MachoGarage t1_j6nyny5 wrote on January 31, 2023 at 5:57 PM

Reply to comment by CrazySteeeveee in 401k loan for auto purchase? by [deleted]

I should have clarified its a private party sale of a very in demand "classic" 90s vehicle which should not last more than a couple weeks for sale, which is why I can't rely on saving a few months

DarmokTheNinja t1_j6nyyqj wrote on January 31, 2023 at 5:59 PM

How do you not have $15k in an emergency fund? Hell, I have that available and I make a small fraction of what you do.

MachoGarage t1_j6nz8qd wrote on January 31, 2023 at 6:00 PM

I would not pull from my emergency fund for what's ultimately a toy. Should I have the same view of my 401k?

ReddSaidFredd t1_j6o05k7 wrote on January 31, 2023 at 6:06 PM

Yes you should.

DarmokTheNinja t1_j6o39er wrote on January 31, 2023 at 6:25 PM

You refresh the emergency fund in like two months. This should be easy math.