Quote:
Originally Posted by Ryephile
I feel that how much car you can afford is partly determined my how much of a car nutcase you are. Obviously, someone where cars are their hobby and life will be more willing to spend more on cars than on a bigger house, a wife, lol, or fancy other material things. There's some flex room in there. Naturally there's a point where you need a certain amount for basic necessities, but beyond that where there's disposable income; it's wildly variable for each person.
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Again, these are guidelines......and again, "quid pro quo".....if you spend an inordinate % of your income on a car , you will ultimately sacrifice something else important,regardless of whether you cut back on discretionary purchases ....maybe that bigger home that will yield you more equity, more retirement funds, more liquid cash... all vital things that build wealth......if you spend "about" 25% of your gross household income on a car, it will not make a financial impact that will alter your lifestyle now or in the future......