Submitted by ItemCareful1077 t3_10afn7k in jerseycity
ffejie t1_j45k7nj wrote
Reply to comment by nk1 in JC or Hoboken for a 26 yo single woman?? by ItemCareful1077
Yeah absolutely plausible - and frankly still a cheaper car payment than many. One thing to remember is in a few years, you'll have the car paid off and hopefully still functioning (or could trade it in). So technically, you are building a small amount of equity with your current payments. It probably works out to about even vs. transit, if you assume you'll have a $10K car at the end of 5 years of payments.
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