At what HHI would you feel comfortable buying an $80-90k car?

[Anonymous]

Anonymous wrote:I'm just an average person on DCUM, so we have a 5m hhi. My DW is SAH, and I'm both a big law partner and tech entrepreneur. We have 2 nannies and a personal chef, and take 4 month long trips to Europe a year, but drive 20 year old Honda civics. It's so excessive of you to think about buying an 80k car. You should be buying ibonds instead.

Please tell me that you only buy your clothes at Old Navy too. If not I will know you are flaunting your wealth and/or have no regard for the planet.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm just an average person on DCUM, so we have a 5m hhi. My DW is SAH, and I'm both a big law partner and tech entrepreneur. We have 2 nannies and a personal chef, and take 4 month long trips to Europe a year, but drive 20 year old Honda civics. It's so excessive of you to think about buying an 80k car. You should be buying ibonds instead.

Please tell me that you only buy your clothes at Old Navy too. If not I will know you are flaunting your wealth and/or have no regard for the planet.

No, she definitely thrifts all the family’s clothing. No fast fashion! Duh.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm just an average person on DCUM, so we have a 5m hhi. My DW is SAH, and I'm both a big law partner and tech entrepreneur. We have 2 nannies and a personal chef, and take 4 month long trips to Europe a year, but drive 20 year old Honda civics. It's so excessive of you to think about buying an 80k car. You should be buying ibonds instead.

Please tell me that you only buy your clothes at Old Navy too. If not I will know you are flaunting your wealth and/or have no regard for the planet.

No, she definitely thrifts all the family’s clothing. No fast fashion! Duh.

Good point!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm just an average person on DCUM, so we have a 5m hhi. My DW is SAH, and I'm both a big law partner and tech entrepreneur. We have 2 nannies and a personal chef, and take 4 month long trips to Europe a year, but drive 20 year old Honda civics. It's so excessive of you to think about buying an 80k car. You should be buying ibonds instead.

Please tell me that you only buy your clothes at Old Navy too. If not I will know you are flaunting your wealth and/or have no regard for the planet.

No, she definitely thrifts all the family’s clothing. No fast fashion! Duh.

She has plenty of time as the Nannie’s, cook and housekeeper do it all including reasoning the kids. Kinda sad.

[Anonymous]

Lots of people buy $50k cars on less than $250k/year income, so what’s the big deal about a $80k car on $500k/year income? Honestly 80k is the new 50k when it comes to new cars.

[Anonymous]

Anonymous wrote:We have an $85k pickup truck. It’s a diesel Ram 2500. We needed it to tow our boat when we take it out of state and to get up the road to our mountain cabin in the winter. HHI is around $375k. Hate driving it in DC though.

We have a big expensive truck, but don’t tow anything. My DH just likes trucks. We also bought a 3rd compact car just for driving in DC or other congested areas.

[Anonymous]

What’s the difference between a 20k car on a 100k salary and a 100k car on a 500k salary? I don’t understand why people are scandalized by a purchase that isn’t expensive relative to income.

[Anonymous]

I don’t even want to spend that on two cars.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm just an average person on DCUM, so we have a 5m hhi. My DW is SAH, and I'm both a big law partner and tech entrepreneur. We have 2 nannies and a personal chef, and take 4 month long trips to Europe a year, but drive 20 year old Honda civics. It's so excessive of you to think about buying an 80k car. You should be buying ibonds instead.

I'd rather have a nice car than two nannies and a personal chef. That makes no sense to me why you need two nannies with a SAHM.

That was my comment, and it pains me deeply that what I viewed as clear sarcasm was mistaken for an actual comment. Such is the ridiculousness of DCUM.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm just an average person on DCUM, so we have a 5m hhi. My DW is SAH, and I'm both a big law partner and tech entrepreneur. We have 2 nannies and a personal chef, and take 4 month long trips to Europe a year, but drive 20 year old Honda civics. It's so excessive of you to think about buying an 80k car. You should be buying ibonds instead.

I'd rather have a nice car than two nannies and a personal chef. That makes no sense to me why you need two nannies with a SAHM.

That was my comment, and it pains me deeply that what I viewed as clear sarcasm was mistaken for an actual comment. Such is the ridiculousness of DCUM.

There are plenty of people who live like that.

[Anonymous]

Never.

[Anonymous]

Anonymous wrote:What’s the difference between a 20k car on a 100k salary and a 100k car on a 500k salary? I don’t understand why people are scandalized by a purchase that isn’t expensive relative to income.

You asked. We are responding. Do what you want to do. It’s your life!

I’d personally rather travel really well and have other things….

[Anonymous]

Anonymous wrote:I would have to be beyond thinking about an “income.”

Great point!

[Anonymous]

Personally, I doubt I would ever spend that much money on a car. Not really worth it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What’s the difference between a 20k car on a 100k salary and a 100k car on a 500k salary? I don’t understand why people are scandalized by a purchase that isn’t expensive relative to income.

You asked. We are responding. Do what you want to do. It’s your life!

I’d personally rather travel really well and have other things….

Well the person making only $100K needs a car. And really its difficult to get a decent new car under $20K (even worse in the past year conditions of chip issues).

It's a question of wants vs needs. The 100K car is a want, the 20K car is a basic need (unless you live in NYC). Both people can get the $20K car and have safe reliable transportation.
But if your budget allows it you can get whatever you want. I personally don't purchase "wants" with a loan or if I cannot afford to pay for them up front (ie I dont take a vacation that I don't have the $$ for immediately, I don't buy a $5K watch if I can't afford to pay for it immediately, etc).