Quote:
Originally posted by Mean
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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Not to get into your personal business, but there are plenty of people in your situation who would rather cut their monthly credit card bill to 1800 from 2000 and up their car payment from 380 to 580 and be driving an STi. It's all about priorities, and I'm certainly not questioning yours in any way. But, theres' a lot of ways to spend money. I prefer buying $15k used cars also, but in the case of the STi, I'm willing to make an exception.