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Reply to "how much income or how much savings would you need before buying a $40K car?"
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[quote=Anonymous][quote=Anonymous]If you supposedly can't afford 40k on your income, I am wondering who drives all those expensive cars? This thread, like so many others (making 500k while living paycheck to paycheck and wearing hand me downs) is just so much BS. People are like counting every penny while getting ready to spend 5 million dollars in tuition for some worthless degree 15 years down the road. We make 150k and will be buying BMW X5 when our old car dies. We can buy it for cash several times over but we would never do it, certainly not with these interest rates. Our old car is 10 yo audi A4, which cost maybe 35k when we bought it. At the time we made like 90k or something, though we lived in a much cheaper area. We have no debt. I find this whole forum crazy.[/quote] Amen. Not to mention if you are not yet a homeowner, a car loan helps build your credit. [/quote]
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