Daily FI discussion thread - Wednesday, July 07, 2021

My dream car since college has been a tesla, and now I finally have an opportunity to buy one outright, but I'm not sure if I should pull the trigger, take a loan, or wait entirely. I'm 24, and I've got $65k saved up sitting in cash and earning an acceptable amount of interest, currently drive a 2017 corolla with only cosmetic blemishes, and have another 60k total invested in work and Ira retirement vehicles. My gut says to wait until the corolla breaks down entirely and keep letting my cash accrue interest each week, but at the same time the used car market is wild. I'm getting offers of selling my corolla for $8k, which is 3k less than I paid for it when I bought it used and put 60k miles on it.

/r/financialindependence Thread