5 yr. Car loan

[tachikaze]

if I need to make a few car payments towards the WRX, the loan will only be for 1 - 2K

 

that looks like a pretty bizarre plan.

 

Since you are paying interest on your $12,000 balance on your current car, you should proceed to pay that down at all possible speed.

 

After you get clear title to the Legacy you will be on Easy Street as to looking for new cars. But note that once you have no car payment you might want to keep it that way.

 

Then again, you're young so you're allowed to make mistakes; if young people didn't have money burn a hole in their wallet the global economy would grind to a halt.