My lease is coming up on my current car and those payments are $537 per month. I've made them on time and I am looking to buy, not lease my next car, due to the miles I drive for my job. My company does reimburse us for a portion of vehicle expenses as well.
I'm embarassed to say that my credit is very bad (high 4's-5) but I make 125-140K per year and have had income in this range for past three years. I've been working on repairing my credit mistakes from college, but that is my current score. I've been with the same company for 7 1/2 years and in my residence for 1 1/2 yrs. I am looking for a car in the $35K range and can put down 20% - 40% if necessary. Please, no lectures. I'm just looking for what I should expect in the current economic situation when I walk into the dealership. When I leased my car 4 years ago I made half of what I make now, and although it involved some negotiation, GMAC financed my lease along with what I owed on my previous vehicle (which is why my lease paymenys were so high.) My monthly bills total approx. $2,300, which includes my current car payment.
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I'm embarassed to say that my credit is very bad (high 4's-5) but I make 125-140K per year and have had income in this range for past three years. I've been working on repairing my credit mistakes from college, but that is my current score. I've been with the same company for 7 1/2 years and in my residence for 1 1/2 yrs. I am looking for a car in the $35K range and can put down 20% - 40% if necessary. Please, no lectures. I'm just looking for what I should expect in the current economic situation when I walk into the dealership. When I leased my car 4 years ago I made half of what I make now, and although it involved some negotiation, GMAC financed my lease along with what I owed on my previous vehicle (which is why my lease paymenys were so high.) My monthly bills total approx. $2,300, which includes my current car payment.
Thank you for your feedback.