From: "John A. Weeks III" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Advice - College Grad & Car
Date: Mon, 28 May 2007 20:33:02 -0500
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In article ,
 "Andrew Koenig"  wrote:

> "John A. Weeks III"  wrote in message 
> news:john-B67283.12383828052007@sn-radius.vsrv-sjc.supernews.net...
> 
> > At $60K, you have no business with an ultra-luxury vehicle, not unless you 
> > were late in life
> > and had a paid for house and no other debt.
> 
> A Volvo S40 is hardly an ultra-luxury vehicle.

Anything that cost $17K used is an ultra-luxury for someone
who simply cannot afford it.  You should never spend more than
1/5 of your annual take-home pay on a vehicle.  Anything else
is a luxury, and unless you have the cash, you will simply end
up broke and in debt like most of the rest of the people in the
USA.  If that is your goal, buying fabulously expensive cars
will do that very quick.

Never make the mistake of thinking that something is OK just
because a lot of other people do it.

-john-

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John A. Weeks III           952-432-2708            john@johnweeks.com
Newave Communications                         http://www.johnweeks.com
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