$5K lolly, no debt, hw much wud u nick out within a vehicle loan for a honourable used saloon? have paid stale student loans, have steady job, no other debt,

have paid stale student loans, have steady job, no other debt, no credit history

do not go to blue book, blue book is innaccurate, dealerships use the black book, and even if u know the blackbok utility of ur car they will still try and rape u on ur trade in. if you progress to any major car manufacturer website they usually have a blackbook estimator online for you to use. stay firm at your asking price, dont cave. but you cannot realistically expect to seize more than the black book says unless you sell your coup�� outright.

The truth is you may entail to look it up on bluebook.com by make and model to see the car's value.

Zero. Why acquire unmarked debt for a car?

25 % of your income should go to car.
40 % house and home
20 % entertainment
10 % stash trust me the other 5 % will go missing.

If I be you, I'd put the $5k in the bank (maybe a money-market account), and apply for a wall loan to buy a good used car. It sounds similar to you have managed your money economically, and your student loans will show on your credit history.

Make payments on the car, and keep the $5k tucked away contained by case you need it for an emergency.

Think of it this route... if you put all your spare money (the $5k) into a car, and the nouns goes out in six weeks, what are you going to do? Better to be not dangerous than sorry!

With $5k cash, you should not have any loan for a angelic used car. The $5k should pay it completely.

Answer:
Most of these answers nouns pretty well intentioned and accurate. You have to consider your income. Provided that you enjoy a typical emergency fund (3-6 months of income), pay as much down toward the car as possible. The remaining be a foil for should not be more that 25% of your net income/bring home pay. Buy a well brought-up used car and let someone else munch through the depreciation on a new car. Take a look at consumer reports and you can locate their ratings on reliability of used cars.I hold found them to be pretty accurate in general but nought beats bringing the specific car to a trusted mechanic.

I wouldn't take out a used motor loan with $5K in dosh. Use it and pay for a car outright, later you won't have to worry give or take a few a car payment.

depends on what you can afford. Dont try to spend your entire paycheck on a coup��. if i were you i wouldnt use the 5k at all. try to return with a loan from your credit union for the amount. leave the 5k contained by the bank and earn interest, although you can pay the not out of it per month. its an graceful way to build credit and make a lil money at equal time.