Should I drain my savings?
-24M
-Excluding RSUs, I make around ~$250k annually but have only been working for a few months now in big tech in WA(graduated last year)
-No debt, modest lifestyle, save most of my money.
- 752 credit score - monthly limit >$70k across 4 cards.
~$35k in 4.2% savings and ~$5k in checking.
-Maxxed out my 401k last year, same plan this year.
-looking at a used $60k F90 M5 and curious how I should approach this purchase. Do I drain all my savings and spend next 2-3 month's salary into paying it off completely ASAP?
-Or should I finance it for 3-5years with 10k down, like everyone else does?
THANKS!