Reply to If you like cars, what is a reasonable car price based on income

Forum Index » Cars and Transportation

Reply to "If you like cars, what is a reasonable car price based on income"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][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]

NP but someone posted that Dave Ramsay said cars shouldn't exceed 50% of HHI. $100k for 2 cars based on $300k HHI follows that just fine... [/quote]

I’d like to see the Dave Ramsay comment linked and in context. It does not seem to go with his other opinions. DH makes $250k and I SAH and it would be tight to own $125k worth of cars and still meet our savings goals for retirement, college, and vacations. We spend ~$40-45k on the family car (mine) and ~$25-30k on DH’s and keep them about 8 years (but stagger them so we replace one every 4.)[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics