Can we afford a $105k Range Rover or LX570?

[Anonymous]

Anonymous wrote:As a 33 year old with 2 kids and an income of $435 I would say no if you are planning to have a nanny and are going to be shelling out for an expensive preschool. The nanny, the classes, the childbirth costs (just hope your wife doesn't have complications and has generous mat leave), the preschool tuition... Save your $$

Why would you have a nanny AND preschool? Daycare/preschool centers fulfill both roles.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you can pay cash, I guess so. If you have to finance, no. Kids are expensive. Very expensive.

This is such dumb advice. As has been said many times over on these car posts, financing is cheaper than paying cash if your return on investments > interest rate on debt

NP
DO you finance your grocery bill too?

[Anonymous]

Just lease it. Yes, you can afford the $1200/month payment. Realize that you might want to upgrade your house at some point and child care will be at least $3k a month.

[Anonymous]

Did I understand correctly that you will be street parking this car?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you can pay cash, I guess so. If you have to finance, no. Kids are expensive. Very expensive.

This is such dumb advice. As has been said many times over on these car posts, financing is cheaper than paying cash if your return on investments > interest rate on debt

NP
DO you finance your grocery bill too?

+1
Poor people talk
Always use cash when you can. ALWAYS.

[Anonymous]

Anonymous wrote:I think Range Rovers are SO UNATTRACTIVE. They are so bulky and look very 2004 as well.

Sports are cute. Agree big ones are ugly.

[Anonymous]

When we have $100K lying around we spend it on a 25% down payment on an investment property that rents for $2500/month. Not a car that will be in the shop once a month.

[Anonymous]

Another who has a Range Rover that's rarely in the shop. Seems like a rumor for those who can't afford, TBH.

[Anonymous]

Anonymous wrote:When we have $100K lying around we spend it on a 25% down payment on an investment property that rents for $2500/month. Not a car that will be in the shop once a month.

Please show us a 400k property that rents for 2500/mo.

[Anonymous]

Anonymous wrote:When we have $100K lying around we spend it on a 25% down payment on an investment property that rents for $2500/month. Not a car that will be in the shop once a month.

What 400k property is renting for $2500 per month?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Pp here. Let’s just say you have two kids. If you dont stay home, you have to pay daycare. And then preschool. Have to. And my two kids are in private school. If you think that is even remotely possible, consider that we pay about 80k every year. Cash. For school. So then we have mortgage and college savings and things like that. Kids are expensive.

Where did OP say they were going to waste money on private school?

Given the proposed vehicle expenses, I think we can say OP doesn't have a mental block about wasting money.

Also, the notion that spending money on one's childrens' education is a waste, but six figures on a car isn't . . . oy.

[Anonymous]

Warren Buffett chastised Bill Gates for buying a jet.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you can pay cash, I guess so. If you have to finance, no. Kids are expensive. Very expensive.

This is such dumb advice. As has been said many times over on these car posts, financing is cheaper than paying cash if your return on investments > interest rate on debt

NP
DO you finance your grocery bill too?

+1
Poor people talk
Always use cash when you can. ALWAYS.

I am the PP who said that was dumb advice. I make 400k and I am also a finance professor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you can pay cash, I guess so. If you have to finance, no. Kids are expensive. Very expensive.

This is such dumb advice. As has been said many times over on these car posts, financing is cheaper than paying cash if your return on investments > interest rate on debt

NP
DO you finance your grocery bill too?

+1
Poor people talk
Always use cash when you can. ALWAYS.

I am the PP who said that was dumb advice. I make 400k and I am also a finance professor.

LOL. ok.

[Anonymous]

Do it now for practice. If you have two kids and send them to private school in this area, you will be spending that every year on tuition.