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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][quote=Anonymous][quote=Anonymous]So, back to the original question - husb and I make about $150k between us, no kids, about $70k still in student debt. I think we'd have to make about $50k more and be done with the student debt before I'd be comfortable with a $40k car. Husband was ready to spend that much on the last car we bought (we ended up getting a Kia Soul, which has suited us incredible well and cost about $20k altogether). Re: only buying a car if you have the cash for it - aside from that not being really smart financial advice, it's just not possible for some of us. We could probably live without a car, but our quality of life would go way way down. Life is full of tradeoffs, in other words.[/quote] We bought a car for $65K. But no way that I would pay all cash for it. Never know when you might need that cash. 3 year old .9%[/quote] new car... 3 year loan. No did not buy a car for our 3 year old.[/quote]
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