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Old 09-10-2012, 06:22 PM
jammat jammat is offline
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Join Date: Jul 2006
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Originally Posted by Stealth.Pilot View Post
It is low, although most families have 2 cars.

But you are right, net worth, whether you paid off your mortgage, regional factors etc. make a big difference.

Nonetheless I would discourage a young person from spending a lot on a car. The value of investing for young people is very high.

I find that cars is where most people piss away money and struggle later in life.
If I have 100 or 150k less when I retire to drives cars I like, I don't care. Who says I will live long enough to enjoys that money anyway? When I am old and rigid I wont need a car so less expenditure there, I will save the car payment then to make up the 100 - 150k. It's a trade off as long as you have enough income when you retire, you may choose to save a little less now.
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