<prompt> Human: I was in an accident recently and my car was totaled, so I need to buy a replacement car ASAP. With the insurance settlement and my existing savings, I could pay cash for a 4 year old car Im aiming for 2014s, but I would only be left with about a month and a half of living expenses in savings. I currently have no debt and am mid 20s single male with a mid-low 700s credit score. Since I dont have much of a history with lending Ive had a credit card for 3 years or so, my bank declined my application for a loan maybe I asked for too much?. I imagine I will likely be able to get a loan through the dealer, but without the extra leverage, Im not counting on having good interest rates. If I loan, I will be putting 8-10k down and paying it off aggressively.But like I said, I could pay cash. I just wouldnt have a whole lot of savings left and wouldnt get a chance to build up my credit for some time in the future when I want to buy a house.Advice would be appreciated. Are there any lenders you recommend to give me leverage with the dealership?  <response>: maybe I asked for too much?How much did you apply for? What do your incomeexpenses look like?I will be putting 8-10k down and paying it off aggressively.If youre able to put 8-10k down, you could also look for something a little older and buy it outright. 10k can get you a solid used car.Its my opinion that most people spend way too much on cars. If its not a hobby or not comfortably affordable, its too much. That said, without any further details on what the rest of your financial picture looks like, its hard to say whats a good idea. 