Tell me if what I did was crazy/ok:
I'm 25, making 65k (if everything goes well it should be around 80k by July)
In february I bought a 2009 VW rabbit (new, made in Germany) for roughly 30k. Financing over 4 years = $660/m (2.9%), insurance is $250/m. The reason for the buy was that VW's are good cars and I can keep it for about 10 years.
However, ignoring all the pro's above - did I spend too much relative to my age/income? The more I think about it the more it seems like I bought beyond my means.
I'm 25, making 65k (if everything goes well it should be around 80k by July)
In february I bought a 2009 VW rabbit (new, made in Germany) for roughly 30k. Financing over 4 years = $660/m (2.9%), insurance is $250/m. The reason for the buy was that VW's are good cars and I can keep it for about 10 years.
However, ignoring all the pro's above - did I spend too much relative to my age/income? The more I think about it the more it seems like I bought beyond my means.
