Yea, that thing is hideous.
Tyler, you are a new dad with multiple kids. I'd highly recommend against spending $35k on a car...especially a sports couple. Unless you have a couple mil sitting in the bank you need to buy a sub $10k 4-door civic and bank the rest for the future. That Explorer isn't going to last forever. Are you thinking about financing a car? Don't do it. Especially after you just gained a mortgage. That is a formula for disaster and financial grief. I know, I'm an unpopular party pooper.
1993 RT/TT
1992 GVR4 474/1000
1998 Montero
^This man has some good words of wisdom. I might have to side with him on this one.
In my old position I would have agreed with you completely. I was working on my own and paying a mortgage while my wife was getting her Master's degree for Nurse Practitioner, and she had our twins in the middle of it all, so I did not have the luxury of spending money on a newer vehicle besides her Odyssey for toting the kids around in.
Of course, that was then and this is now. She graduated and is in a highly stable line of work making as much part time as I make full time, and I make a very good living on my own. Without coming off as a complete braggart, I could easily finance even a $70k car comfortably (especially with today's historically low rates), but I'd rather take that money and invest it and pay off debts while I'm still young.
to be honest, tyla, i wouldn't even consider financing a car period. and i'd be capping hers and my roth's at $5500 each before i calculated how much out of the annual budget i could blow on a car.
Wow, you just want suggestions on a car and now you are getting IRA advice.....
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