How much can I afford to pay for a new car? By new I don't mean BRAND new of course. New to ME. :)

Well....

1. How much do you make???

2. What bills do you have/expect to have???

3. How much are you willing to pay for a payment & insurance???

4. What's your credit like??? This will affect your interest rate.

1. How much do you make???
33/yr
2. What bills do you have/expect to have???
prolly 500ish for rent/utils 300-350 for gas/food
3. How much are you willing to pay for a payment & insurance???
Insurance for me is around 200 a month. Payment is dependant on how much the car is.
4. What's your credit like??? This will affect your interest rate.
Credit's perfect.

So you make about $2750/month.

Subtract $900 for rent/utilities (always better to figure high than low)

Subtract $200 for insurance

This will leave you with $1650.

With your credit, you should be able to get a low interest rate. I'm not sure what they run right now for vehicles, but shop around before settling on where to get your financing from. Stick with your bank or credit union if you can.

Personally, I can't see going over $300/month for a car payment. You make good money, and you don't have a lot of bills, but you shouldn't stretch too thin, in case something happens. That will leave you with $1350/month for other expenses that may occur (gas, entertainment, credit cards if they increase, higher rent if needed, etc.)

I'm not an expert though :p

buy a 4cyl Honduh and pimp that **** out yo. :|

So you make about $2750/month.

Subtract $900 for rent/utilities (always better to figure high than low)

Subtract $200 for insurance

This will leave you with $1650.

With your credit, you should be able to get a low interest rate. I'm not sure what they run right now for vehicles, but shop around before settling on where to get your financing from. Stick with your bank or credit union if you can.

Personally, I can't see going over $300/month for a car payment. You make good money, and you don't have a lot of bills, but you shouldn't stretch too thin, in case something happens. That will leave you with $1350/month for other expenses that may occur (gas, entertainment, credit cards if they increase, higher rent if needed, etc.)

I'm not an expert though :p

Uncle Sam will take about $11,000 from my pay each year :(

buy a 4cyl Honduh and pimp that **** out yo. :|

:|

what? :|


:P

buy a 4cyl Honduh and pimp that **** out yo. :|
I'd pimp this...:cool:
http://www.pure-tuning.com/images/projectcars/s2000/s2k5.JPG

what's that baby pushing... 1.5 psi? :|

what's that baby pushing... 1.5 psi? :|
Hell if I know, I'd still drive it if I could get it cheap :p
But I want me one of THESE :drool:
http://bradbarnett.net/mustangs/caroline/060704-3.jpg

Uncle Sam will take about $11,000 from my pay each year :(

Oh :( I thought you were talking net income, not gross.


I'll have to get back to you then :P

be a bad ass, pimp this:

http://www.1motormart.com/gallery/74amc01.jpg

be a bad ass, pimp this:

http://www.1motormart.com/gallery/74amc01.jpg


That would be hot.

affording a monthly payment on a new car shouldn't be a problem (hell, i could do it if i really wanted to, and i make $10 thousand less than you), but you will need money for a down payment and to register the car. and, depending on your state laws, you may need to pay taxes on car. also keep in mind that your insurance rates may change with the type of car you buy

Hell if I know, I'd still drive it if I could get it cheap :p
But I want me one of THESE :drool:
http://bradbarnett.net/mustangs/caroline/060704-3.jpgYou will need to find a rich little wife. :D

affording a monthly payment on a new car shouldn't be a problem (hell, i could do it if i really wanted to, and i make $10 thousand less than you), but you will need money for a down payment and to register the car. and, depending on your state laws, you may need to pay taxes on car. also keep in mind that your insurance rates may change with the type of car you buy I've got around 3k sitting around here. And yeah there's 8% sales tax. Thing is what kinda car would you get? I gotta have another mustang or at least something 2 doors and fast.
You will need to find a rich little wife. :D Why? They're not THAT expensive, maybe more than I can afford at 15k but not TOO bad.

*bump*
So how much can I spend on a car without going penniless?

$123,456

and 78¢?