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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][quote=Anonymous]Silly premise. If you [i]like [/i]cars, then it is no longer transportation; it is a hobby. You spend on it whatever disposable income you have available to support your hobbies. For some, that might be travel/vacations, for others it might be expensive photography equipment, for others it might be a horse, for others it might be fine art, for others it might be a boat. If I spend $30k a year on vacations, and you spend $30k a year on an exotic automobile, does it really matter? We could both be making $200k - I'll be in Europe for a month, and you'll be driving around in a leased Lamborghini.[/quote] This is exactly right. I am firmly in the "spend no more money than basic transportation" camp, but I also know that everyone has different priorities. That $12,000 I spent going to Italy, and the $8000 we'll spend on a ski vacation easily could have gone towards nice cars. As long as you are (and I am) making sould financial decisions in other areas of our lives - savings, limited debt, retirement, 529s, etc. - what business is it of anyone's how we spend our disposable income. [/quote] Interesting that you omit charity from your list of "sound financial decisions." [/quote]
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