Quote:
Originally Posted by Ricochet48
You're a recent college grad, even at $100K I would just wait and buy used. Max out your 401K instead, you'll thank yourself in the long run.
I also would aim for 33% of your gross. If you're really a car guy, maybe stretch to 40%. So a decently loaded M240i xDrive after TTL is like $60K, so you'd need to make $150K minimum.
Americans need to stop buying way more car than they can afford.
|
Meh... he's living at home making $100k. With a decent down payment and possible trade in, he'll have plenty for retirement.