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Posted on 3/16/15 at 12:12 pm to JudgeHolden
This rule works if you buy used.
Lets say you make 60K.
You can spend 6K on a car per year. Save for your car for 4 years. Pay 20K for a new camry or accord and drive it for 10 years or 200k miles.
You only spent 20-24K on the car over 10 years which is 2.4K per year. Yes maintenance is more, but not much more.
Lets say you make 60K.
You can spend 6K on a car per year. Save for your car for 4 years. Pay 20K for a new camry or accord and drive it for 10 years or 200k miles.
You only spent 20-24K on the car over 10 years which is 2.4K per year. Yes maintenance is more, but not much more.
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