MachoGarage
MachoGarage t1_j6nyny5 wrote
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
MachoGarage t1_j6nyf2w wrote
Reply to comment by DarmokTheNinja in 401k loan for auto purchase? by [deleted]
It's a private party sale, which I could get a personal loan for at probably 10% interest and hit my credit report, whereas with the 401k loan I am paying myself the interest and the loan does not affect my credit
MachoGarage t1_j6nz8qd wrote
Reply to comment by DarmokTheNinja in 401k loan for auto purchase? by [deleted]
I would not pull from my emergency fund for what's ultimately a toy. Should I have the same view of my 401k?