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BoxingRaptor t1_iydsf3u wrote

Reply to comment by Concerned-23 in Am I/we crazy? In need of a reality check by [deleted]

Then it would be tough to give a good answer. With the numbers you gave, you'd be stretching yourself very thin. What happens if you have a several thousand dollar emergency repair on the new house?

Also, why do you need a new car? If I'm reading this right, you're just about to pay off the one you currently have. Why are you jumping into a new monthly car payment right away?

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Concerned-23 t1_iydt0i1 wrote

I mean with 40k collectively in emergency fund/home repair savings can’t that cover most major home repairs?

My current car is 11 years old and needs 3k in repairs. It’s on its second engine and it’s very unreliable

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BoxingRaptor t1_iydt6t9 wrote

What car? Make/model? What is the mileage? And what are the $3k in repairs that it needs?

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Concerned-23 t1_iydtjpf wrote

Hyundai Elantra. It was the worst decision ever I will never buy a Hyundai again. Needs new struts and something else that I can’t remember. Also has an electrical problem that needs fixed. Not to mention the engine could fail again as the engines are faulty but no official recall

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positev t1_iydvn2l wrote

Struts are easy and cheap. Regular maintenance

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BoxingRaptor t1_iydvp6q wrote

Struts are something you'll have to replace periodically on every car you'll ever own. That's called a "wear" item. The electrical problem is probably worth just fixing. And I wouldn't rush into a new car for tens of thousands of dollars just because the engine MIGHT fail again.

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Concerned-23 t1_iydw5xz wrote

When it does die again I’ll be stuck with no transportation. My car has left me stranded on multiple accounts. I’ve put nearly 10k of work into it and I’ve had it less than 5 years. Every time I take it in (6 months or less) I’m given another 2-3k in repairs. I’ve had mechanics and tow truck drivers tell me it’s a money pit

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