You don’t need to have your entire emergency savings fund established before getting a car, if you absolutely have to have one, as long as you’re saving adequately while you’re making car payments. And ultimately you need to recognize that a car is a lifelong expense, Liola says.
“You can get cars where the payment is going to be $150 to $200. It might not have all the features you want,” Liola says, but it’s a car. Of course, biking and public transportation are probably cheaper, so consider those options as well.