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Posted in Auto Loans
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pwimbs79

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I will be first time car buyer I need help?
I am 37 years and never bought a car I just started paying my student loans and my credit rating is fair. I am currently looking at a used car and the cost is 6,500 dollars. I have been saving money for two years now. For a first time buyer I have been thinking about some things of how to either lease a vehicle or pay monthly payments. I have considered borrowing money to cover the remaining cost of the vehicle itself and while making the monthly payments. I also considered financing to cover the cost of the vehicle and use my savings to cover the other expenses such as sale tax, registration cost, etc. I need suggestions on how to approach this situation. I am currently working a seasonal job and make close to 2900 a month before taxes after taxes below 1800.

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