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]Funny, I have a similar dilemma. I have an 11-year old Mazda Protege5 and $35K in cash (after emergency fund, college savings, 401K etc) to spend on a car. I thought I'd buy Lexus CT - efficient and reliable hatchback with a little bit of a status. And then I saw Mazda3 hatchback and totally fell in love. The design, the sporty handling, the stick! And it's half the price of Lexus. Or... is the price really a positive? That's my dilemma.  Should I buy the more expensive car for status (I'm pushing forty and we do have a 200+ HHI) or stick with the car I love and have some money left over?  I never even thought I would be in this position, but here it goes - status is an important factor in buying a car, even for people like myself who have long managed to disregard it. [/quote]
We just bought the Mazda3 hatch stick shift.  Total out the door price less that $25k (including grand package with nav, Bluetooth, Bose speakers, pandora radio, etc.)  And it handled great in the snow. Love!  [/quote]

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