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

[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.

Good for you. Yolo

This was me when I was younger as well. I love cars and had very expensive sports cars in my 30s. Although my income quadrupled since then, we have a minivan and another inexpensive car now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Our HHI is 1m and we have no debt other than our mortgage which is 6k a months. I'm hemming and hawing about buying a new Pacifica at $55k. That's way more than I've ever spent on a car.

You guys are crazy. Almost every decent new car is now 40k+. You can get the car.

The PP is good earner but seriously, he is mentally ill.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Our HHI is 1m and we have no debt other than our mortgage which is 6k a months. I'm hemming and hawing about buying a new Pacifica at $55k. That's way more than I've ever spent on a car.

You guys are crazy. Almost every decent new car is now 40k+. You can get the car.

The PP is good earner but seriously, he is mentally ill.

That was me (I'm a woman, we also earn money )

Why am I ill? Because I don't want to spend money on a depreciating asset? It gets me from point a to b exactly the same was as my Jeep does. Do I want to spend 60k for essentially no reason? I didn't get to this income by making foolish choices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Our HHI is 1m and we have no debt other than our mortgage which is 6k a months. I'm hemming and hawing about buying a new Pacifica at $55k. That's way more than I've ever spent on a car.

You guys are crazy. Almost every decent new car is now 40k+. You can get the car.

The PP is good earner but seriously, he is mentally ill.

That was me (I'm a woman, we also earn money )

Why am I ill? Because I don't want to spend money on a depreciating asset? It gets me from point a to b exactly the same was as my Jeep does. Do I want to spend 60k for essentially no reason? I didn't get to this income by making foolish choices.

Your Jeep can get from point A to more points B than a Pacifica, or nearly anything else (unless you have the Jeep Liberty, in which case, point B had better be a mechanic's shop).

[Anonymous]

$1.5mln. 4 cars total value new was $350k I'd guess. Most expensive is $120k. Paid cash for all of them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

That.Is.Dumb.

No dumber than renting where you live.

[Anonymous]

DH's friend makes about 150k, and his wife makes nothing -- she came to the US to marry him 8 years ago and just never got a job. She insisted on a Porsche Cayenne two years ago. The whole friend group lol'd quite a bit behind her back about this. But really, people should spend on whatever they want as long as it doesn't cause them hardship or get in the way of a reasonable amount of saving or whatever.

[Anonymous]

Anonymous wrote:DH's friend makes about 150k, and his wife makes nothing -- she came to the US to marry him 8 years ago and just never got a job. She insisted on a Porsche Cayenne two years ago. The whole friend group lol'd quite a bit behind her back about this. But really, people should spend on whatever they want as long as it doesn't cause them hardship or get in the way of a reasonable amount of saving or whatever.

I'm the pp ^^ here. I forgot ages -- the DH is early 60s, the DW who insisted on the Porsche is late 30s or maybe very early 40s. Not sure of her exact age.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Our HHI is 1m and we have no debt other than our mortgage which is 6k a months. I'm hemming and hawing about buying a new Pacifica at $55k. That's way more than I've ever spent on a car.

You guys are crazy. Almost every decent new car is now 40k+. You can get the car.

The PP is good earner but seriously, he is mentally ill.

That was me (I'm a woman, we also earn money )

Why am I ill? Because I don't want to spend money on a depreciating asset? It gets me from point a to b exactly the same was as my Jeep does. Do I want to spend 60k for essentially no reason? I didn't get to this income by making foolish choices.

Never mind the money and income. Who the heck drives a Jeep? And why even work and talk about income when the price of your Jeep would have provided you your income if invested properly.

[Anonymous]

Anonymous wrote:DH's friend makes about 150k, and his wife makes nothing -- she came to the US to marry him 8 years ago and just never got a job. She insisted on a Porsche Cayenne two years ago. The whole friend group lol'd quite a bit behind her back about this. But really, people should spend on whatever they want as long as it doesn't cause them hardship or get in the way of a reasonable amount of saving or whatever.

Sure. Conveniently leaving out that they would have extra $300k in investments right now if she never had gotten the Porsche, and the husband really hates his job.

[Anonymous]

Female 27yr. I make 150K.

I live in a condo that is one of my parent's investment property, so you can say that I stay with my parents.

I still got my 35K car that I got in high school from my dad, and now he presented me an 80K car.

[Anonymous]

I’m 34 with an HHI $230k (myself). I bought an $86k vehicle at 30 with an HHI of $140k. I bought my house one year later.

I use my bonuses to fund my big purchases. My vehicle was 2 years of bonus money, my home down payment was 1 year’s bonus. In my mind, as long as my life is covered by my base salary (including my retirement/brokerage/liquid savings), I can spend the bonus as I please, guilt free.

[Anonymous]

3 mil and mid 40’s.

Car is 90k and paid cash.

Not too worried about cost as private school costs us 10k per month for 2 kids. So it’s a rounding error.

[Anonymous]

In our early 40s. HHI ~350k

Kids totalled our 2003 expedition. Bought a brand new one that the kids are not allowed to drive lol. Kids now drive DW hand me down.

Plan is to drive the new one 20+ years like our last... Yes it's expensive, but I hate minivans and we need more seats.

FTIW: Love the new expedition

[Anonymous]

Let me rephrase: what is your age, HHI, and how many standard deviations below the average IQ are you?