Reply to Finally entering six figure land. New car or pay down loans?

Forum Index » Money and Finances

Reply to "Finally entering six figure land. New car or pay down loans?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Thanks, it looks like the general consensus is savings + loans.

The car thing is a calculation that’s been in the back of my mind since I’m wondering where the tipping point is when it’s more expensive to maintain. It’s a 2005 Civic, 190,000 miles and change. And it does have sentimental value. Im fine with it, but not if I have to keep replacing parts, and not if I run the risk of breaking down at the worst possible time (like on my way to my new job once were all back in the office). I was wondering if the zero rates now would make it a better decision to buy the car now versus eventually later.

The loan thing is a burden for sure and I want them to go away one way or another. I never made enough money to pay more than the income based plan minimum, which led to interest making the balance even higher. If I can live the same lifestyle making $110K as I did making $75K (yes - enormous raise, different job and different industry), I can catch up. I’m still very young. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics