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

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

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[quote=Anonymous]I'm 29 and DW is 30. I make 290k (possibly and likely more if my employer does well) and she makes 120k so HHI is ~410k. Both of our jobs are very stable. Planning to start trying for kids in the next 2-3 months.

The numbers:

~300k in home equity (850k home value, 500k left on mortgage)
400k in retirement
160k in brokerage/investments
60k saved for college
100k liquid savings as an emergency fund

We max out 401ks, liquid e-fund could sustain our spending for 12+ months, any excess every month is put into VTSAX, we wear cheap clothes from Target and Amazon, and vacation/weekend away consists of going to my in-law's place on the water in DE.

I feel like we're doing everything right financially and on a good trajectory for 1) paying full freight for our two planned children's college tuition and 2) early retirement at a SWR that's comfortable for us.

I really like cars and want to have an indulgence. DW is not a car person and doesn't really care for expensive/flashy stuff in general but thought the RR and LX were both really nice SUVs. She's on board in that if I really want it I should treat myself. It would also make a lot more sense in the near/mid-term than something like a 911.

What does everyone think? If no, then when would a "smart" (as smart as an emotional purchase like this can be) time be?[/quote]

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