I want to buy a new car

Now, I know what you’re all going to say. That I should buy a used car, because as soon as I buy a new car and drive it off the lot, it will depreciate in value, blah blah blah. I know all of this. But I want to buy a new car just once in my lifetime. Then I will drive it until it falls apart. Whether I actually end up buying a new one is another story. Chances are I’ll balk at the sticker price and end up buying a used one (which is so typical of me). But I know what my preference is.

That being said, my current car is probably going to last me at least another 2-3 years. So I was thinking in the meantime, I can save up money so that I can buy a new car in cash. Or at least put down a very sizable down payment.

I don’t exactly know what kind of car I want to buy, but I do know what I like and what I don’t like. Plus, it’s easy to narrow my selection down to a handful of choices because my tall boyfriend doesn’t fit into a lot of cars. Obviously if I’m not looking to buy for another 2-3 years, I won’t really need to think about what model I want right now … I just want to be able to afford one without monstrous car payments every month for years.

So in the meantime, do you think I should set up a Car Fund? Then I can put money into it for car repairs and insurance for my current car, AND save up for a new one for the future. I like this idea because it keeps my car money separate from my general Savings Fund.