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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]OP here. We cars for transportation but we like to drive nice cars not clunkers. Our current cars are 8 years old and it is time for a replacement. Our HHI is $300k and we have no debt. We are looking to replace both cars. We would pay up to $50k for each. DH thinks that this is reasonable for people in our income range. [b]Based on most answers here, that doesn’t sound crazy. That’s only 33% of our annual income[/b].[/quote] Please point to the answer that told you 33% of your annual income on cars wasn't crazy. I'll wait. The correct answer is to stagger your replacements so you don't buy 2 new cars in one year and get cheaper cars -- or at least one fun car/ one reliable unexciting transport car as a compromise.[/quote]
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