I think $55k vs $25k shouldn’t be a big deal, but be aware that new cars could easily be in the $35k range for a non fancy car.
Perhaps this decision reflects anxiety over your other spending and you are focusing on the car decision as something you can control. $55k is less than 5% if your house budget. Double the $600 month for the garage to account for insurance and gas (although that’s a wild overestimate) and you are at 3% of pay. Your spending is going elsewhere as these shouldn’t be stressful numbers, but $200k / year seems like a lot for no kids, although you have a large amount of savings.
Perhaps this decision reflects anxiety over your other spending and you are focusing on the car decision as something you can control. $55k is less than 5% if your house budget. Double the $600 month for the garage to account for insurance and gas (although that’s a wild overestimate) and you are at 3% of pay. Your spending is going elsewhere as these shouldn’t be stressful numbers, but $200k / year seems like a lot for no kids, although you have a large amount of savings.
Statistics: Posted by er999 — Tue Apr 23, 2024 9:47 pm