Rant : How much is too much to spend on a car?

[pbonsalb]

Yes, I would have financed the difference between the X5 40i and the X5M.

[Donatello.]

It's too much when it impacts bills that matter or being able to put $ in savings, etc

[Donatello.]

Originally Posted by iX nOOky

How much is too much to spend on a car? At my age if you can't afford to write a check for it you can't afford it .

People still think this nonsense?

Maybe with today's interest rates if your 401K, IRA, etc is not earning more than said rate and you can stroke a check without depleting savings.

Anyone with half a brain knows most Americans cannot afford to pay cash for their car. That does not mean all of them are overextended.

The average new car payment in the US is over $700. The real problem is the prices of new cars is OUT OF CONTROL