Not for me. One of my girls is in the market. She has;
$4000 savings
Credit score in the mid 600's
A 9-5 job, which after she pays rent & expenses, is left with zero, to a couple hundred bucks depending on the month.
A $300 per month new car payment isn't gonna work for her financial situation, so I suggested she buy used. Still, that's gonna eat most of her savings.
Should she take out an auto loan (which bank)? Pay all cash? What's the best move?
$4000 savings
Credit score in the mid 600's
A 9-5 job, which after she pays rent & expenses, is left with zero, to a couple hundred bucks depending on the month.
A $300 per month new car payment isn't gonna work for her financial situation, so I suggested she buy used. Still, that's gonna eat most of her savings.
Should she take out an auto loan (which bank)? Pay all cash? What's the best move?