Hypothetical retirement scenario

Family member. I work. Mortgage repayment $650 a month minimum but would try to pay as much as possible.

It's not a new car on a pension. It is a new car on pension plus full time worker. If that is reasonable, maybe its not open to ideas.

My thinking for new car - second hand but newish - is that I know so many friends with cheap cars and you wind up spending more on them and having to replace them. I mean cars that cost like 3.5k.

We tend to buy a second hand newish car and keep it forever. By the time we trade our car in it will be 16-18 years old and we live regionally so lots of K's on the clock. 220k on the clock we think we might get out of it before it becomes too expensive to repair. Maybe I'm wrong that's when we trade it in I am not the car person.

We are not buying a new car for fashion. We love our car and hate that we may have to eventually part with it.

/r/fiaustralia Thread Parent