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]I find much of this conversation to be incredibly odd, especially people's judgments about what cars say about people's financial habits and what the lifespan of a car is.  I have a 2004 Acura TL.  For some reason, people think my car is much newer and worth far more than it actually is just because it is a luxury vehicle.  I got lucky in that my incredibly generous father wanted an upgrade, and when I was looking to buy a used car, he offered to give his old one about three years ago.  I know this isn't most people's situation, and that is incredibly privileged but honestly the blue book value of my car is $7500 and it has over 100,000 miles on it.  So perhaps some of those Lexuses and BMWs you see around are older and worth far less than you think.  I also disagree with the assertion that the lifespan of the car has to be only 10 years.  That decade old, high mileage Acura is in great shape.  I think it will last another at least another 5, maybe 10+ years.  [b]As long it was maintained, I don't think a 5-6 year old used car is necessarily on its last legs.[/b][/quote]

I agree with this - I'm the "bragging" PP with the 5/6 year older car for 17k.  I still don't understand how one can even brag on an anonymous forum, but whatever.

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