Hey All,
I’m currently leasing a vehicle that I really like; A 2018 Toyota 4Runner TRD Offroad. I’m thinking about either 1) purchasing the vehicle at the end of the lease for $28,000 or purchasing a new Toyota Tacoma for $35,000 when I return my 4runner.
I have a healthy 6 month emergency fund of $25,000. No debt. And around $4000/month in expenses. I bring in between $8000-$10,000/month pre-tax. I own my own business and with deductions my tax burden is minimal.
I currently have 34 more months on my lease and I’m putting away $1000/month in a high interest saving account to purchase a new vehicle.
Is purchasing a $35,000 vehicle a smart move with my income and expenses?
I’ll add that I must have either an SUV or Pick Up for my job as I carry a lot of equipment to sites. I also need my vehicle to be nice-ish and modern for when I meet clients.
Submitted June 29, 2018 at 08:02AM by Fuck_ye_reddit https://ift.tt/2yUaOKV
