Very interesting video. I loved it. But I just have a few questions. If I take out a loan for a car, for how long must it be, and at what interest rate? Also, how big must the downpayment be? I would love to see a video about credit cards, like e.g. what is the best one (the Fizz card, your local bank one etc.), what are the pros and cons of having one and why, and also what is the best way to use one. Lastly, I just want to give you some criticism to help you out. At 1:21, you say that you previously stated that your yearly salary was around $27,000. When you did not stated it anywhere previously. Its ok for now and aint at all a big problem now, but perhaps in the future it can be when you accedently leave out important information and later go back to what you left out that can then perhaps hurt the quality of the overall video even though it did not do that here in this video.
Hello thanks again for coming back to my channel. In my opinion the down payment should be whatever it takes to get the loan payment(amount your paying to the bank),Vehicle maintenance & gas to 10% of your overall monthly budget. For interest rates anything above 6% is pretty high however you have to have an established credit history in order to get your interest rate this low. For how long should it be? Well i believe no more then a 4 year vehicle loan however if this doesn’t fit into your budget it may have to be longer it varies depending on person but the longer the loan the longer you’ll be getting charged interest. I like those ideas I’ll definitely try to think something up using those. Thank you for pointing that out. In the unedited version of this video i actually did state that my salary was $27,000 at the time however during editing i decided to cut that part out because i repeated exactly what i said in the first 0:18 seconds. Definitely will take your comment into consideration in the future & i appreciate your support.
Very interesting video. I loved it. But I just have a few questions. If I take out a loan for a car, for how long must it be, and at what interest rate? Also, how big must the downpayment be? I would love to see a video about credit cards, like e.g. what is the best one (the Fizz card, your local bank one etc.), what are the pros and cons of having one and why, and also what is the best way to use one.
Lastly, I just want to give you some criticism to help you out. At 1:21, you say that you previously stated that your yearly salary was around $27,000. When you did not stated it anywhere previously. Its ok for now and aint at all a big problem now, but perhaps in the future it can be when you accedently leave out important information and later go back to what you left out that can then perhaps hurt the quality of the overall video even though it did not do that here in this video.
Hello thanks again for coming back to my channel. In my opinion the down payment should be whatever it takes to get the loan payment(amount your paying to the bank),Vehicle maintenance & gas to 10% of your overall monthly budget. For interest rates anything above 6% is pretty high however you have to have an established credit history in order to get your interest rate this low. For how long should it be? Well i believe no more then a 4 year vehicle loan however if this doesn’t fit into your budget it may have to be longer it varies depending on person but the longer the loan the longer you’ll be getting charged interest.
I like those ideas I’ll definitely try to think something up using those.
Thank you for pointing that out. In the unedited version of this video i actually did state that my salary was $27,000 at the time however during editing i decided to cut that part out because i repeated exactly what i said in the first 0:18 seconds. Definitely will take your comment into consideration in the future & i appreciate your support.