Should I do it?

[mrazndead]

been really thinking about picking up the model 3 Sr+..... I get 5,800 cash rebate in my county here in CA... takes the effective price down to 32k+. and then tax and fees ..

Should I cash out my stocks brokerage account and pay cash for the car or keep riding out the stock market for retirement? I really want the car ... but darn I would like to retire in 25 years ... .. what would y'all do?

the other thing I can do is cash out and pay off my solar panels...

thanks...

 

[Bhewks]

been really thinking about picking up the model 3 Sr+..... I get 5,800 cash rebate in my county here in CA... takes the effective price down to 32k+. and then tax and fees ..

Should I cash out my stocks brokerage account and pay cash for the car or keep riding out the stock market for retirement? I really want the car ... but darn I would like to retire in 25 years ... .. what would y'all do?

the other thing I can do is cash out and pay off my solar panels...

thanks...

I’d say it depends on your financing rates / terms. In Canada we are getting very low rates (2.8 % APR) so if your investments have a better return, I’d finance the car instead of putting that cash into an asset that diminishes in value.

 

[SlimJim]

leave the stocks alone. make payments. No job?

 

[mrazndead]

ok. I will leave the stocks alone to continue to grow.... that's the right thing to do.... I hate car payments not sure why it's s psychological thing..... oh well I will live through y'all.....

 

[OCR1]

What County offers a $5,800 rebate?

 

[Mattopotamus]

With interest rates so low, take advantage of a loan. With 2.8%, you will pay a few thousand in interest over a 72 month car loan. I feel confident you can make more than that with the money you are investing.

 

[Clover]

I would not advise using retirement funds for a car purchase before retirement. 25 year from now, you will unquestionably want the investment and the gains on that investment more then the car you had for a few years in your 40s. Your future self will thank you if you keep investing.

 

[The_Observer]

Cars won't be an investment for sure (for overwhelming majority of cases), but sometimes it's about having fun. This is more of a lifestyle question, only you can really answer for yourself.