Correct I would never and I would make sure it’s something I could pay double and pay it off in a yr

No. I'm on Eastern Time. I have to wait to call them at 8:30 Pacific Time.

I cancelled last summer. I can't find email confirmation. I checked my trash and spam folder. Nothing. My credit was all I have left.

This is entirely income based.

Me and my wife have a 375 dollar car payment. We also have 5000 left over every month after bills, food and 20% retirement investing. In our case, the car payment is hardly even noticeable.

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Your car payment in general should not exceed more than 20% of your takehome.

I wouldn't get a car loan for 13% interest unless I had zero other options. I'm struggling to accept 7% is the current rate..

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Vast majority of American cities are a joke when it comes to public transportation, and a lot of people live where they have little to no access to public transportation. It also doesn't help that not having a car is looked down upon, especially in car centric cities. I am know several people that have access to buses but are far too proud of themselves to be using public transportation, even if that means being constantly in debt for car loans. That's the depressing reality.

> B is happy to pay 50/50 taking everything out of the equation

then do that.

Someone hit a car in our apartment lot and blamed it on us like... months later based solely upon there being a scuff on our car too. Had a cop show up at the door and everything. Just deny it and have everyone move on with their life

> But what if for example B is currently earning less because a new job was just taken and A encouraged them to take it?

that's a relationship thing, not a finance thing.

You could contact the police about it. 🤷🏼‍♂️

how much are houses in your area?

how much money will you be able to save per year to put towards a house down payment?

> It is 100% likely I'm messing up terminology.

Yes, you even confuse "return" and "refund"- the most basic of terms.

>I'm not withholding anything

That's your problem.
Go to https://www.irs.gov/individuals/tax-withholding-estimator and see how that plays out.

How is your credit? If your credit is good then that rate is way to high and i would suggest looking elsewhere.

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I agree. I do plan on waiting a couple of months at a minimum. The main issue I foresee is if I wait too long, I could be rushed into needing a new vehicle and given if I do not have one spoken for at the end of the year.

What are your thoughts on keeping some cash and receiving a loan for $20k with the current interest rates?

The little back story is I have a 2013 chevy cruze that needs about $5k in repairs to pass inspection for registration. The vehicle is only worth about $2k. It doesn't make sense to repair the car when I already don't fully trust its longevity.

To do well financially as an employee, you have to skills employers are willing to pay for. College is one route. Learning a trade is another. In tech, many people are self-taught.

An alternative is to start your own business.

I was in this exact scenario. My now-husband already had a house he purchased when we started dating. When I moved in with him after a year, we split mortgage + utilities by income %. A few years later we bought our own house and got married, so I didn't feel bad about giving him equity on the old house, as we rolled it into our new house together.

Yes, I would never exceed a car payment over 250.00 dollars

Did you read my first paragraph 😜

Not all commutes involve stop and go.

Buy a house because you want to live in it, not because you think it might be a "good investment".

Thank you-- the person who did our taxes last year (my husband's family friend who previously worked for H&R block), suggested we file married separately because I earn substantially more than he does.

Why are you filing separately? That only makes sense in fairly uncommon situations. I suspect that is a big part of your problem.

This model of vehicles has been “sold out” for two years, going into it's 3 year of being sold. I am not sure if the “hype” for this vehicle will die down. I understand your outlook.

What is your outlook on not spending all my cash, and receiving a auto loan at the 7%~ interest rates for $20k?

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