Wednesday, July 29, 2015

Can I afford a $15,000 car if I make $2,000+ a month and have a decent credit report?


According to Credit Karma, my credit score is a 736. I also make around $2,000+ a month depending on how many shifts I pick up from working 2 part time jobs. I'm current looking at 2 different cars at my local dealer that I'm interested in and can't decide which one I want, or if I can even afford either. One car is a 2014 Honda Civic 4 door manual with 5,423 miles and it's going for $15,494. The other is a 2014 Honda Civic 2 door automatic with 11,826 miles and it's going for $15,991.

I've done a little research and I've been trying to build up my credit for the last year. I have no debt and I'm just looking for a newish car to replace the one I've been driving for the past 8 years. I plan on putting $5,000 down on whichever car I end up choosing, but I want to make sure I'm making the right decision.

Read more: Can I afford a $15,000 car if I make $2,000+ a month and have a decent credit report?