What is a good amount to borrow when applying for an auto loan?

I am applying for an auto loan and am new to this. I am not sure what amount to ask for or loan term. I can afford $250-$300 a month.

What is a good amount to borrow when applying for an auto loan?

The smallest amount possible ,

Loans just flush $$$$$ down the drain by paying % .

And Car loan % is NOT even tax deductible !

%26lt;

What is a good amount to borrow when applying for an auto loan?

If you are buying a used car, make sure the term is 3 years and less - a new car - 4 years and less

You should be putting down at least 30% down on a vehicle, so that you don't end up %26quot;upsidedown%26quot; when the car continues to depreciate.

Remember, you must carry comprensive and collision on a car that has a loan attached to it - figure that additional expense in.

Honestly, I think you should save money for a year and just buy the vehicle for cash!