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]What’s the difference between a 20k car on a 100k salary and a 100k car on a 500k salary? I don’t understand why people are scandalized by a purchase that isn’t expensive relative to income. [/quote]

You asked.  We are responding.  Do what you want to do.  It’s your life!

I’d personally rather travel really well and have other things….[/quote]

Well the person making only $100K needs a car. And really its difficult to get a decent new car under $20K (even worse in the past year conditions of chip issues).

It's a question of wants vs needs.  The 100K car is a want, the 20K car is a basic need (unless you live in NYC).  Both people can get the $20K car and have safe reliable transportation.  
But if your budget allows it you can get whatever you want.  I personally don't purchase "wants" with a loan or if I cannot afford to pay for them up front (ie I dont take a vacation that I don't have the $$ for immediately, I don't buy a $5K watch if I can't afford to pay for it immediately, etc).  [/quote]

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