Originally Posted by madRiver
A number of of not buying more then 10% yearly household income for vehicle purchase price was thrown out on Jalopnik. Thoughts?
I think of this in a less dimensional way.
People should buy what they can comfortably afford with plenty of income left for savings, vacations, entertainment as well as life's unexpected events.
Buying less car than you can afford is always a good plan.
I know that I might be in the minority here, but a car to me is no more than a transportation tool that I try to select for potential entertainment value. For my wife, it's more a matter of what she's happy driving on her brutal commute. Either way, a tool.
OTOH, for some a car is also a hobby, so that's a different kettle of fish.
At the end of the day, people should buy what they want and can easily afford. If a more costly ride makes you grin every time you drive it, then why not?