Convince me to spend money: “new” car edition
So I’m in a situation where I need to either fix my current car or get myself something “new”. I’m leaning towards getting something else but I’m having a hard time making peace with buying something in this Covid car market. First off seeing car prices compared to 2020 and earlier, I keep flip flopping whether the prices might adjust back down any time soon or not, what are other peoples thoughts? Second off is it better to hang onto cash and be fearful of the economy or not? Interest rates seem to be way up on auto loans from their bottom, which sucks as I likely would want to finance something if I changed vehicles.
On the flip side I am debt free, and have been told it’s my time to be selfish before we have a child, so that makes me feel a little bit better about sending it on something. Have been thinking about maybe a second gen CTS-V or something with a V10.
WWBD? Downsize to one car (FRS) and hoard cash, spend a lot of money to fix and upgrade current “daily driver” car, or send it on a spicier ICE car for the next 3 or so years and hope the price of fuel and insurance don’t skyrocket.