Hi all - wife and I have been working on hammering down debt and building savings this year, but have recently been presented with the opportunity to purchase a vehicle from a relative for $20-25k at no interest if we want to do it in installments.
It's a RAV4 that only has 3,000 miles on it, and is a couple of years old. Right now, vehicle 1 for us is a van that we are trying to pay off quickly (probably 2 years away from paying it off), and we have a beater 2nd vehicle that honestly might die any day, but is currently fine to drive to and from work in town.
I'm torn with the situation, because buying another new vehicle will take $200-$400/month that we could be funneling into savings or