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May 5, 2015
3:20
:24
pm
db59840
How much cash do you have? Once I got out of my first car loan I never wanted to
go into debt for a car again.
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db59840
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db59840
Joined
Sep 14, 2012
Last login
Feb 12, 2016
Total posts
2,988 (2 FO)
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Messages
Author
Time
So, really, how much is "reasonable" to spend on a car?
CosmoK
5/5/15 3:09pm
For me it was based on how much of a car payment we could afford after figuring
supertux
5/5/15 3:11pm
How many miles will you put on it each year?
CougarEat
5/5/15 3:12pm
Likely 10k-ish.
CosmoK
5/5/15 3:14pm
Yes
supertux
5/5/15 3:14pm
Want facts on subjective personal finance decisions, you came to the right place
snowbird
5/5/15 3:12pm
He wants a car, not a motorcycle.
Bert609
5/5/15 3:25pm
buy a used whatever for around 13k in cash.
Jeremy
5/5/15 3:17pm
How much cash do you have? Once I got out of my first car loan I never wanted to
db59840
5/5/15 3:20pm
Why?
bluebloodedcoug
5/5/15 3:39pm
I like having more cash flow every month. I don't like paying interest. It also
db59840
5/5/15 3:42pm
RE: I like having more cash flow every month. I don't like paying interest. It
godawgs
5/5/15 4:01pm
I drive cars until they are dead. So I have a LONG time to save for my next car.
db59840
5/5/15 4:05pm
Some people don't like the emotional weight of debt
bluebloodedcoug
5/5/15 4:07pm
Do tell. Where are you getting an interest bearing account better than 2.7%?
wapiti
5/5/15 4:55pm
It depends.
Bert609
5/5/15 3:25pm
a lot.
BlueFrog
5/5/15 3:25pm
$$$$
Cougarealist
5/5/15 3:33pm
I view it like this...
RedlandsCoug
5/5/15 3:25pm
What utility do you need to get from the car?
quikryptonite
5/5/15 3:26pm
If I could justify a nice truck, I would.
CosmoK
5/5/15 3:35pm
Have you heard Dave Ramsey's take on this. I think it's actually good
Mayor of Cougartown
5/5/15 3:28pm
I feel like you can buy a reliable car for somewhere between
BoiseBlue
5/5/15 3:41pm
so true. some people are car people and that's how they want to spend their $$
Mayor of Cougartown
5/5/15 3:51pm
Some pretty big assumptions in that strategy
Jersey hunter
5/5/15 3:52pm
If you did the mutual fund in 2009 you'd be 2x richer.
wapiti
5/5/15 4:57pm
more like 3x
Superman21
5/5/15 6:46pm
I have a nice gently used 2013 Honda Fit Sport with 20k miles that you can buy.
PharmD
5/5/15 3:32pm
How much? Need a car for my college kids to drive
Jersey hunter
5/5/15 3:44pm
$53,400
kccougar
5/5/15 3:43pm
here's a way to buy cars without losing money on them
Jersey hunter
5/5/15 3:43pm
This sounds like black magic.
CosmoK
5/5/15 3:54pm
Great way for insurance companies to take your retirement.
Superman21
5/5/15 6:53pm
This honestly sounds like a terrible idea, IMO.
db59840
5/6/15 11:18am
How well do you know your financial situation/budget?
bluebloodedcoug
5/5/15 3:44pm
I pay only as much as I have cash for.
BearsandBulls
5/5/15 4:48pm
A good rule of thumb
Superman21
5/5/15 6:58pm
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