So if you had $50,000 to spend on a car...
But you don't have the $20,000 yet and..
the other $5,000 you won't get till tax return time and..
the other $5,000 is tied into your 401K and..
another $5,000 you won't get till you save enough for till the end of next year and..
another $5,000 you'll probably borrow from MOM and..
the last $5,000 you hope the bank will let you borrow so..
if you really only had $5,000 right now but wait....
$2,,000 is going to the mortgage
$1,000 is going to insurance
$1,000 is going to credit card bills
OK, so if you really only have $1,000 to spend on a car, what would you get ??
I'd ride the bus.