That’s a good question. I guarantee you I would. My cousin’s GF has a way worse credit score than me, makes less money than me, and is in significant more student debt than I am. She still got approved though, because she’s had credit longer than I have.This is off topic, but let's think about the banking system for a second. Assuming your credit score is as high as you say, you are being penalized for simply not having paid sufficient interest into the system. Yes, auto loans are risky with the recent spate of repossessions, but a loan is a loan is a loan and you've got a +700 credit score. It sounds like this bank won't even give you a higher interest loan.
You need to pay years of interest just for the "privilege" of paying additional years of interest. Ask yourself this, if you had a 600 credit score with 20 years of credit history, would you have this loan right now?
I’m old enough that I refuse to ask my parents to co-sign with me at this point. So f it, we’re gonna Dave Ramsey this ish and pay for it outright lol. The main way I plan to cut spending is by going out every other weekend instead of every weekend. And keeping my spending low during the week, of course.
Now that I think about it, a corporate emergency fund and a car are equal priority. Because if I were to get fired tomorrow, I couldn’t even get to another job lol. Basically, I’d be equally fvcked. And I wouldn’t have access to the rentals. Gotta have a car.
It won’t be flashy, but it will get me from Point A to Point B while I use the rentals on the weekend.
I’ll be really turning up at work while I save up for this car over the next 6 months or so I guess. That’s fine because I’d like a promotion next year anyways.