I need a fancy new car

[Anonymous]

The Mercedes S class is a beautiful, classic car. Euromotor Cars has the best customer service that I have ever experienced and their service department is wonderful.

I also really like Porsche if you want more sporty.

[Anonymous]

Anonymous wrote:
Rest assured people are laughing at your cheapness.

Not the Pp, but she’s right. The richest people I know drive paid-off cars. They’re not luxury brands.

If cars are important to you, then go for it. Some people know that sinking $100,000 into a depreciating asset is a terrible financial decision. With insurance and taxes on it, the cost will be much higher than the lease price. If that’s what you want to spend your money on, go wild. You shouldn’t “laugh at cheapness” when it’s you who’s making a bad investment. Also, your “investment” will be driven around, left in parking lots and always at risk of being totaled. As long as you’re ok with that trade, spend as much as you want.

[Anonymous]

You people are being too hard on OP. When I was in my mid-20s and suddenly had a lot of disposable income, I bought (in cash) a fancy car because, like it or not, that is one of our culture’s signals that you’ve made it, and I was thrilled, and wanted to do my victory lap. I drove it a few years and had a ton of problems with it, and got rid of it for a Honda Civic. I’ve never driven a luxury car since. But, OP- do it! You only live once.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL, you couldn't pay off student loans before hitting one million. Troll Fail.

But if not, you either don't know how many 0's are in 1 million, or you really suck with money. If the latter, you should buy a Kia, because even that's more fancy than you can handle.

We had 300,000 in student loans. How quickly should we have paid them off pp?

If you're making 1$million/year, 500K to taxes, that leaves you with 500K in disposable income. You could have paid those loans off in a year unless you're doing some crazy spending.

And you could have read the part of the op where she says she only started making 1 million in the current year.

Geuss the worn out suspension on your 1996 Camry has shaken your head

So she was making 70K$ last year and suddenly went up to 1 million? I doubt it. Most people's incomes don't fluctuate so much. Even if OP was making *only* 800K last year and 600K the year before, there's no reason to not have paid off 300K in student loans in 2-3 years time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We earn over 1m per year too, OP, and drive a Honda and Toyota that are each over 10 years old that we paid for in cash. Rest assured that people are laughing at you for your self-proclaimed superiority (e.g. your obnoxious earlier post to a PP about relative percentages of income). Drive whatever the hell you want to drive, but maybe spend some of your money on therapy to get an understanding of why you feel so compelled to be an asshole. It will likely be money better spent.

True spirit of rich.

+1. OP clearly is new money and wants to look like new money. Go for it, OP. Switch your fancy lease out whenever you feel like it so you can try all the gauche looks you can find. Sincere congrats on the success. Sincere condolences on your outlook.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Rest assured people are laughing at your cheapness.

Not the Pp, but she’s right. The richest people I know drive paid-off cars. They’re not luxury brands.

If cars are important to you, then go for it. Some people know that sinking $100,000 into a depreciating asset is a terrible financial decision. With insurance and taxes on it, the cost will be much higher than the lease price. If that’s what you want to spend your money on, go wild. You shouldn’t “laugh at cheapness” when it’s you who’s making a bad investment. Also, your “investment” will be driven around, left in parking lots and always at risk of being totaled. As long as you’re ok with that trade, spend as much as you want.

Stop lying lol

I live in Long Island in a neighborhood where all the houses are above 2.5 million. The only old cars belong to the maids/gardeners...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Rest assured people are laughing at your cheapness.

Not the Pp, but she’s right. The richest people I know drive paid-off cars. They’re not luxury brands.

If cars are important to you, then go for it. Some people know that sinking $100,000 into a depreciating asset is a terrible financial decision. With insurance and taxes on it, the cost will be much higher than the lease price. If that’s what you want to spend your money on, go wild. You shouldn’t “laugh at cheapness” when it’s you who’s making a bad investment. Also, your “investment” will be driven around, left in parking lots and always at risk of being totaled. As long as you’re ok with that trade, spend as much as you want.

Stop lying lol

I live in Long Island in a neighborhood where all the houses are above 2.5 million. The only old cars belong to the maids/gardeners...

Yes, LI is known for its understated elegance.

[Anonymous]

OP doesn’t have to buy a new car. She can buy a used fancy car and a lot of these issues will not be as problematic. She can get a nice used bmw for 30ish.

[Anonymous]

Anonymous wrote:OP doesn’t have to buy a new car. She can buy a used fancy car and a lot of these issues will not be as problematic. She can get a nice used bmw for 30ish.

Leasing new BMW > Buying new BMW > Buying out-of-warranty BMW

[Anonymous]

Anonymous wrote:Our HHI is finally over 1 million dollars and we've finally paid off student loans and we've decided to start living well.

As part of our reward DH and I have decided to lease new luxury cars (no more buying for us HA)

We don't know anything about cars and live in Potomac so we will be spending 30-45 minutes in commute each day

TIA!

Congratulations on your million dollar income! Wow! You are probably the very first couple to achieve an HHI that is so high DCUM.

I'm so glad you live in Potomac because that is where all the BEST people live. Aren't you happy about that? You must be the very elite. Wow!

And you've paid off your student loans! What an achievement!

Now why aren't paying for cash for your cars? Why are you wasting your money on a leased car?

Other than bragging about your fantabulous HHI, why don't you get on the internet to research cars?

-Someone who paid cash for new (nice) cars, paid off students, have no credit card debt, actually have no debt at all, paid off 25 year mortgage after 9 years

[Anonymous]

white Tesla SUV or silver Benz G Wagon.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We earn over 1m per year too, OP, and drive a Honda and Toyota that are each over 10 years old that we paid for in cash. Rest assured that people are laughing at you for your self-proclaimed superiority (e.g. your obnoxious earlier post to a PP about relative percentages of income). Drive whatever the hell you want to drive, but maybe spend some of your money on therapy to get an understanding of why you feel so compelled to be an asshole. It will likely be money better spent.

True spirit of rich.

+1. OP clearly is new money and wants to look like new money. Go for it, OP. Switch your fancy lease out whenever you feel like it so you can try all the gauche looks you can find. Sincere congrats on the success. Sincere condolences on your outlook.

Really? And what is your pedigree? Give me a break! So she is new money. Good for her, she earned it, unlike the old money snobs who didn't have to do anything to earn it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We earn over 1m per year too, OP, and drive a Honda and Toyota that are each over 10 years old that we paid for in cash. Rest assured that people are laughing at you for your self-proclaimed superiority (e.g. your obnoxious earlier post to a PP about relative percentages of income). Drive whatever the hell you want to drive, but maybe spend some of your money on therapy to get an understanding of why you feel so compelled to be an asshole. It will likely be money better spent.

True spirit of rich.

+1. OP clearly is new money and wants to look like new money. Go for it, OP. Switch your fancy lease out whenever you feel like it so you can try all the gauche looks you can find. Sincere congrats on the success. Sincere condolences on your outlook.

Really? And what is your pedigree? Give me a break! So she is new money. Good for her, she earned it, unlike the old money snobs who didn't have to do anything to earn it.

22:13 here. We earned every single dollar. We are not old money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Our HHI is finally over 1 million dollars and we've finally paid off student loans and we've decided to start living well.

As part of our reward DH and I have decided to lease new luxury cars (no more buying for us HA)

We don't know anything about cars and live in Potomac so we will be spending 30-45 minutes in commute each day

TIA!

Congratulations on your million dollar income! Wow! You are probably the very first couple to achieve an HHI that is so high DCUM.

I'm so glad you live in Potomac because that is where all the BEST people live. Aren't you happy about that? You must be the very elite. Wow!

And you've paid off your student loans! What an achievement!

Now why aren't paying for cash for your cars? Why are you wasting your money on a leased car?

Other than bragging about your fantabulous HHI, why don't you get on the internet to research cars?

-Someone who paid cash for new (nice) cars, paid off students, have no credit card debt, actually have no debt at all, paid off 25 year mortgage after 9 years

Fuck you

[Anonymous]

But you aren't a car geek or a car person...that would be different.

Spend it on something you really like and you'll enjoy. Is it a vacation? House upgrade? What is it you dreamed about since you were a kid?

Celebrate your success with something for your interests.