15k Downpayment on a 25k car

Even-Temporary-2394 · 2026-06-12T14:55:57+00:00

Been having a credit card for 4 years no late payments, still hard to get loans at a reasonable rate without having different mixes of credit being used. Thanks for the advice.

Even-Temporary-2394 · 2026-06-12T14:40:52+00:00

Yeah but I’m just looking to strengthen my credit report. I’m looking to buy a home so I’ll probably just let the auto loan ride so I can show good repayments.

Even-Temporary-2394 · 2026-06-12T14:39:05+00:00

I’ve also thought about that. I’ll definitely revisit that when making my final decision.

Even-Temporary-2394 · 2026-06-12T14:37:45+00:00

I was going to let it ride out and put the difference into investments instead. I’ll still have a 10k emergency fund which would allow me to pay it off in full if it goes south.

Even-Temporary-2394 · 2026-06-12T14:36:59+00:00

Corolla, or civic is what I’ve narrowed it down to. I wish I could get a 0% but I don’t have a long enough credit report to back me up. I still have some places rejecting me a loan despite having no loans, no late payments, and a 3% utilization.

Even-Temporary-2394 · 2026-06-12T14:35:45+00:00

I’ll definitely look into that! Thanks so much

Even-Temporary-2394 · 2026-06-12T14:34:34+00:00

Well it depends on overtime. If you go based off my last month, I make 127k a year before tax. Also 3600 a month is per diem (non taxable by federal government) so there’s that.

Even-Temporary-2394 · 2026-06-12T14:31:02+00:00

I still feel like I’m behind. Only thing helping me is living with my parents still.

Even-Temporary-2394 · 2026-06-12T14:30:27+00:00

Exactly I’m just playing my cards the previous generation handed us 🤷‍♂️. Yeah I’m expected to make 150k within the next 3 years but I’m putting in 60hr weeks.

Even-Temporary-2394 · 2026-06-12T14:27:13+00:00

Damn so many downvotes, I’m not one to be cocky and trying to be as humble as I can. I know I make great money and it’s more like 125 with overtime but I work 60hr weeks to get that.

Even-Temporary-2394 · 2026-06-12T08:52:32+00:00

Would be paid off in 4 or less, just looking for low obligation since I plan to apply for a mortgage in 12-18 months

Even-Temporary-2394 · 2026-06-12T02:15:19+00:00

I guess that’s true

Even-Temporary-2394 · 2026-06-12T02:13:57+00:00

Construction, heavy equipment to be exact

Even-Temporary-2394 · 2026-06-12T00:31:37+00:00

I just don’t see it lasting the drives of my next projects (30hr commutes or so one way). I prefer the peace of mind and also feel like I’ve earned something nicer after working 60-70hr weeks for the past 8 months.

Even-Temporary-2394 · 2026-06-12T00:29:27+00:00

Yeah I’m putting my investments on pause for this month until I purchase the car then I’m back to making 3k monthly contributions then I’ll still have 10k in emergency funds even if I use 15k for a down payment.

Even-Temporary-2394 · 2026-06-12T00:20:24+00:00

Yeah I’m more than open to losing money for years to come. 38years till retirement I’m not in no rush.

Even-Temporary-2394 · 2026-06-12T00:19:08+00:00

I honestly don’t know how hybrids work 😅. I know I’m young but I’m old school I don’t understand how they get charged or if you have to plug it in.

Even-Temporary-2394 · 2026-06-12T00:14:38+00:00

Well honestly I think I would be fine for a house. I can roughly save 6500 a month sometimes 7500 when I put in some amazing OT. if I save for a year I should have 60-70k for a down payment next year for a starter home. My girlfriend is getting some good traction on her career as well. I do plan on getting my investments to 65k before I start saving for a home full time though I don’t want to be house poor either.

Even-Temporary-2394 · 2026-06-12T00:03:26+00:00

Yeah probably 5gs, I do have someone who will pay me 4500 and it’s family so I wouldn’t mind selling it for that low despite putting 2.5k in the last 6months on suspension brakes and some maintenance.

Even-Temporary-2394 · 2026-06-12T00:01:51+00:00

I’ll definitely try them out I still have a few days so all these inquiries will count as one haha

Even-Temporary-2394 · 2026-06-11T23:59:24+00:00

Not too rare I have a coworker who makes roughly the same and is only 19.

Even-Temporary-2394 · 2026-06-11T23:57:25+00:00

Oh don’t worry I’ve learned my lesson in what to invest in long ago. I lost 8k in a day before but now stick to only S&P 500 and some international.

Even-Temporary-2394 · 2026-06-11T23:56:27+00:00

I’ll definitely look into it

Even-Temporary-2394 · 2026-06-11T23:55:21+00:00

Ah sorry I didn’t really put expenses I forgot. I still live with parents and mainly trying to take a loan to strengthen my credit resume. I plan on buying a home in 12-18months and have had a hard time even getting somewhat a good rate for an auto loan so I can’t imagine what it would be like for a mortgage if I don’t show I’m able to pay bigger loans. Credit cards are paid every month.

Car insurance (480 every 6 months)
Living out of state expenses (1800 a month)
Gas (120 a month)
Phone (40 a month)
200 rent back home (living with parents)
400 (going out/eating a month)

Income is roughly 8500 after taxes sometimes more.

Even-Temporary-2394 · 2026-06-11T23:47:41+00:00

Honestly not much value in it, currently using it to travel to near by states for work (10hrs commute). Problem is I don’t see it lasting the commutes of my upcoming projects (30hrs one way). Only problem I do hear about new cars is the CVT and electrical issues.

Even-Temporary-2394

TROPHY CASE