I need to buy a new car, preferably in May or June. I currently have $8,000 saved for a down payment. I think I can save another 4-6k if I really scrimp by the next few months. That way I can put down 12-14k on a new vehicle. I know logically that the market is a mess right now and that decent used cars are barely less than new cars. Especially in my market where I'm seeing some used cars with 80k+ miles being sold for more than the same model new. That combined with the fact that I want my next car to last me as long as physically possible, preferably about 10 years, means that new seems to be the way to go. But I'm having a lot of trouble with the idea of letting go of that much money. And then paying $250 a month for however many months. It seems absurd. I don't have much money in my general savings right now. More than most people my age, but not as much as I'd like. I'll be able to save a decent amount once saving for the down payment isn't my priority anymore, but still. I grew up pretty poor. And part of me would rather see that $14,000 stay in my bank account than be spent on a new car. But my current car is a hot mess. Convince me that spending the money is worth it.
Submitted February 28, 2023 at 11:43PM by Cute_Implement_1888 https://ift.tt/ZC3HTSR
