Buying A Car

[Shoe]

If you can't afford the the 3 year loan, then you are buying too much car (that doesn't mean you can't take out a longer loan).

[KaneKungFu123]

PM Zee Justin for advice on this question and dating tips.

[ QUOTE ]
I couldn't think of what better forum to put this question in than this one...

To buy a $45K car, what kind of income and/or net worth should one have?

[/ QUOTE ]

[Soul Rebel]

I'd say pay cash for something used, preferably German. So instead of financing a new BWM 530i or whatever at 45k, pay 22k or 23k cash for a 4 or 5 year old BMW or Mercedes (although I would stay away from a pre-1999 3-series). Check ebay, there are great deals. 50,000 miles is not much considering the potential life span of those cars. If you take care of it, you'll get 200,000 miles out of it pretty easily, and you'll never have payments or waste money paying interest. Whatever you do, have a mechanic check it out first, get the service records, and don't buy it from a dealer. Just my .02.