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Reply to "Am I being unnecessarily cheap about new car purchase?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, we are similar. Our HHI is $350K and I drive a base Honda civic that I bought new for $24k. It's a bit tight for our family of 4. But spending $40k on a car at any income is foolish. [/quote] How ironic, you call others foolish for spending $40k on a car, but admit to having spent money buying something that doesn't really fully meet your family's needs for transportation.[/quote] Sometimes you have to buy things that don't check all the boxes because that's what you can afford. It's better than buying what you can't afford. No surprise the average American doesn't have $1000 in their savings account because they think it's reasonable to buy $40k+ cars. [/quote] Maybe they are buying safety and reliabilty in addition to comfort and the new car warranty.[/quote]
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