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Reply to "Cost of a car and HHI/NW"
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[quote=Anonymous][quote=Anonymous]Car value should be less than 20% of HHI? And you think this is too much? :lol: The median HHI in the us is 70k. The average American should buy a 14k car or less? Good luck finding a decent car for this price. Even with a HHI of 150k, you are looking at a 30k car. That's the price of a basic car these days. [/quote] The fact that cars are expensive does not lessen the negative financial impact of buying one that you cannot afford. Honestly a family making 70k should not be spending 30k on a call, and 30k is probably about where someone making 150k should be. What's wrong with a basic car? You can buy a Camry or Accord for 30k.[/quote]
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