87 months? Might as well lease. Most I can do is 5 years. Anything more than that...nah.

dont buy a new car bro

that seems reasonable tbh. you never know until you go to the dealer. worst thing they could tell you is no. you might get a high interest rate tho

just buy used. cars are overrated

what do you do for bread?

The debt isn’t worth it OP, trust me. Get an okay car with the money you were gonna get with the down payment. Then instead of having monthly payments that you were gonna have, put that money into long term growth stocks and buy it cash

what index funds do you invest in personally? I read this really good book called A Simple Path to Wealth, and have been meaning to begin starting investing with Vanguard (I'm 22 and used to regularly trade on TD Ameritrade).

Trust me you don’t need a 2020. People baby the f*** out of their i8s. Get a used one at least.

I mean if you can handle paying for a 150k car you might as well just get a used Ferrari F430, a lot of them go for 100k. If you wanna vanity vehicle go all out OP.

True I was wondering what upgrades the 2020 model had compared to older models besides less mileage

This tbh you could probably get a used bmw for less

Tbh probably nothing major. Realistically they probably ironed out any engineering weakpoints of the vehicle or any electrical bugs.

OP could be ballin in a used Ferrari or Lamborghini but wants to whip an ugly ass, overpriced bmw hybrid

The only pro I could think of is the 2020 could need less maintenance and you wouldn't have to replace the battery as early

I would suggest opening Roth IRA before you just open regular brokerage account.

I got VTSAX

Idk if maintenance is an issue because people barely drive their i8s except maybe 4 times a month max. Basically even if you get a used one it’s still under a power train warranty. So maintenance would be a non concern.

And you likely will drive it so little you won’t have to worry about replacing the battery anytime soon, or if you do, you probably were driving that thing into the ground anyways and a lot of other things likey have broke out of warranty by then.

Yeah heard many great things about VTSAX, I'll forsure have to invest in that.

I know a good amount about index funds but why would you recommend primarily focusing on a Roth IRA vs. a regular account?

I currently have a Roth IRA but it's with this financial advisor (I got one back when I was a noob to investing and didn't realize I could honestly do most the investing myself)

If you wanna be riskier continually investing into crypto would get you to $300,000-400,000 conservatively in 10yrs

no lmao.

tbh i wouldnt buy a car if i couldnt buy it in cash.

Or alternatively the Audi R8

Experiences will mean more in the future

Tax free

Once you get to your retirement age and the million/s you accumulated in Roth are tax free. No need to pay taxes on them.

In regular brokerage account, you will have to pay taxes on your gains when you withdraw money.

I was initially planning on investing index funds in both a Roth IRA & a individual brokerage, but damn from what it sounds like I might a swell focus my full financial energy on one huh?

Yeah that one is very risky

Wouldn't put too much into it, unless I was millionaire and didn't mind loosing some money.

plz dont do that to yourself op.

damn i didnt know people actually fall for this.

@OP you should really look more into personal finance

and for the rest of yall, this is why Affirm and AfterPay works

And the R8 is newer too lol.