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Throughout this thread I've argued that most people do not spend $40k on a car. That really shouldn't be controversial, since it's easily verified. If you want
by dionidium 11y ago
Throughout this thread I've argued that most people do not spend $40k on a car. That really shouldn't be controversial, since it's easily verified.
If you want controversial, here you go: a lot of people in this thread own cars that cost $40k and up on a salary that doesn't justify it. They think they can justify it. Everyone is telling them they can afford it. Their friends all have similar salaries and similar cars.
But they're spending too much.
http://www.financialsamurai.com/the-110th-rule-for-car-buying-everyone-must-follow/ http://www.financialsamurai.com/the-110th-rule-for-car-buyin...
- naveen99 11y agoAgree should spend less on cars, but you also need a dependable and honest mechanic who won't milk you on a used car. Also is driving for Uber really good financial advice ? And why do people use gross income. Should use net income. It's not like you can deduct your car on taxes.