So my family and I are looking at getting me a new vehicle, because the 1990 Riviera that I'm driving is starting to wear down and I'll be driving a lot for work. The problem is that my student loans will kick in with about $324 monthly payments and I'm only making $22,000 at my current job, so adding another $200+ a month in car payments will leave me extremely strapped ($300 or less to cover groceries, gas, etc.; so no saving for retirement or anything else).
I've looked around and seen some stuff about income-based repayment and was wondering if anyone here knows anything about that, whether through personal experience or knowing someone who's gone that route, and would recommend it based on my current situation?
I've looked around and seen some stuff about income-based repayment and was wondering if anyone here knows anything about that, whether through personal experience or knowing someone who's gone that route, and would recommend it based on my current situation?