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How much should your car be worth compared to your annual income? What's the reasonable amount without looking like a try hard?
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Fortunately this question is easy to answer because everyone's financial situations are all identical...
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Depends
If you're in debt you are a poorfag and you should be driving a poorfag mobile until sorted.
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>>19129214
My car: $4000
Income: $0
Ideally your car should be worth 30% of your income for one year.
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>>19129214
If you have a salaried position, I find most people drive something around however much a year's salary is. If you're hourly, drive a shitbox.
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It's hard to say because the value of the car doesn't incorporate the cost to own, (repair, fuel, upkeep, etc.)

I say 15%.
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>>19129214
I made like $5000 last year and own a paid off car that was $25k when it was new in ‘13. Probably worth $12k if I traded it in. Fite me.
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>>19129214
I bought a ten yo Silverado for $11k Can...I make around $55k a year...works for me...
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>>19129236
30%? Shit then I'm way under budget. I make 55k a year but my car payment is only $1000 a month. That means I could afford like a CTS V.
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>>19129266
>$1000 a month
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>>19129246
FoST?
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>>19129274
I know right? That's just 20%, there's a whole nother $400 a month I could be using.
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>>19129279
Lmao no, mom’s hand me down escape. Somewhat close though, same platform, same engine.

Can’t say no to a free car though
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>>19129214
if you have to ask this question, then you are too poor to afford anything nice. just get a 3k civic like everyone else.
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>>19129266
>that boomer with $1000 a month car payments

What's it feel like to be sucker?
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>>19129285
There's a big difference between value and cost to own
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>>19129320
Well I drive a really nice car so I guess it feels really nice.
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>>19129320

>that 15 year old boomer who thinks monthly payments have anything over APR and loan term
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>>19129236
That would mean the average American individual couldn't even afford a Mitsubishi Mirage, or a Ford Fiesta. The average family could have 1 Kia Rio.
So yeah that's an impossible measurement to use. You'd have to be in the top 1% to afford a Mustang GT.
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>>19129214
Last years income: $33,000 USD
Current yearly income:$38,000 USD

Cars: 1994 Accord Wagon, 215,000 miles
1989 Bronco II, 133,000 miles

Purchased Bronco for $750, non-running
Purchased Accord for $2260, ran and drove great back then but I beat the shit out of it on the local Togue over the last 3 years, needs a motor rebuild and steering and suspension work.

So yeah, combined my cars are worth like $3,200. But I'm an enthusiast, home mechanic and a hobbyist so I'm not a regular example.
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>car dealers faces when I have a $73,000 income and two cars that I paid a combined total of $9000 for
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>>19129363
They don't care, there's plenty of suckers who AREN'T you and will continue to partake in the same old habits that will keep them in their low income social caste forever.
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>Make 36k a year
>Drive 24k Taco
>+6k Trans am.
I am doing a 72 month payment for the taco, so my payment are only 250.

I've got student loans, phone, car note, rent, bills, planning a wedding, insurance, and all that and I still have $1300 a month for food and gas. Just manage your money well OP. I'm not great at saving money due to project car, but if I got rid of it, paid off my student/engagement ring loan, I could easily afford a 550 car note. Hell, I could afford it now but I've got an inner Jew.
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>>19129214
It depends but even a poor fag car can be fun and economical

You can get a miata for 4k or less and a mr2 for 5-6k
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>>19129376
Unfortunately this is true. I know a guy who got suckered into a 25% APR loan on a 350z despite my repeated attempts to dissuade him
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>>19129266
I pay 160/month and I doubt your car is 8x as fun as mine
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>>19129339
>pays $1000 per month on a car
>i...it feels nice

To be this much of a cuck to the banks
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>>19129363
>your face in 4 years when 90% of cars are cuvs, suvs, and pickups, and your cars become increasingly more expensive to maintain because parts start becoming more scarce, the used car market has become more expensive because there's no new cars available to buy and demand has sky rocketed, and you can't see anything because you're always surrounded by Stacys in their giant vantrucks that would obliterate your car in a collision
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>>19129393
It can do 0-60 in under 4 seconds so yeah I bet it is.
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6 grand, i make 35000 p/a

Its a shitty old plymouth tho, my daily only cost 800 bucks
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>>19129383
>learn to manage your money anon
>from the guy with a 72 month payment for the car

Are you trolling or legitimately retarded? You should not plan a wedding or thinknto procreate until youre less of a retard who gets suckered into a 72 month payment.
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>>19129403
>tfw i've started to hoard shitbox parts for this eventuality.

soon... i will truly KNOW WUT I GOT
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OP, I make 55k/year and just bought a brand new 2018 WRX STi

Make sure you put a big down payment.

Otherwise don’t be stupid like me lol
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>>19129398
Yeah you're right I bet it feels much nicer to go to work every day, drive around in my beat up old shitbox with no AC, eat rice for 3 meals a day, and sleep with the windows open and the fan on. But hey, at least you show those big bad banks who's the boss. Stupid little cuck me over here with my 2.5% interest rate and my fun car.
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I feel like an ecoboost ‘stang fits the bill for me no matter what. If I wanna get flashy with it I can buy a carbon fiber hood
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>be me
>budgeted $600/month for a new car
>had a choice between a used accord that I could pay off in a couple years but look like a cuck driving around in and be miserable
>or a fuckken brand new stang GT fully loaded with just a 120 month loan for the same price
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If you're a normie your car should probably be less than half what you make in a year. If you're a normie in debt even less than that. If you're not a normie I think it's fair to have more money in cars because your auto budget and your hobby budgets overlap and you're less likely to be selling your car any time soon
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>>19129421
Woah kiddo. With that fragile ego and reddit tier comeback you sure made your point. You gain respect and admiration from everyone for driving a $1000/month car for sure, its not like any person with a brain cringes when you make that money and pay that much for a car just for looks.
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>>19129408
My car could do that with a 2zz swap but even stock it's fun to drive at any speed and handles twisties like a madman.
I find a lot of very fast cars boring unless you're going illegal or unsafe speeds
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>>19129435
>120 month loan
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>>19129412
At 0% interest, there was no harm in doing longer payments on a car I plan on keeping for 20+ years. I chose the 72 because I wasn't sure how much I could afford at 1st and was going to refinance, but I don't see a point in it when I can put the extra cash into my retirement
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It doesn't matter.
New or used, if you can't afford to pay cash for the car outright, it's too expensive.
This applies even if you decide to finance it with your stupidly high credit score.
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>>19129383
>getting a loan for an engagement ring
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>>19129266
>worth 30% of your yearly

No. total value of the car should be equal to 30% of your 1 year income. Make 55k? Your CTS-V just turned into a new civic.

For enthusiasts I've found you can push that quite a bit further and be comfortable. the 30% rule is kinda for normies that think cars are appliances.
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>>19129463
>0% interest
>plan to keep car 20 years.

My apologies then anon. Smart move.
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>>19129465

yeah put that lump sum of cash into a bunch of steel and aluminum that depreciates in value instead of investments that compound yearly. I know you're trying to larp as a jew but even then you're failing miserably
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>>19129465
this. financing is good only if you are investing that money.
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>>19129214
I make about 110k annually. My car was about 29kOTD
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>>19129452
Oh, it's over already? Usually you get a few more replies before they pull the "I'll discredit your opinion by implying you go to reddit which automatically credits me as the winner" card. Or maybe it's good that you realized so soon how dumb your argument was.
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>>19129488
do you only regurgitate what other people tell you?
learn some goddamn reading comprehension before you reply to my posts again
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>>19129403
There are hundreds of thousands of my cars made, I’m not worried. And besides, if that day comes I’ll replace my fully depreciated cars with new fully depreciated cars
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>>19129357
>That would mean the average American individual couldn't even afford a Mitsubishi Mirage, or a Ford Fiesta.
Do you honestly think the average american is buying a car made after 2000? I DD a '95 camaro because it was $1,800 and I sold my ranger for the same amount.
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>>19129512

how about you just fuck off with your tail between your legs because there's no way you'll win a financial argument against me, and don't even bother replying to me because I won't read it
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>>19129357
>That would mean the average American individual couldn't even afford a Mitsubishi Mirage, or a Ford Fiesta.

yeah. crazy innit?
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>>19129526
Yes
https://www.usatoday.com/story/money/2015/07/29/new-car-sales-soaring-but-cars-getting-older-too/30821191/
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>>19129465
You’re that retarded boomer who’s afraid of credit cards and carries cash aren’t you
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>>19129540
Do you honestly think the average american is willing to spend upwards of $13,000 on a new car? For $1,800 I could've bought something made after 2000, sure, but that doesn't mean I'm better off financially.
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>>19129576
Not him but yes, because the average American is retarded and thinks having a "new" or newish car signals that you are finanically successful, or it becomes a racial issue.
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>>19129576
The average american is riddled with dent and lives beyond their means
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you can really see the class divide on the freeways

>drive freeway into the city at 7am
>lowly tradies with their $2k 20 year old toyotas and hondas
>same trip at 10-11am
>it's nearly all salaried white collars driving their new cars to work
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>>19129593
Maybe it's because I live in california and the average joe is just trying to not become homeless during a given year, because I really can't imagine the real average person waking up one day and saying
>fuck it, I need a new car so I'm gonna head down to the nearest Ferd dealership to grab a Fiesta
I imagine most actual average people start shitting their pants at the thought of needing a new ride and hop onto craigslist in hopes of finding a 3k civic with a few simple mods
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>>19129537
Yeah, it is crazy, because it means less than half of the people in the country could afford to have a car at all.
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>>19129625
Half the people in this country are niggers and spics living off welfare so yes, in a just society they'd fucking walk like they did before bread lines were a thing.

Fuck em.

Why do you think people lived 3 generations to a home?

Protip: they couldn't afford a home and (((rent))) was seen as the kike scam it is.
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>>19129625
>350M people in the US
>259M cars registered
>probably a quarter of car owners own more than 1 car, so at least 65M cars are in the hands of someone with another set of wheels
>that leaves 194M unique cars at best
it's probably not unreal to say that ~half the country can't afford a car, or could sponsor a proper shitbox on a good year.
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>>19129619
144 million cars were sold in the last 10 years, and if there's 222 million drivers, then statistically, the average has bought a new car at some point since 2008.
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>>19129654
having 3 generations in a house is so much fucking better than kicking your kids out at 18 and having them get into a lifetime of debt just to pay for food and shelter over their heads
white people are notorious for this shit, they all hate their parents and want nothing to do with them because their parents were raised that way too
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>>19129686
How many of those are actually adults though?
25% of the population is under 18 and not of driving age.
The eligible driving population is 266M.
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>>19129686
Well if you're counting absolute totals then yeah because half the population is incapable of driving much less owning a car. Only like 80% are even over 16.
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>>19129709
I'm glad I didn't have to progress beyond algebra 2 for my diploma
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>>19129619
At least in the bay area techies are always driving around in expensive new cars
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>>19129727
rent is $5k a month in the bay area.
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>>19129417
Ouch im sorry
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>>19129732
More like $2500 starting, maybe if you’re in a big house in a nice part of town it’s $5000

Techies make $150k starting with $50,000 in bonuses and stock incentives.
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>>19129472
Like car loan, 0% interest. Had the cash to buy out right, but now my credit is even better and I was able to put the money into a project car.

Only thing I've got interest on is my student loan
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>>19129709
The driving age is 16 not 18..
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>>19129691
Preaching to the choir. Only problem is they still shit on anyone still at home in their mid 20s. SHit fucking sucks that people think I'm a shitbird even though I've almost got 50k down for my own home just from hanging out for a little while.
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>>19129511
The fuck are you on about. Are you the same fag thats boasting about paying $1k monthly for his car when he only makes 55k a year?
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>>19129612
>tradies
>class devise

This one triggered me. Before 7am here when all the tradies go to work, all you see are vans and their bosses in hiluxes and rangers. 1/4 of all vehicles in NZ is a ute

>>19129214
>Make 75k
>combined value of my cars is around 15k
I would think this isn’t too bad only 12k worth of that is in one 300zx twin turbo with Close to 20k sunk into it and I am very much aware this does me no financial favours. Maybe I’ll be able to sell it for 20k if I can get it to 400kw
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>>19129691
>>19129804
Nobody wants to live in a house fucking crowded with 3 generations of families wtf. Shittier countries do this because they have to, not because its smart. Quality of living is good here so you dont have to do that. Sounds like youre confusing debt with poverty. Who cares if you pay a mortgage and pay a car payment? Doesnt matter if youre technically in debt if your quality of life is good
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>>19129465
If you can get an interest rate lower than average rate of inflation it's literally cheaper to make payments as long as possible
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>>19129214
Try driving a car you like, keeping it clean and not giving a fuck what others think. If your social circle cares about what you drive, then you need new friends.
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Formal answers for this are always framing a car as a wagecuck necessity keeping you from buying restaurant food, home renovations, and sending your wife's son to gay piano lessons, which should make it meaningless on a board for enthusiasts.
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>>19129850
Oh yea you're right never thought of it like that. Any guess on what that number is?
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>>19129862
Autism
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>>19129214
however much you can comfortably spend to get a vehicle that meets your needs without suffering financially
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>>19129357
i also make up numbers for fun on the internet
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>>19129236
I'm not spending 21k on a car.
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>>19129804
Right? 40k in cash/investments, 20k in 401k, 30k in guns/cars (in hindsight probably a mistake) but otherwise all that money would be in some boomers bank account in the form of (((rent)))
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>make 35k gross, see 26.4 after taxes
>financed a 2015 certified pre owned for 10.2k
>included extended power train warranty and gap insurance in auto loan
>kbb value is 13k, sold for 10 because they couldn't move the stick shift off the lot
>auto loan total 14.5k at 6% apr

Did I fuck up? I knew including the warranty into the auto loan would instantly put my car under however that was the point of purchasing gap, such that if it were ever to get totaled I won't have to come out of pocket after insurance pays the car's value.
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>>19130265

although that's alot of money compared to what you make it would make sense if you plan on keeping the car long term, given that the car is only 3 years old. You already bypassed the steepest part of the depreciation curve. But that depends on how much you spent on the extended warranty which would negate that if they raped you on the deal. Also please tell me you purchased gap from your auto insurance and not from the dealer
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>>19129488
You can't drive a stock portfolio, fuckwit. It's not about the car as an investment.
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10%
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>>19129236
Cool i can affort the new gt3 then :)
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>>19129465
I can afford to pay cash but that would be a dumb financial move
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>>19129236
My car is worth $10k and my income is $120k.

S-should I upgrade?
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>>19129862
Everyone gives a fuck what other people think, kiddo. Once you graduate high school you'll learn that
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>>19129403
>car parts vanish after 4 years

My car is 24 years old and it's doing just fine.




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