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Old 01-10-2003, 07:51 AM   #24
Mean
Scooby Newbie
 
Member#: 12116
Join Date: Nov 2001
Location: Northern VA
Vehicle:
2002 Impreza WRX
Sedona Red Pearl

Default

The WRX wasn't bad. I put $8k down and financed $15K for 3 years which is about $380/month. But with $1300 mortgage, no kids, combined income of close to six figures, 10% pre-tax 401K, 10% post-tax employee stock purchase, credit card of $2k/month (no debt here), and other miscellaneous expenses...

...I cannot afford a $30k car. Now if I were a leasing man...but I am not. We also have a 92 SE-R (autox car) and a 97 Impreza Wagon. They are paid for but I may be replacing the Impreza soon. But probably not until the WRX is paid off.

I think those that can afford the lifestyle don't mind living in debt. I am looking to refi the mortgage but not to lower the payment, only to shorten the term. Guys like that don't buy new $30k cars. We buy $15k used cars in a few years.

G
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