When is buying a new car worth it vs used? The…
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When is buying a new car worth it vs used?
The transmission went out in my 2011 Minivan, and I don’t think it’s worth fixing it. I’m in the car market.
Age: 34M, married
NW: $450K (350K in retirement, 100K for car fund, house downpayment, and emergency fund.
Income: $130K as a household
We are looking to have a baby in the next year. This is weighing into my decision. I drive my vehicles as long as possible to the point that repairs aren’t worth it anymore.
When is it better to buy new vs used? I would be paying cash either way. My max limit for a new car would be $30K.
#finance
source
The transmission went out in my 2011 Minivan, and I don’t think it’s worth fixing it. I’m in the car market.
Age: 34M, married
NW: $450K (350K in retirement, 100K for car fund, house downpayment, and emergency fund.
Income: $130K as a household
We are looking to have a baby in the next year. This is weighing into my decision. I drive my vehicles as long as possible to the point that repairs aren’t worth it anymore.
When is it better to buy new vs used? I would be paying cash either way. My max limit for a new car would be $30K.
#finance
source
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