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Reply to "Finally entering six figure land. New car or pay down loans?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Pay down your loans. This is not the time to buy a new car.[/quote] If the car breaks down on the highway in the winter, it is definitely time to buy a new car. But as PP said not necessarily “New”[/quote] NP. I strongly disagree. PP doesn't have kids or family. If car breaks down, he pays $200 to have it towed and calls an uber. The cost of an uber or alternate transportation allows him flexibility to literally ride his car till the wheels fall off. That is what I would do PP. Also, see if you can telecommute. There is also an option to rent a vehicle temporarily while searching. If you have good credit you may not need anything down because of rates right now. They won't be changing anytime soon. Definitely not before 12/31. However, this is the best time of year to purchase, because dealerships want to move inventory before the spring and close out their books with high sales numbers.[/quote]
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