/biz/ - Business & Finance

Whatever you are comfortable with OP.

>And what is considered a good interest rate on an auto loan?
Anything below 7%.

Now for all you ">huur duur loans" faggots, is it really worth going without a car for however long it takes you to save up? Why wait two years to buy a car when you can get it now, pay it off over 2 years and only have a tiny amount of interest to pay. Look at it as a sort of convenience fee.

And if you have 30k to spend on a car do you really want to drop it all at once? Wouldn't it be a better idea to put like 10k down and leave the 20k for payments or in case something important comes up and you really need to use it?