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Old 09-10-2012, 08:11 AM
tadtaggert tadtaggert is offline
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Location: Ohio
Join Date: Aug 2010
Posts: 476
Mein Auto: M6 F12
Originally Posted by Emilner View Post
I think that the number is quite low. A family making $200k a year can spend between $333 and $500 a month on a car? If you make $500k a year you should budget between $833 and $1250? It's impossible to say there is a correct percentage. There is a massive difference in cost of living from one region to another which will completely change how the numbers come out. Personal finances also play a huge roll. A person owns their home outright vs someone heavy in mortgage debt there will have a lot more disposable income...
Stealth is setting a bar that if more people moved in that direction they may find their life (at least the financial part of it) more stable. I'm continually amazed that overwhelming majority consider car payments an integral part of life. When you're younger, drive a car an extra year or two after it's paid off and save something. Later when you walk into a dealership you can just negotiate a good deal and write them a check.
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