Quote:
Originally Posted by TESLAASTRO
Too many variables to accurately advise you, but to risk sounding like shrill Suzi Orman, dont buy or lease the car if you cant afford it....a good rule of thumb is purchase price should be MAX 30% of your gross income.....
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At 30%, your saying he needs to make $116,000 a year? So a two income household needs to make over $230,000. Less than 3% of the population makes more than this. Do you reasonably expect the other 97% of the population to not consider a car costing more than $35,000? This is America, don't you know we don't follow reasonable rules of thumb?
I don't think Suzi Orman would ever tell anyone to buy a BMW unless it was going to help her sell a book.
edit: I used
wikipedia as my data source.