Yea, except for the part where you’re paying 12,000 more over the course of a 7 year loan and the new car warranty ended at 4 years leaving you with a higher payment and you still can’t afford repairs.
It can be rationalized with emotions, but not financial sense.
If you don’t have access to cash or credit to take care of car repairs, the last thing you want is to be paying a car note on a car that you can’t afford to have fixed.
As far as four vs seven years. You’re hoping that you can figure something out in four years.
It can be rationalized with emotions, but not financial sense.