re: Is buying a $24k car on $50k salary dumb?

quote:

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As in buying any german vehicle is a bad decision?

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No. But buying a used one near the end of the warranty period is.

A. They're just not as reliable as they used to be. They're overengineered and finicky - particularly BMW, but Mercs and Audis, as well. Porsche probably a little better, but that's not what you're talking about now, is it?

B. Repairs on these thing remain pretty expensive. Although probably not as bad as in the 70s and 80s when, they were more reliable, but that was a good thing because they were cost-prohibitive to repair - almost so to maintain. But, still pretty stout expenses to repair when compared to a Japanese or American car.

C. IF you're making $50k AND want to spend $24k on a car - make it a used Lexus, or a new Toyota or Honda. Thank me later.