[quote=“Nikuk,post:23,topic:31275"”]
(34,900 * .8 = 27,900) @ 4.9% SI over 5 yrs = $31,512 total note, and of course 34,900 * 0.0875 = $3,053 sales tax
Edu Loans 20k @ 3.0% SI over 30yrs = $30,355 total note
Applying Loti pmt $625 (loan & ins ~$100/mo) to edu loans: $20,766 total note & a 3.5yr payoff.
WHILE ALSO putting that $7k down payment into an online svgs acct for 3 yrs @ 5.05 (monthly compounding) = $8142 cash asset
Paying off edu loans with toy money = $20,764 in your pocket after three years.
Not counting many other variables such as MPG, maitenance, SUV DD vs. Elise DD, track days, etc.
Cliffs: Not buying this elise will be equivalent to a $3.32 per hour raise.
[/quote]
:tup: winner