To buy or not to buy...sorry, blogish
#33
#34
You said you have loan on your 401k. You really need to pay that off before you consider buying a toy. That's smart personal finance. Your retirement is a need whereas the mustang is a want.
After that's paid off you can scoop up a well sorted low mileage used 13 without a depreciation hit OR be in a better position to take on more debt.
After that's paid off you can scoop up a well sorted low mileage used 13 without a depreciation hit OR be in a better position to take on more debt.
#35
You said you have loan on your 401k. You really need to pay that off before you consider buying a toy. That's smart personal finance. Your retirement is a need whereas the mustang is a want.
After that's paid off you can scoop up a well sorted low mileage used 13 without a depreciation hit OR be in a better position to take on more debt.
After that's paid off you can scoop up a well sorted low mileage used 13 without a depreciation hit OR be in a better position to take on more debt.
No I don't, but thanks
#37
I'd say that as long as you've got all the bases covered, go for it. As far as disability worries if you should get hurt... I have no idea what you do for costco, but I would imagine that an investment in gym time would help avoid back injury so that shouldn't be a worry...
Everything else, to hell with it. the 401k loan may just need to be paid off first if it is indeed a significant loan. Unless you're not looking to retire for a LONG time (I'll probably be one of those people as I can't just play golf and shuffleboard for the rest of my life), that loan should be taken as priority A.
However, if I were in your position and the loan wasn't a hefty one, I'd pull that trigger. Unless you're absolutely DYING for an independent rear suspension and maybe a few more ponies and a fresh design (including the interior), go find yourself a good deal and never look back.
P.S: I play battlefield 3, Forza 4, and some Halo. GT: MadStang40. Let's do this ****
Everything else, to hell with it. the 401k loan may just need to be paid off first if it is indeed a significant loan. Unless you're not looking to retire for a LONG time (I'll probably be one of those people as I can't just play golf and shuffleboard for the rest of my life), that loan should be taken as priority A.
However, if I were in your position and the loan wasn't a hefty one, I'd pull that trigger. Unless you're absolutely DYING for an independent rear suspension and maybe a few more ponies and a fresh design (including the interior), go find yourself a good deal and never look back.
P.S: I play battlefield 3, Forza 4, and some Halo. GT: MadStang40. Let's do this ****
#38
#39
My bad Convert....it's not the loan that will be the big jump (well, maybe not BIG, but still it's something!) it's the raises. My 401k loan is pretty teeny!
But, I see your logic.....if it's so small why not get rid of it.
Planning on it come tax return time!
But, I see your logic.....if it's so small why not get rid of it.
Planning on it come tax return time!
Thread
Thread Starter
Forum
Replies
Last Post
MustangForums Editor
Mustang News, Concepts, Rumors & Discussion
0
09-25-2015 06:30 PM