Don’t do it. Take the money you were going to blow on the Burb and save it up. In 2 years, let’s say you saved an extra $10-$15k, see if you feel like parting with actual cash on a vehicle then. Or, will you be thinking about a house? Or, will you be thinking about schooling, or kids or wedding etc. I know I am being a party pooper, but within the first year of graduating from university I went out and bought a 4dr Jeep Unltd Sahara. Awesome vehicle but I wish my parents talked me out of it. My payments were $500 a month and after 3 years I was lucky to be able to walk away from it without being upside down when I traded on my 4Runner but I always thought about what else I could have been doing with an extra $200 or $300/month if I bought a more reasonable vehicle with a lower monthly payment.
Anyway, I make a lot more money now and I would have to think about whether I would want to drop that kind of cash on a vehicle again. Payments suck because they reduce cash flow, and cashing in investments suck too because the balance sheet drops. I like my net worth going up every month so it’s a tough one for me personally.
You do only live once but I would get some assets built up first so at least you have something!
Anyway, I make a lot more money now and I would have to think about whether I would want to drop that kind of cash on a vehicle again. Payments suck because they reduce cash flow, and cashing in investments suck too because the balance sheet drops. I like my net worth going up every month so it’s a tough one for me personally.
You do only live once but I would get some assets built up first so at least you have something!