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][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are at 250k and I am never buying a new car again. DH bought a used  car at my urging this year and I can't get over how he paid 17k to essentially have the same car his sister paid 45k+ for just by getting it a few years older.[/quote]

this just dawned on you????[/quote]

But he lost years of driving it?
How many miles when he bought?
He lost all that drivability. 
Plus, his years of ownership will have more years of repairs.

You urged him to guy the same car as his sister, competitive much?
Oh, wait, you lose. You bought the OLD car.[/quote]

The research is pretty overwhelming that if your sole goal is to minimize  cost, buying a slightly used car and driving it into the ground is the most economical.[/quote]

Oh I agree slightly used, but what she describes is likely not.
A car that is 45K plus, doesn't go for 17K after 2 years lol.[/quote]

Its not the identical make / model but both are SUVs with near identical specs.  and its not 2 years - try closer to 5/6. But for a car with low mileage that we'll drive into the ground, a good call IMO. And sure, we know there will be more repairs, etc. The point is I'm not willing to pay 30k more to avoid the potential pitfalls PP describes. [/quote]

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