<prompt> Human: Im 21, In need of a new car as my current vehicle is not very functonal and could sell for around 5K, I am looking at purchasing a car valued at approximately 14000. I have no debts at this time, 6K saved, 2K in cryptocurrencies, and a little more money left over for bills and extra saving for a trip in january. Is it a good idea to get a loan out for approximately 10000 to purchase the new car now, or should i just continue to save until i have enough to buy it straight out. EDIT: if i get a 0 interest loan off family?  <response>: You should buy a less expensive car. Cars are a huge drag on your financial picture because they use fuel, require repairs, and depreciate very quickly. 14,000 - 10,000 means you are actually comfortable spending 4,000 on a car. Im sure it wont be the car you want to drive, but it will be the car that you are able to afford. 