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To clarify, I'm not saying $500 for just the car, but $500 for the car payment, gas, insurance and savings for future maintenance.

I think $500, when you factor in all of that, is a fairly modest car.

My wife and I have a Honda Fit that is paid off (I would call this a pretty modest car), and when a car reaches a certain point in its life, you may'll have more maintenance to pay for.



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