Owning your own vehicle is synonymous with having complete freedom. A vehicle lets you go wherever you want, whenever you want. If you can afford it, that is.

Even the cheapest vehicles are expensive. A less reliable vehicle can cost you thousands in maintenance and repairs. An premium model with all the features you could ever want, can cost more than people make in year. Chances are, you NEED a vehicle. You HAVE to have a vehicle. The question is, how much vehicle can you afford?

The answer depends. Depends on your income, your lifestyle, and how important having a “cool” vehicle is to you.

How much should you spend on a vehicle?

In general, the answer is “As little as possible”. Saving money boils down to making good decisions on the three biggest expenses in your adult life: the house you buy, the car you buy, [...]