set aside in an emergency bank account.
Would you mind elaborating on the dangers of 6 year car loans? My interest rate is fixed.
As for the Camry, it had 300,000 miles on it. I have to take several cross-country drives a year to visit family so that was the main reason I felt it was time to upgrade.
As for the depreciation, yes I agree. However, I'd argue that well-kept Civics tend to depreciate less than most cars.
Either way, I'm happy with the car so yes, the title was rather badly worded.
amanhasnoname54 OP t1_jaelyow wrote
Reply to comment by cattledogcatnip in How much should I spend on a car payment given my financial situation? by amanhasnoname54
Rent is around $2000, and I have about $14,000 set aside in an emergency bank account.
Would you mind elaborating on the dangers of 6 year car loans? My interest rate is fixed.
As for the Camry, it had 300,000 miles on it. I have to take several cross-country drives a year to visit family so that was the main reason I felt it was time to upgrade.
As for the depreciation, yes I agree. However, I'd argue that well-kept Civics tend to depreciate less than most cars.
Either way, I'm happy with the car so yes, the title was rather badly worded.