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re: What is the most you would consider spending on a vehicle?
Posted on 4/17/17 at 9:28 pm to Eli Goldfinger
Posted on 4/17/17 at 9:28 pm to Eli Goldfinger
I make right around 50 and I financed around 22k with a 4k down payment. My interest rate is below 1% so I am fine with it.
1
Posted on 4/17/17 at 9:41 pm to Mossive
quote:
I know there are smarter ways of spending money, but why work so hard if you cant enjoy it a little?
This is my line of thinking. I love cars. I don't have too many hobbies yet though I'm still young (24 graduating next month). Going to get the best car my company car allowance will allow.
Posted on 4/17/17 at 9:46 pm to Jcorye1
I set my limit at 35k for the wife back in 2007 and had to move that limit to 50k in 2014 
Most expensive truck I have ever bought myself was about 30k until this year when I bought myself a 2017 F-250. Never in my wildest dreams did I ever see myself spending over 70K for a pickup truck. I will not finance anything over 35k so if I don't have the rest in trade or expendiable cash I will lower my budget on the car purchase.
Most expensive truck I have ever bought myself was about 30k until this year when I bought myself a 2017 F-250. Never in my wildest dreams did I ever see myself spending over 70K for a pickup truck. I will not finance anything over 35k so if I don't have the rest in trade or expendiable cash I will lower my budget on the car purchase.
This post was edited on 4/17/17 at 9:49 pm
Posted on 4/17/17 at 9:47 pm to Eli Goldfinger
I will always use this rule of thumb: the sum value of all my vehicles (including boats/toys/anything you would insure) will not be more than 50% of my annual income.
Posted on 4/17/17 at 9:49 pm to lilsnappa
Does that include stuff that is paid off?
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