- Banned
- #31
I'm the only one working and hit just around only 40k a year so I guess the only thing I could afford new is a Kia with that methodology. Yes those are the very core straight up truthful answers no one wants to hear but we all are different. For me I know it would take me 5 plus years to save enough for a down payment big enough to get my payments on this truck down to 5 600 a month. I don't plan on trading it in or selling it I plan on keeping it long term. Yes I would pay way more for the stretched out 84 or so month payments but it puts the truck within reach with a low down payment and a much lower monthly payment. Us poor people pay more overall but sometimes you bite the bullet and do what you need to do to get what you want. You can always refinance later down the road.Just curious, what's your rule for home price vs annual income? Something tells me we live in drastically different parts of the country.
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