<prompt> Human: There are 12,800 in my 401k and after taxes I would receive approximately 9,800 from cashing it out. I dont have very good credit so financing a car is probably out of the question. I could also cash out half of it for a car and leave the other half in there. I just wonder if there are any negative repercussions to doing any of this.  <response>: So if youre mechanical sound you could get an old beater honda for 800-1000 bucks. It will keep you earning more in a job till you can get one for around 5000. I have a friend who did this all the way through college. I am never a fan of dipping into savings. 