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Reply to "Wasn't planning on needing to buy a new car this soon - 90k income - advice appreciated!"
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[quote=Anonymous]I would look at your budget and work backwards. I was in a similar situation to you a few years ago. I bought a mid-size SUV for $25K with just $2 or $3k down. My interest rate was minimal (2.5%) so I had no problem financing it to hold onto cash reserves. Fast forward 7 years. I met DH, got married, got a dog and had a baby. I still have the same car. It’s big enough for one car seat but I will need a new one if we have a second kid. I personally didn’t want to lease but it might not be a bad option. I would buy or lease for where you are today. If you meet someone and have a kid in the next few years you can always upgrade. It isn’t worth stretching your budget today! [/quote]
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