Quote:
Originally Posted by shirker
Duly noted to all above points, I appreciate the advice guys. I already took into consideration/planned everything from maxing out my roth IRA and making 401k contributions when I start work, to growing my stock portfolio, to aiming for an 800+ fico (which the auto loan directly helps with). BUT, it absolutely never hurts to hear others reaffirm those points, especially when it could benefit others too.
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The better question is, do you even have work now?
There's so many ways to go look at this, but if you have no job lined up (or your work is contract and unstable), then you're assuming future cash flow.
Any type of finance (obviously) involves monthly payments, and that may be a problem down the road. I'm paying for the car up front, not because it's the best use of my current funds, but because I will have more money month to month for what I want to do over the next 3-5 years.
To each their own.
-alex