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iHav to Drive
American Muscle
Can I buy the 2008 Cadillac Escalade? Please help!!?
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<blockquote data-quote="®|$|l|mmž™" data-source="post: 1644852" data-attributes="member: 635254"><p>Okay, so I'm buying a car. A new, 2008 Cadillac Escalade. The sticker price is $55,990. With tax, however, it is $59,349. The length of my loan is 36 months and my interest rate is 5.39%. I am a lawyer, and make $128,000 per year. My monthly income is 10,777 dollars. I can only spend 10 PERCENT of my monthly income on a car, and that ten percent is 1,077 dollars. So, from the information given, is this car affordable for me? In other words, is the amount I pay monthly 1,077 dollars, or less? Thanks sooo much!</p></blockquote><p></p>
[QUOTE="®|$|l|mmž™, post: 1644852, member: 635254"] Okay, so I'm buying a car. A new, 2008 Cadillac Escalade. The sticker price is $55,990. With tax, however, it is $59,349. The length of my loan is 36 months and my interest rate is 5.39%. I am a lawyer, and make $128,000 per year. My monthly income is 10,777 dollars. I can only spend 10 PERCENT of my monthly income on a car, and that ten percent is 1,077 dollars. So, from the information given, is this car affordable for me? In other words, is the amount I pay monthly 1,077 dollars, or less? Thanks sooo much! [/QUOTE]
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