>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.

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No; putting 5200 will withhold 200 more each paycheck than the NORMAL withholding on a paycheck. Not a total of 200 per paycheck.

So you may need to see by how much you overpaid this year, and use that figure.

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You can also call the company or companies you have the cards with and ask for a lower interest rate

Sounds like you care more about your job than your management team does. View things as they are, if slacking is part of the culture , accept it.

Remember it's just a job while you are in school, it is not your career and not your company. In the grand scheme of life , this job is just a paycheck and nothing more.

Of course the other option is to get another job if you prefer that choice.

Student loans aren't always a low interest rate debt like most would expect, especially on private student loans. Not sure if it was the 13% rate OP mentions or another.

I agree. People don’t take the time to understand the rules then get pissed when they do something not knowing what the consequences will be

No you don't. Its only for filing you have to be accurate. Its always best to get a refund vs pay. My Salary and income varies quite a bit. But increasing your dependent by 1 will help, and add or subract each year depending on how much you need to pay or get back. If you have not enough taken out you could get penalized. I always shoot to get back $1000.

Certainly not your only options. Another is a new trade, job, higher paying company, etc.

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Then there’s no quantitative reason to pay it early

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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?

People tell you no because of long term compound loss. Imo short term 401k loans with job stability that can clear mental health from stress are fine. Especially in a questionable market that could very well trade sideways or decline. Though, if the credit card debt was induced by spending problems vs life issues then that needs fixed first.

No discount for paying in full. No interest for payments.

People never read the terms. Then they get laid off and blame the IRS for huge tax bill.

Not a good idea to take from 401k

Yep, credit unions are nasty for that. Private lenders like chase, not so much. Mustang was financed through credit union. Prepayments beyond $1000 were not allowed. No more than 2 prepayments a year.

Thank you so much!

Because my main has posts about jobsites ive been on and this post could really start identifying the company I work for/ me as a person?

“I sold my primary house too fast so I could maximize the profit! And somehow the profit evaporated since I cannot pay the $20k unexpected tax. No, I didn’t use that profit to buy my current house - I owe $272k on a $280k house haha. And I don’t have much in savings. Despite being in a tax bracket that means I make At Least $231k/year. And having comparatively tiny student loans.”

I am so confused. Do they empty any savings accounts and investments and light their money on fire quarterly?

Use your once-in-a-lifetime tax forgiveness option. That's how I avoided 60k in taxes I owed last year.

Ok perfect! That’s good to know that, I was worried if it would be weird to invest in two different TDFs

A vehicle being new unfortunately doesn’t mean it’s reliable, my father just bought a new gmc Sierra which had lifter failure at around 1900 miles.

I’ve found it’s best to buy a used vehicle that still has a decent amount of warranty left. You avoid paying the depreciation while still being able to keep the best feature of a new vehicle. I know you’ve noted your issues with warranty in the past. Here’s what I’ll say, not all dealerships are created equal if you often show proof of the issues via video or forums that have similar problems this will Help.

Almost every vehicle has some common issues none are perfect but you can do your research to understand the common issues before they happen.

Yeah, it was weird that the only TDF that my employer 401k had was just Vanguards even though it’s managed by Fidelity. But thank you so much for the input! Didn’t know about the fees so that’s nice to know, going to follow your advice with doing a different TDF for my Roth IRA! So the Fidelity Freedom Index Fund 2060 is FDKLX, correct? Just want to make sure!