Finance Questions

Posts Tagged ‘bookmarks’

Question: can i afford this car? yes or no?

i make a little over 2000 dollars a month. I want to finance a 2010 Camaro SS. I really want this car, but can i afford to make the monthly payments??

Answer: No.
Rule of thumb is to buy a car that costs no more than the equivalent to 1/2 a years salary.
You make $24K a year, your car should cost no more than $12K.

Buying a car that costs more than your yearly salary will leave you with financing issues. If you manage to get financed, you are a good candidate for an eventual repo.
You have to think about things like insurance, as well. It's going to be high for that car.

Yes car credit

Question: I need a lien release from Citizens Auto Finance, INC. Sacramento Ca. There is no info available on them? HELP?

~ there is no email, or web page or any info I can find on them. Any help would be appreciated.

Answer: The questions and answers in this exchange may give you the information you need to contact them:

http://jdedit2001.savingadvice.com/2007/08/11/citizens-auto-finance_29146/

Orderly Restructuring for Auto Industry?