Hey /r/financialplanning,
After living in NYC for the past 5 years, my wife and I are planning a relocation to the Boston area in the next 4-8 weeks and need to make some large purchases. Specifically, we need to purchase a new (to us) car and a house. Since it’s a very short time frame, I was wondering if anyone could offer any kind of advice on the best way to proceed with these purchases in the way that makes the most financial sense.
Us: 34 years old Excellent credit (825+) No children Combined Income ~$200k a year
Purchases we need to make: House ($400k - $600k range, we have 20% to put down) Car (Used Toyota Camry, Hyundai Sonata, or Honda Accord) - $12k - $15k range. Going to put down $5k-$7k and finance the rest.
While I realize it’s probably a better idea to purchase the house first, we’ll need a car to begin transporting our stuff from NY. I will be staying with family in the area who has ample space so that’s not a concern. Never made a move like this before so not sure exactly where to begin. Any advice or tips would be most appreciated!
Thanks
Submitted April 17, 2018 at 11:24AM by ShippingUpToBeantown https://ift.tt/2JOoSHf
