06-26-2019, 11:50 AM
(06-26-2019, 08:34 AM)Jake Wrote: I'm with everyone else who says to NOT buy a house. You are young both in age and career, you want the flexibility to move around with ease. If you buy a home and don't stay in it for 5ish years, you'll be likely to lose your ass on it when you sell.
As far as the Jeep. You have a brand new longblock going in and the loan is only $15k? What else can you buy for $15k that will have a zero-miles engine and be a nice place to spend time? UConnect has proven reliable (check to see if yours needs a software update, yes that is a thing now) and the transmission is just a ZF box like everything else these days.
I spent my first few years out of college driving beaters that didn't have AC or heat and occasionally provided concern that I wouldn't get to work that day. Buying my Focus ST was a bit of a stretch but the benefits were worth it. You are in a pretty good spot right now and if you can afford the monthly payment, I think it's best to keep the Grand Cherokee for a bit and have newish reliableish transportation to get to your new job and out for fun on the weekends. The allure of a cheap beater-y car goes away when you can't network, see friends, or travel because you have to work on your daily.
Granted, I graduated college and drove a $2,000 535i with no heat so you could totally go down that route if you want.
My goal would be to get rid of that $15k loan altogether, and instead possibly buy a super cheap car that just does what it needs, and has a decently proven track record. That would eliminate the $15k loan payment, and free up much of the downpayment I put on the Jeep to have as savings, rent/mortgage payments, down payment, etc.. I don't know if I would be happy with such a bare-bones car, but financially I obviously would love it.
Current:
13' E92 M3 Comp | 05' Yahama R6 | 95' E36 M3
Past:
14' BMW 335xi GT | 06' Porsche Boxster S | 15' Jeep Grand Cherokee | 84' BMW 733i | 85' Honda Shadow VT700 | 06' Acura TL

