Anonymous
Post 09/08/2015 08:22     Subject: What price cars given these parameters?
Anonymous wrote:Spending on money on cars is like throwing it away. Get a good used car for $6-8k that has really good gas mileage.


lol what is that? A 15 year old Corrolla?
Anonymous
Post 09/08/2015 07:26     Subject: What price cars given these parameters?
Spending on money on cars is like throwing it away. Get a good used car for $6-8k that has really good gas mileage.
Anonymous
Post 09/08/2015 07:07     Subject: Re:What price cars given these parameters?
Your retirement is really low. To put it in perspective, I am 42 with 12 years Fed service and 8 years private sector and my retirement is about $800k , plus I have my pension and my husband's retirement (about $1 million) on top of that. How old are you and your spouse?
Anonymous
Post 09/07/2015 19:52     Subject: What price cars given these parameters?
Retirement savings is really low. Where's your money going?
Anonymous
Post 09/07/2015 09:37     Subject: Re:What price cars given these parameters?
Anonymous wrote:Obvi

Obviously, $40,000 is doable at your salary. However, I do think your retirement savings seem kind of low, unless you are both under 30.
Anonymous
Post 09/07/2015 09:35     Subject: Re:What price cars given these parameters?
Obvi
Anonymous
Post 09/07/2015 02:17     Subject: Re:What price cars given these parameters?
I recently had this same issue. I'm financially independent and can afford pretty much any car, even a Tesla that I thought about at one point. In the end, I couldn't see wasting a ton of money on a vehicle. Complete money down the drain even though I could easily do it.

In the end I spend in the low $30,000 range for a new Acura. Couldn't be happier.
Anonymous
Post 09/06/2015 23:19     Subject: What price cars given these parameters?
I think $40,000 each is reasonable. I personally hate spending more than the average price of a new car, which is about $30,000 now I think. Which is easy for me. Depends on what you want though.
Anonymous
Post 09/06/2015 21:15     Subject: What price cars given these parameters?
It depends on who will be driving it and what the need is. Its very hard to get a decent new car that is bigger (but I like SUV's with AWD so that is my reference point) under $35,000 so compromise and meet in-between.
Anonymous
Post 09/06/2015 20:57     Subject: What price cars given these parameters?
Anonymous wrote:
Anonymous wrote:You could easily pay $2000 a month for cars. I wouldn't frive anything less than an MDX at that salary.


And strangely enough that is what the $40k spouse wants - an MDX (will be low 40's.)


Go for it. I don't think that's an expensive car for your HHI, and it's a good car. It will easily last 10 years.
Anonymous
Post 09/06/2015 20:46     Subject: What price cars given these parameters?
Anonymous wrote:You could easily pay $2000 a month for cars. I wouldn't frive anything less than an MDX at that salary.


And strangely enough that is what the $40k spouse wants - an MDX (will be low 40's.)
Anonymous
Post 09/06/2015 20:41     Subject: What price cars given these parameters?
Anonymous wrote:How much cash have you saved up for a new car?


OP here. We always pay cash for cars. Based on liquidity, could spend up to $50k per car (not at the same time, we stagger them.) One spouse wants to spend $40k, one spouse wants to spend $30k.
Anonymous
Post 09/06/2015 20:40     Subject: What price cars given these parameters?
You could easily pay $2000 a month for cars. I wouldn't frive anything less than an MDX at that salary.
Anonymous
Post 09/06/2015 20:34     Subject: What price cars given these parameters?
How much cash have you saved up for a new car?
Anonymous
Post 09/06/2015 20:21     Subject: What price cars given these parameters?
HHI $300k
$2900 mortgage PITA (~30% equity)
No other debt
2 kids in public (no aftercare, mom works part time)
Public college accounts fully funded for both kids
$500k in retirement

Roughly what price range cars would you think is reasonable in this situation?