Quote:
Originally Posted by Jason14h
Considering the hit on your budget is fine. But I can sell you a $100,000 car that fits into your monthly budget. You will just be paying me until you die with interest (relatively)
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Ya, that's where taking the cost of the loan into consideration is important. OK, so my disconnect isn't as bad as I thought.
I do need a new car, and I could certainly pay for a brand new one in cash, just struck me as not doing it right I guess? Put down a healthy down payment, make sure the monthly payments fit into my budget and then invest a good chunk of the remaining money.
And I would almost certainly by used. 2 yrs old is perfect I think.
At times I feel like I have to much sitting in the bank doing nothing productive but the though of just dumping a majority of it into a new vehicle strikes me as bad use of resources.