First time buying a car

I’ve been driving a 2012 Honda Civic Si for 10 years that was purchased by my family at the time. 170k miles and running fine. A couple small dings where people have hit me with their doors and paint that’s fading on the front left side I won’t ever put the money into dealing with. I’ve driven that car since I was 19 and I’m just wanting an upgrade. I make roughly 120k. Credit scores are in the 750-770 range. Clean driving record. My rent is just utilities at $300. Almost paid off student loans and credit cards. No interest in kids I don’t want a family car. I currently have 10k saved for a down payment but I really don’t know how much more I should be saving. I’ve been eyeing a Type R for about 3 years. Is that completely unreasonable purchase? I also don’t know if a bank would approve me for a large loan mainly due to the fact that this would be my first car purchase myself. Thoughts?

Posted Mar 8, 2025, 12:47 PM UTC

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