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][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

...

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

You live in cheap for DMV home and have a 500k mortgage and 260k.  105K vehicle?  OP got it right on it's an emotional purchase.  I guess you can handle a monthly lease payment.  Possible if either one of you is unemployed?  One of my adult DC's lives in a cheap for DMV home and there is no garage.  Where will the 105k Range Rover live?  The on street parking?  An assigned spot outside the townhouse?

Do you play bumper cars at Magruders or Bethesda Whole Foods?[/quote]

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