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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]What kind of car? Have you had a mechanic look at it recently?[/quote] PP. This too. If it is a car with cheap and easy replacement parts, may be better to budget for another 12-24 months of repairs and put that into the car. Especially if you want to keep the car for sentimental reasons. See if you can find a mechanic that works outside of the shop who may be willing to negotiate a labor rate if you buy the parts. Work up an estimate on what the cost would be over 2 years and compare Run to Failure Cost vs. New Purchase Cost vs. Maintenance to X Date Cost. Compare against cost/savings for the 2 aggressive loan plans. Good luck. And congratulations on your promotion! You're big time now, buddy. :D [/quote]
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