Quote:
Originally Posted by M3PO
I got my '08 at 25 last year. I pay rent ($1200 a month). I also pay insurance and gas (~$450 per month). I have student loans also. It's a $40K car and I put $20K down. $400 car payments are easy.
I had a BS in Physics by 21 and an MS in mechanical engineering by 23. Now I have a good engineering job.
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don't even entertain this thread; but IMO 20k cash down for a car is nuts w/ interest rates as low as they are. Shit with like 3k down you can pay 600 a month @ 40k a little over 66 months. Let that 20k cash invest and make interest that will negate the car loan. In this economy I always use others money and mine just stays w/ me.
