6 Month Strategy for Car
About 3 years ago I knew I would be looking to purchase a new car in 3-5 years. I planned on paying for the car in cash and still do. Because of the 3-5 year time horizon, I decided to DCA into the S&P and I am now at a point where I have enough for the car in the brokerage account. I plan on buying the car in ~6 months and I am unsure of the best way to liquidate the account. I realize I may have waited too close to the purchase but I started listening to TheMoneyGuy about 6 months ago.
- DCA out over the next 6 months? (6 equal withdrawals, 1 per month)
- Withdraw all now and place in a HYSA until the purchase?
- Another strategy?
I also have gone back and forth on paying the car in full upfront vs. keeping the cash in a HYSA and withdrawing for each payment (assuming a low interest rate, potentially 0% on the car I plan to purchase)
Thanks for any advice!