Quote:
Originally Posted by jmg
Quote:
Originally Posted by ASAP
Let's just say I bought a CPO 2 year old vehicle for 65% of the new price... I'd say I am in just about the best scenario imaginable... less not having a car.
|
CPO is definitely the way to go... but that doesn't clear you of monthly payments. Again, the down payment and resale have to be factored when calculating your % of net income spent on your car. That was the original intent of my post after all. You said 6% of net income, but with 50% down, I wanted to know if you had accounted for that. Not to mention the 0.9% financing that can sometimes be had for CPO cars. |
The 6% would be after the down payment is taken off... but again, I had the cash to easily be able to do that and preferred to use my recurring revenue elsewhere.