found a car i really want. credit score on paper is 693 but apparently auto score is 640 because i havent even had credit for a year (15k loan) 2k down
they offered me 22%, i know this is pretty shite but my rent is only 600, i can put over 1000 a month extra to the principal if i budget to pay it off in less then 2 years. or just refinance it
obviously this isnt a great decision buts its not a damning one, right? i assume high apr is only terrible if i am paying the minimum balance or my credit is trashed
note: i already have a 2011 prius im keeping that i use for work and for long drives so new car will live longer. Also my parents pay insurance
original posted by buzloks to r/personalfinance on Thu, 28 Mar 2024 16:01:28 GMT.