Reply to At what HHI would you feel comfortable buying an $80-90k car?

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Reply to "At what HHI would you feel comfortable buying an $80-90k car?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’d do it now at 500k, just not a car person.

What would the payment be in something like that? 1.3k/mo with some money down? That’s just noise.

After all my deductions, including 2 401k, health, HSA I’m bringing in nearly 25k/mo. I’m not gonna miss 1300.[/quote]

If you need to do it on credit, you shouldn't be buying it. Seriously, I haven't had a car loan for 20 years. And don't give me any BS about your money working for you. The last 6 months have proved that's not the case.[/quote]

I always buy my cars with a 0 or low interest rate loan. Has nothing to do I do with needing to take out a loan. Please don’t tell me I have spell out the why to you.[/quote]

Good luck finding a 0% rate after the Fed hikes rates again tomorrow. Those days are over for a while. [/quote]

That has less to do with the Fed Funds Rate and more to do with a shortage of vehicles.  If the chip shortage eases and car manufacturing catches up and we hit a recession, you'll see all kinds of dealer incentives again, including zero interest.  They're better off selling the car than having it sit on the lot, even if they have to carry the note. [/quote]

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