At what income is it appropriate to buy a 200k car?
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Anonymous
| What a dork! I wouldn't give him any sex for a month for a stupid want like this. Don't care about your income. $200k dollar car is a turnoff. |
Anonymous
Heart to Heart International is another great one. http://www.hearttoheart.org/ |
Anonymous
I will give you that 
They are young. Making good money. I don't get, how it's okay to buy more house but not car. They are fine, money wise. Live a little. The joy of driving a powerful one. I had a neighbor who changed cars every year (bad year - 150k car, normal year - 400-500). He loved it. Yes, it's a loss. Experience vacation is a loss, expensive wine is a loss. He loved cars. I guess some people just don't love cars. I don't like houses. |
Anonymous
| When you have enough money to pay cash for it and still have couple million left. |
Anonymous
How is this relevant? |
Anonymous
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That seems appropriate. We have about $150k of sports cars and HHI is $1m.
What's he looking at? NSX, R8, Huracan, or Ferrari? |
Anonymous
I guess I should have added 911 Turbo also.. but there are much better cars out there for that kind of money. |
Anonymous
The people I know who drive very expensive cars also have foundations that do a whole lot of good. The cars (yes, plural) really aren't that expensive to them. |
Anonymous
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Seems like you can afford it, but a 200K sports car is a lot of car. He might want to start with something a little less demanding and work up from there. Also, he can take a lesser car and get real instruction on how to drive high performance cars without worrying too much about balling it up.
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Anonymous
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What other fancy stuff do you want to buy? IF this is really it, then it's fine. But if the $200k car goes with similar vacations, food, second home, clothes, etc you should go over your priorities first.
Investing in a house has a better ROI which is why people feel more comfortable with it than investing in consumables like cars. How about renting the car he craves for a month? Even at $10k or something exorbitant he can see if he really wants it before taking the full plunge. Are your kids' college funds fully vested, do you have life insurance, a retirement plan? Plan for if DH loses his job? Have you paid off your house? Take this time with a fun step to also make sure you are 100% grown up -- meet with a financial planner (no investment advice, just running the #'s and getting insurance) |
Anonymous
Really? Driving a $200K car around the same spaces and places is more appealing to you than seeing and exploring the world? |
Anonymous
| I won't say never because I would love to have an Aston Martin, but is this a car he intends to drive or mostly garage and look at? And where do you live, what do you live in? |
Anonymous
+1 Some people are so boring |
Anonymous
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Shouldn't he be able to save up and pay cash for it rather quickly with that income and such low expenses?
Any thought that his midlife crisis has arrived early and he's laying the foundation to find a new twenty something girlfriend? |
Anonymous
| Never. So gauche. |