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Reply to "Cost of a car and HHI/NW"
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[quote=Anonymous]I bought my first new car at 42. All others had been used and they served me well. I simply promised myself that I will try to keep the car longer and take better care of it. So far so good. It cost $30k in all, including interest I paid on the loan. I wished for a $25k new car all in, but it wasn't that easy to find. I make $50k max on a good year. According to 20%, I had no business buying it at all. I'd think more about one's needs and ability to pay for it than HHI/NW. I even calculated how much the car costs me total with insurance, gas, parking,maintenance and it's about $25 a day after 5 years. Becomes cheaper as time goes by and I can divide the total by more years. [/quote]
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