out of experience... 401K is YOUR MONEY... Yes its used for retirement but if you need it, Why not use it.
In order to have atleast 8,000 you would have to get around a 12,000 401K Loan... Only because you do Get Taxed on it.
People are going to Tell You its not a good Idea... But if you need it, go for it, the only thing with taking money out of your 401K is that you get FINED for taking money out of your 401k too Soon, that means youll have to pay another 1,000 to 1,500 which will be applied to the already 12,000 to pay back within a 4 to 6 year Period.
Truthfully its been 5 years since the last time i borrowed money from my 401k, and I paid it off in 3 Years (10,000)
For 2008 I plan to take out atleast 20,000 to get a 2 good Cars for me and my Husbnd and pay off some Credit Cards.