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Cars and Transportation
Reply to "If you like cars, what is a reasonable car price based on income"
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[quote=Anonymous]I'll say purchase prices of all household vehicles should max out around 3%-5% of HHI x number of years you expect to hold the car. So someone with a HHI of $150,000 who buys a new car every 5 years should max out at a car price ranging $22,500 to $37,500. If they hold the car for 10 years, they can splurge on a more luxury-type vehicle. [/quote]
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