[quote=“walter,post:18,topic:31275"”]
Don’t ask the financial guys, you wn’t like the answer.
First advice is to clearly pay off the student loan MUCH faster than 30 years, look at the cost of the loan even at the menial 3% and you’ll barf.
That said, its flex cash, and its yours to do what you want with. You don’t have a pile of debt, so buying toys is a luxury you get (no idea of your income level which is paramount in this discussion). However, if you can put down 50% I’d say go for it in a heartbeat without an ounce of regret.
If you can’t put down more than 25%, I’d probably change my tune though, even at a low interest rate, for a fun car, you should be able to pay for some of it up front, so you aren’t getting as hosed on the interest/depreciation combo lover.
I’m also assuming your SUV is paid off, and you make more than $80k/yr
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Truck has been paid off for years and yes + 10% bonus.
I will be putting 20% down (could do more if I play things right and don’t take the vacation I am thinking of)