I will be in the market for a car this year, and I’ll be paying cash. I have had older cheap cars in the past and found that it was a detractor from my happiness, so I’m not interested in going that route. (I actually have something very specific in mind, but I’ll keep it out of the discussion for the time being.)
My question is this: where/how do you draw the line on how much is Too Much to spend on a car? I’m sure I’ve read many opinions on the subject already, but I’m still slightly struggling with the amount that I’m planning to spend, and I’d be curious to hear your thoughts.
The question is probably not for the people with no car, or people who are happy driving around a $2,000 car. I’m definitely going to spend some money, and likely what would be considered by many to be a significant amount, and I’m fine with that.