Can I buy a new 08 Acura TL with a $45,000 salary?

  • Thread starter Thread starter Dennis C
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Dennis C

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I am 24 years old, never bought a car before, credit score is 715. If I can get this car, what do you think will be the average conditions and terms on the contract?
 
Depends on high credit, debt ratio, and credit history. For example if you have 2 1000.00 limit credit cards and have no or little balance you will need a high down payment or high APR but still depends on amount financed and your income after taxes to debt ratio, and high credit. Best thing is to buy a less expensive car, say 10grand and payoff early then you will have high credit and a paid off car on your credit which is better then owning a house as it is easier to buy a house then a car.
 
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