Active duty O1E in TN with spouse. Exempt from vehicle sales tax. Have Amex platinum, CSR, Navy Fed visa cash rewards ($13k credit line) and career starter loan at 2.99%. 800 credit score. $160k in savings/investments not including TSP.
Most likely buying a 2025 camry hybrid le for $30k. Because 50 mpg, dependability, new warranties. Dealership only allows $5k in credit cards, $10k in debit, rest in cash or check. What else should I be considering to maximize making a large purchase? New sign on bonus cards? If there are other dealers who will have higher limits? Spouse and I have only outright bought our cars, but should I entertain financing for the $500 college grad & $500 military Toyota discount and pay off early as long as there's no penalty?
No debt other than mortgage. Expecting first child in 8 months. Have 1 paid off 2012 vehicle at 200k miles averaging 25mph.
Best way to maximize new car purchase?
byu/FourFeetSoul inMilitaryFinance
Posted by FourFeetSoul
1 Comment
I would suggest not buying brand new car. Research the drop in value as you drive it off the lot. Trying going with a 2023 or maybe a 2024.