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Reply to "how much income or how much savings would you need before buying a $40K car?"
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[quote=Anonymous]I keep my cars 12 years, so my next car will be a +/- 40K car because I'll want features that are up-to-date, higher quality, and made to last longer. (And I'll want something that makes me happy to drive, since I'll keep it for so long). Over 12 years, spending 15K more on a nicer car than a less expensive one comes out to around $1200 more per year or $100/month, which is well within my budget (which is 1/2 your income).[/quote]
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