Financing a car isn't a decision that is solely based on the amount of money you have saved. I have a healthy rate of savings, but still decided to buy a new c

Financing a car isn't a decision that is solely based on the amount of money you have saved. I have a healthy rate of savings, but still decided to buy a new car and finance part of it. I'm happier and safer than I was in my old car, and the rates are pretty good. My V8 gets the same mileage my old 4-cylinder did, and hopefully I helped create some work by buying a model designed & built in Detroit. So, stop conflating living month to month with having debt. There is a happiness component that doesn't show up in your spreadsheet.