I have 2014 Tesla S which which I recently had drive unit and battery replaced ($20k total). my friends all think I am nuts, but they all have $1k+ payments (some for 72m) while I haven’t had a car payment since 2017 and won’t have another one till 2036 :)
If your friends dumped $20K into paying off those loans they’d be a lot closer to paid off or maybe paid off completely, though. And that’s on a newer, lower mileage car.
I’m all for maintaining vehicles and keeping them on the road, but I don’t think you’re in a place to criticize your friends with $1K car payments after putting almost 2 years worth of those payments into a car that’s over a decade old.
Who paid the $20k?
What are you thinking about getting next?
How many miles?