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Wednesday, January 8, 2025

Does it make sense to pull out my investments to buy a car by cash?

Wallpapers | January 08, 2025 | No comments


I plan on buying a 10k-15k used car for the first time (Looking at Civic, Corolla, or Mazda3). My question is would it make sense to pull money out of my investments and pay cash outright or should I finance it?Here are my current numbers:Monthly Budget:Non-negotiable expenses: 1565Investment 1150Play Money 1135 (I dont use all of this most of the time and I invest the remaining)Debt:Student Loan - 18k at 0% interest (Payment is set to minimum amount)Savings/Investment:Emergency Fund 4k (Will increase to 10k after buying the car)TFSA 28k 95% on XEQTCrypto 2k via /r/PersonalFinanceCanada https://ift.tt/r2EnLGO



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