Car payment

[sevbucmash]

Guys. I want a chevy silvorado. Payment come out to 800 per month. No way I want it that bad.

What car should I look for if I can afford payment of around under 400?


P.S. I don't want a used car, people in U.S. don't even know how to check oil, used car is bad idea.

 

[Travel memoir21]

Guys. I want a chevy silvorado. Payment come out to 800 per month. No way I want it that bad.

What car should I look for if I can afford payment of around under 400?


P.S. I don't want a used car, people in U.S. don't even know how to check oil, used car is bad idea.

Probably a Honda Civic, A Kia or a Nissan Sentra. Those cars probably fall under that range your looking for. Look into a buying a Truck to stand out from the crowd over there.

 

[BackInTheGame78]

Guys. I want a chevy silvorado. Payment come out to 800 per month. No way I want it that bad.

What car should I look for if I can afford payment of around under 400?


P.S. I don't want a used car, people in U.S. don't even know how to check oil, used car is bad idea.

Used cars are almost always the way to go. New cars don't make financial sense as they depreciate significantly the second you drive it off the lot, meaning 20% or more of the value of the car you paid for is gone. Makes zero sense from a financial standpoint to flush money down the toilet.

I have bought used cars for 25+ years and never had any serious issues with one until well after I paid off the car loan...on average I keep them 9-10 years.

 

[sevbucmash]

If car costs 26 000 how much should the payment be?

I think quotes on websites are wrong. Is it $500?

 

[Bible_Belt]

It depends on the interest rate. New cars get the lowest rates, and the rates go up as the car ages. After ten years, most banks will no longer finance the car. Older cars like that can still get dealer financing, but the cheaper the car, the worse the deal. There is a scum bag dealership near me that patches together junk cars to finance to poor people at ridiculous rates and terms, because these are customers who have no other options. They put a remote kill switch in the car to disable it as soon as you are late on one payment.