I drive a 2006 Toyota Matrix with almost 300,000 km on it. I know it will last me but I don’t feel good taking it out of province. I have a chance to buy a 2011 Ford Escape will 100,000km on it, just had $5,000 worth of work done in December.
The new car is $7,500 I currently have $16,000 invested and $17,000 saved. If I were to buy this is would cut my emergency fund from 9 months to roughly 5 months. Is this a wise decision?
submitted by /u/k-throwaway-time