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re:Financial question
- Subject: re:Financial question
- From: Reid Maynard <reidmaynard@xxxxxxxxx>
- Date: Wed, 5 Aug 1998 11:31:33 -0700 (PDT)
>From a sound financial planning point of view, what do >you think the
right allocation for total car(s) >expenses to net income should be?
Realistically it would depend on income bracket. However (being bored
@ work), I came up with the following rule of thumb ... ;-)
0 to $10k/year = 0%, take a bus
10k to 30k = anything under $1000, junk it when it breaks.
30k to 50k = Japanesse cars, or base Passat
50k to 80k = 3 series
80k to 100k = 5 series
100k to 150k = vintage 'geezer' bmw's
150k to 200k = hello new Porsche!
over 200k = vintage Jaguars
Reid Maynard
5 series, right on target
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