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re: how much would u finance a vehicle for and for how long

Posted on 7/1/21 at 7:58 am to
Posted by ColoradoBama
Littleton, CO
Member since Oct 2015
12 posts
Posted on 7/1/21 at 7:58 am to
I just went through a weird car purchase - still not sure how I feel about it. Wife and I didn't have a car payment for 5 years but my old 4Runner was up over 200,000 miles so I figured it was time. I got a $70,000 bonus at work (no joke and very unexpected, long story) so felt good about it even though I enjoyed no car payment.

$10K down payment and 2.0% financing for a 2021 Gladiator. I have a side hustle though that brings in $600+ a month which covers the monthly payment. I had stopped the hustle because it was boring but having a new car gave me motivation to pick it back up. So as long as I continue the hustle I will have no payments out of pocket on the car. If I get bored with it again I will just pay it off with the bonus.
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