Hello all,
I am looking to purchase a home in the next 2 years. I currently live in a large city and do not own a car and have zero debt. I don’t really need a car to live in the city but it would definitely make life easier and I feel I should get one sooner than later.
If I buy a car this year I will need to finance.
My question is, should I wait on the car until after I have pre-qualified for a home so that I am approved for a higher mortgage? Or will financing a car prior to getting pre approved matter/maybe even help as I will have another line of credit established?
original posted by ekempz to r/personalfinance on Thu, 07 Mar 2024 23:14:02 GMT.