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    Are there any rules of thumb for how much to spend on a vehicle purchase?

    @may161965 Just depends on what you value. Our family vehicle is safe and respectable and cost mid four figures. We’re content, but I understand others wouldn’t be.
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    Are there any rules of thumb for how much to spend on a vehicle purchase?

    @1peterlight Correct, according to my opinion. It’s a depreciating asset and more of a liability than anything. I’d just get something that’s respectable, safe, and inexpensive. My car is 1% of my gross income this year. My sentiment is to make your car forgettable and inconsequential to your...
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    Are there any rules of thumb for how much to spend on a vehicle purchase?

    @babyishcare 1/10th of annual gross income, cash. If you make less than $25k/yr get a bike.
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