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Old 01-06-2021, 03:22 PM   #5422
blue-sun
Scooby Guru
 
Member#: 15934
Join Date: Mar 2002
Chapter/Region: MWSOC
Location: Yorkville, IL
Vehicle:
2021 GTI
Cornflower Blue

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Quote:
Originally Posted by Compressed View Post
Came here to more or less post this.

The fact that you have you CC debt along with negative equity from prior car trade shenanigans screams keep your existing vehicle, take advantage of the extended warranty you paid for and use bonus money to extinguish debt. Then start a separate savings account and start putting a certain amount in each money that will be earmarked for next vehicle that you can pay cash for.

Sure the immediate satisfaction of new car won't be there right now but the later satisfaction of buying a car outright and of being in the black at least with regards to car and CC debt is so much more satisfying. The only reason I'd say different is if you were going to buy an EV and it was end of year and some kind of very meaningful state or federal rebate was changing.
Agreed.

I do want an EV to be my next daily driver.
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