It seems frowned upon to purchase a new car, but that's what I did. In my defense, I had kept my first car ever for about 11 years and needed something more reliable for the snow and trips to the mountains of Colorado. I went with an Outback and the used ones were not much less, and buying new just made sense for me..
Having said that, my boyfriend and I purchased a home a few months ago.
While my savings account has about the exact $ I owe on my car loan, I would feel pretty on edge not having some emergency fund in case things went wrong with the house or I lost my job..
Should I dump some of my savings into the loan? I guess it's more beneficial to pay the loan than putting into my savings account as that is costing me money?
