“Should I put savings down on the car or towards the loan principle?”

Item: Should I put savings down on the car or towards the loan principle?
Rating: 4
Author: u/AdPrevious5644

What Actually Happened

I'm worried about affording a nicer apartment and a new car

What I wish I knew

"To consider the long-term costs of both options"

Advice to Someone Facing This Now

If I could tell you one thing

"Weigh your priorities and consider long-term financial implications"

Regret Index

6/10

Clear regret.
The downsides outweighed what was gained.

SettledMixedSevere

Advice for Someone Facing This

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Discussion

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Finance Category

2,949

Finance decisions logged. Avg regret 4.9/10 across the category.

Same Outcome Band

of Finance decisions land in the regret band the same as this one.