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Old 06-23-2012, 10:04 PM
 
Location: SF Bay Area
802 posts, read 2,264,701 times
Reputation: 257

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Just bought a new CR-V: 7.5%
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Old 06-23-2012, 10:07 PM
 
Location: Beautiful Niagara Falls ON.
10,016 posts, read 12,572,543 times
Reputation: 9030
I just bought a 2001 Escape. It's in near perfect condition. It's loaded and everything works. I paid less than one weeks income for it. That's how I like to aquire vehicles.It will do me 5 years at least.
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Old 06-25-2012, 12:45 PM
 
3 posts, read 2,851 times
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I agree...when it comes to vehicles it's all about value, if you can buy a car cash and drive it for long as possible that is the best scenario.
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Old 06-25-2012, 12:56 PM
 
13,721 posts, read 19,246,566 times
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About 20% in 2005, but it's been paid off for a while, has 80,000 on it and still in great condition, and I figure I'll get several more years out of it. Thought about trading it in, but the thought of making payments again changed my mind.
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Old 06-25-2012, 01:14 PM
 
Location: Huntsville, AL
2,981 posts, read 1,746,243 times
Reputation: 4402
Bought a used 2008 chevy Impala in 2011 for $4400...a little over a week gross HH salary.

2.5% or so.
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Old 06-26-2012, 01:35 PM
 
Location: Lawrenceville, Pittsburgh
2,109 posts, read 2,158,312 times
Reputation: 1845
I can't believe the number of people here that are reporting incomes in the $175k to $200k+ range. Either the math is funny here or there are a lot of (relatively) high-salaried folks on this board that drive (relatively) inexpensive cars.
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Old 06-26-2012, 03:41 PM
 
Location: SF Bay Area
802 posts, read 2,264,701 times
Reputation: 257
Quote:
Originally Posted by WhoIsStanwix? View Post
I can't believe the number of people here that are reporting incomes in the $175k to $200k+ range. Either the math is funny here or there are a lot of (relatively) high-salaried folks on this board that drive (relatively) inexpensive cars.
My math is correct. For us, we have an above average income in an expensive part of the country coupled with a preference for reasonably priced automobiles.
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Old 06-26-2012, 03:53 PM
 
Location: Lawrenceville, Pittsburgh
2,109 posts, read 2,158,312 times
Reputation: 1845
Quote:
Originally Posted by mdwstrnkid View Post
My math is correct. For us, we have an above average income in an expensive part of the country coupled with a preference for reasonably priced automobiles.
I guess it's a little different as I was assuming a percentage of single income. I guess if its one car for two earners, the percentage of combined income makes sense. One guy mentioned a percentage of strictly his wife's income, which I calculated at something like $460k. However in your case, it's a little misleading, though still technically correct, to call $300-400k "above average".
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Old 06-26-2012, 10:37 PM
 
Location: SF Bay Area
802 posts, read 2,264,701 times
Reputation: 257
Quote:
Originally Posted by WhoIsStanwix? View Post
I guess it's a little different as I was assuming a percentage of single income. I guess if its one car for two earners, the percentage of combined income makes sense. One guy mentioned a percentage of strictly his wife's income, which I calculated at something like $460k. However in your case, it's a little misleading, though still technically correct, to call $300-400k "above average".
It's actually our second car, but I was looking at from with our combined income.

I don't think that it's that misleading in this area. There are many dual income couples in this area making in the $200K's in combined salary, especially if both are either in high-tech, biotech, or finance.
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Old 06-27-2012, 09:59 AM
 
1,257 posts, read 3,681,949 times
Reputation: 941
Quote:
Originally Posted by WhoIsStanwix? View Post
I can't believe the number of people here that are reporting incomes in the $175k to $200k+ range. Either the math is funny here or there are a lot of (relatively) high-salaried folks on this board that drive (relatively) inexpensive cars.
Yeah... seems like it.
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