Game Plan Savings Plan

I'm hoping to put in 10 grand in a $20,000 used car. Possibly an SUV, a car no older than 5 years old with a possible milage of 60k or less.

  • Save $1100 a month for 5 months
  • Use what I have in my savings in addition with what I will be saving to pay for the downpayment of this car
  • Work full time hours to be able to save
  • I have crap credit. So I want to pay more in a downpayment to make my monthly payments in financing the vehicle less.
  • I want to be making payments of $300 a month cuz most likely my intrest rate maybe 12%. 
  • Higher downpayment for 3 years = $300/month hopefully

Purpose of having a car:

  • Make my life easier
  • So I can have a 2nd job
  • So I can save money to move by the 2nd job