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Old 03-21-2013, 12:14 PM   #100
rmjjensen
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Join Date: Jul 2012
Drives: 2013 Subaru BRZ Limited in WRB
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Unless you're truly happy at your current job, you need to go on monster and search for a new one. I also have a BS in Computer Engineering and my first job out of college at 21 years old paid 52k/yr (gross). When I was 26 I had doubled that and was making 6 figures.

For my first car, I was in a similar situation - I had no debt (although I did have student loans) and had very little expenses. I bit the bullet and financed my first car at a whopping 9% interest rate (I had no established credit - "student loans don't count"). You know what you can (and can't) afford.

Go for it, why not? And also, shop around for financing - don't just take the rate the dealer gives you - I will never make that mistake again. Credit is cheap now a days. People are bragging about paying for their car in cash - what stupidity. You could borrow @ 1-2% (on 20-30k the interest accrued is negligible) and instead invest that huge lump sum (mix of stocks and corporate bonds).

TL;DR; If you don't love your job get a new one, shop around for financing, buy the car!
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