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Cars and Transportation
Reply to "If you like cars, what is a reasonable car price based on income"
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[quote=Anonymous][quote=Anonymous]So cars these days are really about status symbols. Cars are so much better and more reliable that when you choose to spend more say over 40K for a new car you are choosing to make a statement rather than anything to do with longevity or performance. In this area, even a Ferrari will be stuck in traffic most of the time, so it becomes your call. Does 10K to 20K matter to you for a better brand? If so, and you can afford, it, why not, as you are basically just trading that brand for a vacation, your call. But if you think there is a strong correlation between how much you pay for a car and whaty ou will get out of it, well that seems totally wrong. [/quote] Perhaps, but when you factor in the difference over the years of ownership its sometimes easier to swallow. Example, we're looking for an SUV now. My wife wants a Toyota Highlander which would run around $45K. If I wanted something a little higher-end and spent $57K, the extra $12K would be a vacation for a our family of 4. But we also drive our cars for 8 years minimum (SUV we are replacing is 11 yrs old). So $12K over 8 years is $1,500 a year more, which really doesn't put a dent in our budget. Does it cost more, sure, could we have gone on a nice vacation, yes. But we're still going to go on vacation anyway. You may not get more out of the car in terms of transportation and basic comfort, but for some the sportier acceleration/handling, upgraded leather seats, higher quality materials are enjoyable.[/quote]
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