I’m a 24-year-old with a 4-year credit history consisting of two credit cards and nothing else, and a FICO score that floats around between 750 and 800, depending on my revolving utilization each month. I make 72k, and I have existing relationships with Ally, Discover, Schwab, and Chase.
I’m looking to buy a car fairly soon because my hand-me-down is rapidly becoming a money sink. I have a rough idea of what vehicle I want, and if I were okay with completely wiping out my savings, then I could technically buy it in cash. Since I’m not okay with completely wiping out my savings, I’ll be needing to finance the purchase, and I’d like to know what options make sense for someone in my position to consider.