Reply to How are there so many $60, $70, $80+ thousand dollar cars on the road??

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Reply to "How are there so many $60, $70, $80+ thousand dollar cars on the road??"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Audi A3 is $35k. Audi A4 is $45k.[/quote]

OP here - I wasn't thinking the low end models like A3 or A4.  FWIW, I'd much rather get a Rav4 than either of those.  My general comment was that I see so many VERY expensive cars on the road and don't quite fathom how there are that many people buying such cars.[/quote]

Many are probably stretching themselves thin, like many do for everything in life, to "keep up with the joneses"

Some are probably just fiscally smart.  We were making only $250K and bought our first vehicle with cash for $40K at age 30.  Once we did that, it was easy in 8 years for us to pay cash for a $55K vehicle (got $18K for the 8 yo car at CarMax)---you just keep saving $400-500/month in your "car fund"   So basically budgeting and living within your means for everything and including savings for retirement, college and other stuff in your functioning budget[/quote]

This is what we do.  I make a "car payment" into a HYSA each month.  We also pay for repairs and maintenance from that fund (but not gas or insurance).  It's a budgeting/savings device, and allows us to not worry about vehicle costs.  It helps that we are not car people - we buy new, and then keep cars for 10+ years.  [/quote]

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