New Car Purchase?
Need some advice if I'm ready to buy a new car
I'm 35 and been driving a junker I bought 6 years ago for $3,000. It still runs and drives fine but I'm finally at the point where I want to upgrade.
We own a home, I have no debt. And I have about $100K in retirement.
I make about 80K per year.
I'm looking at buying a 2024 Hyundai venue for about $18K.
I've always wanted to stay away from debt, I currently have about $15K in cash and should be landing a 5-10K bonus at the end of the year
Was think of using 10K I can put as a downpayment and finance the other $8K. I honestly think I could pay it off in a year after my bonus comes through. Or should I just wait and save up for another 6-8 months and buy it in cash.
Any advice or encouragement would be appreciated.
Thank you!
Posted Aug 29, 2026, 3:10 AM UTC