I am 53 married with two kids (22 and 19). I have an old minivan (10 years, 126k miles) that I use as my daily driver. I need the minivan to haul people or stuff about 2 times a month. When I need the van, I really need the van. I would like to buy another car as my daily driver and rent a carport in a storage facility that is adjacent to my neighborhood to store the van when I don’t need it.
I make 140K a year. My wife and I have no debt other than a 1800/month mortgage. I have about 550k in my retirement accounts and about 65k in CDs and savings account. My kids have have college funds that will enable them to finish school with no debt as well. (Older one starts grad school in the fall and younger one lives at home and is half finished with undergraduate.).
I’d like to buy a car that is around 20k. I’d use cash. I would not be opposed to getting a new(er) van, but what I use the van for tends to tear it up somewhat. It does not make sense to me to buy a 40-50k car just to beat up, so the old van is perfect, but I long for something a bit more fun to drive. Is this dumb?
I make 140K a year. My wife and I have no debt other than a 1800/month mortgage. I have about 550k in my retirement accounts and about 65k in CDs and savings account. My kids have have college funds that will enable them to finish school with no debt as well. (Older one starts grad school in the fall and younger one lives at home and is half finished with undergraduate.).
I’d like to buy a car that is around 20k. I’d use cash. I would not be opposed to getting a new(er) van, but what I use the van for tends to tear it up somewhat. It does not make sense to me to buy a 40-50k car just to beat up, so the old van is perfect, but I long for something a bit more fun to drive. Is this dumb?
