I think you're in a good position financially. Congratulations! But it's never a good idea to take on this kind of loan payment unemployed no matter how Bright the future is. If it's not mandatory I would not do it right now. Just my opinion. Good luck to you

Your parents are taking care of you financially and you have them as a safety net.

It would be pretty low risk to buy an expensive car with the cash you have.

Sure you can afford it, but buying a new car vs one 2 or 3 years old will extend your retirement a couple years.

You say your single, so what family do you need to transport? Don’t forget another chunk for yearly excise tax. I have lived in a city, you don’t want a new car in the city.

TLDR: You can afford it, but it is not the wisest decision to do so.

I was going to pay ~30 k down and pay off the other 15k on a loan

Your last bit about “right now” is ideal.

I should wait but i also want this car to drive me across the country for the move

My parents are actually very poor. They dont even work right now, drive, or speak english. They have their own expenses and finances sorted out comfortably but i wouldn’t expect them to take care of anything for me. Only provide me the free rent.

Im planning all the finances only considering my own.

Does that change much?

This is exactly what i feel.

I want this car. Its been what i wanted since forever, but it might not be the wisest. Also cities are bad for [ new] car, but my parents apartment IS in a NICER neighborhood

As for family, my parents are old, dont drive or speak english, and as they age more will need help getting around. Also i mean having a sedan for 10 years down the line for my own family.

As for buying used - yes, except i want the features in the 22/23. I can get these slightly used too for slight cheaper. Just put the new price for more conservative calculations and consideration

Not really. Frankly, when you are single and have no kids AND no crazy debt, your rent/utilities are your big expense. If that is being provided free of charge, that is a massive support.

You can buy it with minimal risk since you can live for nearly free whenever you are unemployed.

Yeah youre reiterating well what i feel are the PLUS for buying this. Just feels bad having a net outflow of money with no inflow in the short term. Feels dumb buying a car especially if i wont need to drive it to work for a while(haha unemployed)

Thanks for your views and thoughts :)

You can say that about any purchase past a Toyota Camry, rice and beans, and clothes from Goodwill.

You can make this purchase without risking your financial health because of your parents covering you when your employment abruptly ends or if you can't find employment soon. Whether or not this is "worth it" is purely based on how much you value cars over other types of luxuries.

Interesting, i guess as you said, i can be comfortable spending said amount on a “luxury” and thats exactly what this is. A luxury.

Ive been trying so hard to reframe it as a necessity (COPE) but this specific expensive car isnt necessary.

This helps me a lot with my decision making. Thanks!

Run your car a couple more years and then buy a used ‘23

This is ideal and what i would do normally, but i need a slightly bigger car too to move across the country, which is why im trying to lump in the car ive wanted anyways .

Im also really leaning into selling everything i have now including my car, FLYING home and then just waiting to buy the wrx when i get a job again

Let me get this straight, You have >$500k , no job, moveing cross country to live with your parents for free, your parents are poor and also have no job and you are asking if it is OK to spend $46k on a toy car just because you want it.... really dude, this is just sad.

Im confused? Why is this sad?

Im not that financially literate , and have a lot of conflicting pros and cons here. Im literally a child with adult money

My friends and family all have their bias personal opinions and i wanted an opinion from a community with a financial planning bias.

Ill need the car to drive my parents around, myself to work if its farther, and to move myself across the countrry. Also snowy mountains occasionally

So you think is dumb or no?

>Currently unemployed

I stopped reading here (not really, but it’s a good dramatic effect)

Can you afford the car? Yes. You look pretty good financially.

Would I spend the money on that car? No. Probably not. I’m a car guy. I work with the most unbelievable cars in the world. It’s fucking sweet.

I’ve had access to the best cars in the world. Listen. The happiness doesn’t last. You get the hit. It’s great. But the daily rush dies.

Part of it is ill be moving to a city with heavy rain and steep hills, occasional snow and mountains nearby. Overall just safer feeling for me and my loved ones with the better chassis, AWD, more interior space, better airbags and better driving assistance.

The alternative is a corolla or something as my current manual 2d isnt realistic

The unemployment is voluntary for about a year, but ya thats one of the major cons i have listed.