<prompt> Human: I dont have any debt and have 50k saved for an emergency fund. I drive a 2006 civic that has 200k miles on it and I know its going to need some major repairs soon. Should I just use 10k or 15k to get a used car that will last or finance a car if I can get a low interest rate? I dont think I should keep paying to fix my car if things come up as its not worth much by now.I know Ill pay more in the long run if I finance but it seems crazy to spend such a huge chunk of money.  <response>: Unless youve got some pretty gnarly monthly expenses, your current emergency fund is probably a bit overkill. If it were me, Id rename 15k of it as a car fund, and just buy the car in cash. Youll still have 35k remaining, which is still a good strong EF. 