Advice needed! I am a current junior in college, and will be getting a car this summer. I think I am planning on buying the car over leasing, and my parents will be paying the car payments until I graduate and get a job-so about a year. I am looking at a slightly used (1-2 years) honda CRV or Kia seltos. I know that everyone says it's dumb to take on a car payment, especially so young. However, I will be living at home for probably 2 years after graduation, and will have around an $80,000 salary with virtually no other big expenses. Am I setting myself up for failure if I take on a $400-$500 car payment?
original posted by Specific_Relative_40 to r/personalfinance on Wed, 27 Mar 2024 15:40:38 GMT.