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All Forum Posts by: Tony Shishido

Tony Shishido has started 1 posts and replied 1 times.

Starting Out

Post: [Investment Opportunity] Which option should I choose?

Tony ShishidoPosted
  • Posts 1
  • Votes 0

I’m presented with an opportunity to buy a car that’s worth $26k market value for $10k, $3k down, no interest, repayment whenever.

I currently own a 7yr old car w/105k miles that’s worth equal the $3k down. I also have a $16k education loan @ 6% which I’m paying monthly.

What option would you choose?

A. Keep own car. Sell the deal car at $26k, pocket $13k and invest in real estate. Continue to pay education loan monthly.

B. Keep own car. Sell the deal car at $26k, pocket $13k and put it all towards education loan. Continue to save lump sum for real estate investment.

C. Sell own car, pay $3k down and take the deal. Continue to pay down education loan while saving for real estate. Pay $10k for the car whenever.

0 Votes