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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Fearthebait on September 14, 2016, 02:06:03 AM

Title: Vehicle Conundrum - Returning to USA
Post by: Fearthebait on September 14, 2016, 02:06:03 AM
Hello,
   As a deployed service member, I am looking into buying a vehicle from Military Auto Source which buys directly from the vehicle manufacturer. They are offering me a new 2016 Ford Fiesta (Perfect car for what I want) for $15,500 OTD. I have cash on hand seperate from my investments to afford the vehicle without taking a loan, and they will deliver it to me at my duty station. I will be living on base about 5 miles from where I work and will be biking to work everyday. My main use of the vehicle will be traveling to Obstacle Course Races along the east coast so I can stop buying plane tickets/rental vehicles/etc. Am I wrong for wanting to buy this car? I would plan on keeping it for at least 150k miles, 10+ years.

Details:
-I have no debt
-About $12k in Vanguard, $10.5k in SDP which will go to Vanguard after deployment, maxing my ROTH TSP
-My bike will not be delivered to me until about 2-3 weeks after I arrive to my next duty station so I will need a vehicle right away
-Vehicle Insurance would be about $60 a month
-Browsing craigslist and dealerships online did not show many alternatives that MMM has suggested in the past (Older vehicle in 10k range)

Thanks for any advice you have.
Title: Re: Vehicle Conundrum - Returning to USA
Post by: Fearthebait on September 14, 2016, 02:38:56 AM
Yeah the stick shift would knock another $900 off the price so I will probably go for that. Thanks for the info.