Quote:
Originally Posted by EricVR4
This stuff blows me away. I don't know how anyone can do that and not be up all night, every night due to crippling anxiety
Seems like a good general rule is don't buy a car that's worth more than 30-50% of your salary. That way if something shits the bed and you need to get out of the car for financial reasons, it helps to minimize potential negative equity.
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If you talk to any smart financial planner - they will tell you the total of all your assets with motors in them (cars, boats, atv's, motorcycles, etc) for your household should not exceed 25% of your gross household income (3mos salary).