It seems like there are a lot of 50 to 60 year olds answering questions in the Senior Citizens section. I thought a Senior Citizen was a person over the age of 65 years of age. I understand that any age group can answer questions in any section and category but the 50 to 60 year olds seem to think that their age...
Credit Score: 500-579 â The minimum credit score to buy a car falls in this range. When your credit score is in this range lenders are hesitant to grant you a car buying loan. There are lenders that will, but they are sub-prime lenders and a down payment of some kind is required.
The 1/10th rule says you can only buy a $6,000 car which seems much too onerous for a person of your stature. Itâs time to live it up a little! My net worth rule provides a guideline for the retiree to buy up to a $50,000 car instead. Below is the net worth guideline by income chart for your review.