I"ll try to keep this short, but with enough details so I can get some solid feed back from MMM community..
First off, HI my name is Joe and I am a recovering motorholic. In previous years if I mad $50K i'd have a $50K car (and sometimes a side motorcycle)....So stupid. PUNCH PUNCH
I'm off the wagon now, and drive a fully paid for (god I hope so) 1996 Toyota 4 runner..If I'm being honest it isn't normal its 100% brown rhinolined, lifted, mud tires..blah blah blah its kinda sweet and I love her. Runs like a top and has almost no issues especially for a 21 year old car. She's been the moon and is on her way back (moon is like 245K away, she has 255). There is no reason she won't make 300K miles.
However, she only gets about 12miles to the gallon, and I work 15 freeway clad miles from work (i've tried riding my bike, but I work at the airport and.....well you just imagine ridding your bike into a busy airport @ 7am)
What do I do? The lack of efficiency is madding to me but not other option (Sans MAYBE a 15K or less electric car has an ROI of under 2 years)
- Keep the runner till she dies
Finance an Electric car
Wait till you can pay cash for an electric car with over 150 mile range aka 2018 leaf.
OK so you can tell I want a leaf but I want it to be the smart move....
Quick facts -
$127k family income
no debt
small investment amounts
Basically if this were dave Damsey I'd be on "Baby step" 4,5,6.....But I'm not a baby damnit!
What do I do?