Hi, backstory:
-I am 25 years old, and currently drive an 05 Mazda6 wagon. Rusted out, burns oil and stinks. Makes me sad.
-I have a net worth of 44k
-I have a girlfriend who would go halfsies on a new car payment because she can't stand driving around in the Mazda, and she doesn't have a driver's license so I drive her around (we live together),
-I can't tell if I should spend 10k on some old Toyota, or just pay off 30-40k on a newer car over the course of 5-7 years.
I understand if you look at it purely by the numbers, that 10k is less than 30 or 40k. But at the same time, I am losing 10k all at once, or 1/5th of my net worth, as opposed to continuing to build my net worth with the slight negative that the car payments cause monthly. Am I looking at this the wrong way? I also don't want to waste my youth driving some piece of crap.
Submitted April 27, 2021 at 03:06AM by No_Sea_4522 https://ift.tt/3sTiq71
