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re: What's a practical amount to spend on a vehicle for a family of 3 IYO?
Posted on 10/3/16 at 10:06 am to PenguinNinja
Posted on 10/3/16 at 10:06 am to PenguinNinja
quote:
What's a practical amount to spend on a vehicle for a family of 3 IYO?
New 2016 Mercedes-Benz S600.
Only $192,915, but I'm sure you can haggle them down.
0
Posted on 10/3/16 at 10:06 am to Mr Fusion
quote:
How much is your household income? Will this be the only vehicle? How long do you plan to own it? Who are the 3 people (3 adults? 2 adults and a child? One adult 2 children?) How old are the children (car seats required? What's your priority? (Safety, looks, size?) How much do you want to insure it?
Holy shite you people take anonymous internet questions seriously.
I would have just said 25k-30k, that's reasonable OP, unless your an a-hole or broke.
Posted on 10/3/16 at 10:16 am to PenguinNinja
If you're looking to be practical and relatively thrifty, look at a Hyundai in whatever style suits you. Their warranty (along with Kia's) is hard to beat.
I always thought Hyundais were a cheap piece of crap. My wife has a relative who has run body shops for decades. He recently told her that Hyundais are built very well, even better than Hondas now. And I value the opinion of a guy with that type of experience rebuilding cars.
I recently had to buy my oldest prodigal son a car after he wrecked his bike. I was set to buy him a used car, and my father got me to look at the Hyundais. I was impressed with what I was able to get for several thousand cheaper than comparable American cars. I was VERY impressed with the dealership as well - it was one of the more pleasant car buying experiences I've had, and their attitude was similar to some of the high end dealerships I've dealt with. And the 5/10 yr. warranty sealed the deal.
And whatever you buy, please shop several dealers and play them against each other, even if it's just online. People on the Money Board are driving me nuts with this "Will Cover method" crap.
I always thought Hyundais were a cheap piece of crap. My wife has a relative who has run body shops for decades. He recently told her that Hyundais are built very well, even better than Hondas now. And I value the opinion of a guy with that type of experience rebuilding cars.
I recently had to buy my oldest prodigal son a car after he wrecked his bike. I was set to buy him a used car, and my father got me to look at the Hyundais. I was impressed with what I was able to get for several thousand cheaper than comparable American cars. I was VERY impressed with the dealership as well - it was one of the more pleasant car buying experiences I've had, and their attitude was similar to some of the high end dealerships I've dealt with. And the 5/10 yr. warranty sealed the deal.
And whatever you buy, please shop several dealers and play them against each other, even if it's just online. People on the Money Board are driving me nuts with this "Will Cover method" crap.
Posted on 10/3/16 at 10:37 am to BeerMoney
quote:
My wife wants a new car every 3 years. I Spend about 40k.
You should lease
Posted on 10/3/16 at 10:40 am to PenguinNinja
Be smart. Get a Kia, Hyundai, or Mazda.
Posted on 10/3/16 at 10:48 am to PenguinNinja
One month salary, after taxes, add a zero. If your wife doesn't work then you need both vehicles in that price.
Posted on 10/3/16 at 10:50 am to PenguinNinja
Posted on 10/3/16 at 10:51 am to PenguinNinja
practical - 25-35k
nicer - 35-50k
nicer - 35-50k
Posted on 10/3/16 at 10:53 am to PenguinNinja
There is a formula for good proper living , bro.
First, calculate your salary. (say $41,000).
Then promptly forget this number.
Then calculate the amount you owe on your single wide (say $27,000).
Double that.
Go buy a $54,000 vehicle.
First, calculate your salary. (say $41,000).
Then promptly forget this number.
Then calculate the amount you owe on your single wide (say $27,000).
Double that.
Go buy a $54,000 vehicle.
Posted on 10/3/16 at 10:54 am to PenguinNinja
quote:
practical amount to spend on a vehicle
The least amount possible would be the most practical. Now if you want options and features unrelated to getting from point a to b, thats not really practical.
Posted on 10/3/16 at 11:35 am to Gaston
quote:
One month salary, after taxes, add a zero.
That actually makes sense. Where did you get that from?
Posted on 10/3/16 at 11:43 am to go_tigres
Makes sense if you are trying to justify overspending on a vehicle..
Posted on 10/3/16 at 11:44 am to PenguinNinja
Every situation is different, but I'll give you my situation. Combined income, at least 150k. I'm in sales, depending how my year goes that could be 220k. The first figure is only my base, no commission. We have no car note. Our "new" vehicle is a 2012 Mazda CX-7. which has been tremendous. I also have a Excursion for vacations, tailgating, etc. My wife drives an old arse Nissan Altima and it runs like a top. I like what the other poster said about one months salary, minus taxes(I would also include any payroll deduction in that: ins. 401k, stock options, etc), and add a zero.
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