If you drive an $80k+ car, what is your age and HHI?

[Anonymous]

I’m shocked how many people in our community have bought fully loaded Tahoe/Yukon/Suburban/Expedition so I looked up the pricing. OMG!

If you spend this much, what is your age and HHI? We make in the 400’s and feel badly spending $50k.

[Anonymous]

We make in the $400s but have a relatively cheap mortgage with the mortgage being our only debt. We’re also in our mid-40s.

[Anonymous]

Feel bad. Your fingers presumably work fine.

[Anonymous]

Mid-40s. HHI 2.75M. Most recent car purchase was about $100K.

[Anonymous]

I've wondered this too. So many people driving expensive cars! Honestly with all the other spending priorities in life, i would need to be making big money before I got an 80k+ vehicle.

[Anonymous]

31yo, single, HHI is 125k, I bought a 85k Porsche Cayenne. I love this car.
If I had to wait until I'm making 500k to enjoy owning this car, I would be dead long before it happens.

[Anonymous]

Anonymous wrote:31yo, single, HHI is 125k, I bought a 85k Porsche Cayenne. I love this car.
If I had to wait until I'm making 500k to enjoy owning this car, I would be dead long before it happens.

Good for you. Yolo

[Anonymous]

Anonymous wrote:31yo, single, HHI is 125k, I bought a 85k Porsche Cayenne. I love this car.
If I had to wait until I'm making 500k to enjoy owning this car, I would be dead long before it happens.

And the idiots keep coming

[Anonymous]

Anonymous wrote:I’m shocked how many people in our community have bought fully loaded Tahoe/Yukon/Suburban/Expedition so I looked up the pricing. OMG!

If you spend this much, what is your age and HHI? We make in the 400’s and feel badly spending $50k.

I can but won't buy an expensive car. Its a depreciating asset and I'm not interested in cars or showing off. I would rather invest or spend extra money on family and travel. Giving parents a peaceful retirement or kids a good private debt free education is a better use in my opinion.

[Anonymous]

Anonymous wrote:31yo, single, HHI is 125k, I bought a 85k Porsche Cayenne. I love this car.
If I had to wait until I'm making 500k to enjoy owning this car, I would be dead long before it happens.

This makes no sense. How can afford payments?

[Anonymous]

I think a lot of people lease, but even so! The monthly payments must be at least $1000-$1400. It is especially expensive considering most people who have those types of cars also have kids in sports, do expensive vacations, have nice homes. My guess is most people are very comfortable financially.

[Anonymous]

Anonymous wrote:Feel bad. Your fingers presumably work fine.

What a bizarre response. I don't even understand the intent, except you tell OP to "feel bad". That's not nice.

OP - I think different people have different priorities for their money. Also many of these cars you see are leased, not owned.

[Anonymous]

Anonymous wrote:

Anonymous wrote:31yo, single, HHI is 125k, I bought a 85k Porsche Cayenne. I love this car.
If I had to wait until I'm making 500k to enjoy owning this car, I would be dead long before it happens.

This makes no sense. How can afford payments?

You live at your parents house who also paid all of your college so you don't have loans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m shocked how many people in our community have bought fully loaded Tahoe/Yukon/Suburban/Expedition so I looked up the pricing. OMG!

If you spend this much, what is your age and HHI? We make in the 400’s and feel badly spending $50k.

I can but won't buy an expensive car. Its a depreciating asset and I'm not interested in cars or showing off. I would rather invest or spend extra money on family and travel. Giving parents a peaceful retirement or kids a good private debt free education is a better use in my opinion.

Good for you. But remember that most things we buy are depreciating assets, from the furniture you buy for your house, to the clothes you wear and the food you eat. They depreciate. It's ok to want to buy the fine quality things even when they depreciate. So many things we buy in our daily life are things that depreciate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:31yo, single, HHI is 125k, I bought a 85k Porsche Cayenne. I love this car.
If I had to wait until I'm making 500k to enjoy owning this car, I would be dead long before it happens.

This makes no sense. How can afford payments?

Easy. I'm leasing the car and the lease is $1000 per month. I can afford the payments because I have lower housing expenses.
My rent is $1200 for a 1bd apartment. I could have rented an apartment in a more upscale building for $2200 like others and driven a Honda Civic. I prefer to pay a cheap rent and drive a Porsche Cayenne.