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.
How Much Car Can I Afford Calculator. When deciding how much to spend on a car, youâll need to see what car you can afford, based on your income and your expenses. In general, you should not spend more than 20% of your monthly income after taxes on a new car.For example: â¢ Annual Income: $40,000.â¢ After Tax Monthly Salary: $2,500. â¢ Affordable Car Payment: $500. The down payment, interest rate, and term of your loan will also determine how much you can afford to buy.ow Much Car Can I Afford Calculator. When deciding how much to spend on a car, youâll need to see what car you can afford, based on your income and your expenses. In general, you should not spend more than 20% of your monthly income after taxes on a new car.