I have around $400k in my retirement and investment accounts, 34 years old. Before you ask why I don’t have more it’s because I just started at FAANG in non tech roles 3 years ago.
Tc: $300k
Yoe: 13 total, 3 faang
I want to buy a fancy $70k suv. I can afford the monthly payments however considering selling some google stock quarterly to pay for it. How bad is this decision?
My thought is I could save up further, either way though I want the suv. Even looked at used but prices are still in $60s and sky high right now.
Btw already have a home so no need for down payment and no kids in the future.
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comments
It’s not for everyone, but a lot of people who compare it to setting money on fire would be very surprised if they did a TCO analysis on their vehicles over time.
A good rule of thumb is that if you’ve purchased 2 or more vehicles over the past 10 years, you should probably compare the cost of leasing to the cost of buying and selling.