Thread: How much do you spend buying a vehicle?

Originally Posted by Beetroot

Reason for asking this is I've looked at the price of new car/4x4/ute/SUVs and on my salary I could afford something pretty reasonable, but to me it doesn't seem to makes sense financially as my current vehicle will do 99% of what a brand new one would do.

But clearly lots of folk are out there buying new vehicles, just wondering who that kind of person is.

Do you mean you can afford one as in rock up and pay cash and drive away, or you can afford one as in put it on tick and pay it off? Those low interest rates sure look good until you realise what you're losing in depreciation (unless it's a business vehicle) along with the extra paid in interest and fees etc