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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][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No more than 10% of your HHI. The more you make, the lower the percentage should go (unless you're a car person and fancy expensive cars bring you joy, but still don't exceed 10%).[/quote] So...240k= 24k or lower? Lol[/quote] Yep. Laugh all you want, but you can get a good car of any type for that price, and $240k HHI isn't exactly "I can have anything on Earth I want" territory, so it shouldn't shock you to shop wisely.[/quote] This is someone who likes cars, is shopping for something above “nice” and functional. No one is disputing that you can get a reliable, boring import for 24k.[/quote] You can get a fancier car for that price, too, it just won't be new. Sure, OP likes cars and is not shopping for a Kia, but OP [i]also[/i] asked for a reliable "don't blow your budget" benchmark for car purchases. This is it. So set a google alert for Acuras below $25k and get ready to bargain.[/quote] LOL, Acura has not been for people who like cars for a while, at least in the past 15 years or so. The last compelling car they offered for enthusiasts was the first generation TSX. These days they are selling SUVs to soccer moms and faux-luxury sedans to people who think they are getting a good deal and a reliable car. Read it and weep: https://www.consumerreports.org/car-reliability-owner-satisfaction/car-brands-reliability-how-they-stack-up/ http://www.jdpower.com/business/press-releases/jd-power-2018-us-vehicle-dependability-study[/quote] Okay, substitute for whatever brand you care about. Are you OP? What car do you want? What are your other obligations (student loans, mortgage/rent, CC debt, etc)? Or do you not actually want financial advice, just to scoff at the very idea of living within financial boundaries?[/quote]
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