I’ve been chewing on that idea too, but from what I can tell, the interest rates are way higher. Or am I totally off base? So, I ended up sticking with the auto loan... I’m thinking about using my life insurance policy as collateral—I heard that’s actually a thing people do...
I could really use some help here because I’m a bit out of my element with all this... So, here's the deal. I'm planning on financing a new car next year. We're looking at a price tag of roughly $40. I've been at my current job on a permanent contract for about three and a half years now.
Regarding my income... My take-home pay is $1000, but I also get extra payments a few times throughout the month—it's all clearly listed on my pay stubs and goes straight into my checking account. On top of that, I'm planning to put down a down payment of about $10. Do you think I'll run into any issues? Any potential headaches I should watch out for? Any bit of info helps. Did I miss anything important? Thanks!