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Reply to "At what income is it appropriate to buy a 200k car?"
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[quote=Anonymous]What other fancy stuff do you want to buy? IF this is really it, then it's fine. But if the $200k car goes with similar vacations, food, second home, clothes, etc you should go over your priorities first. Investing in a house has a better ROI which is why people feel more comfortable with it than investing in consumables like cars. How about renting the car he craves for a month? Even at $10k or something exorbitant he can see if he really wants it before taking the full plunge. Are your kids' college funds fully vested, do you have life insurance, a retirement plan? Plan for if DH loses his job? Have you paid off your house? Take this time with a fun step to also make sure you are 100% grown up -- meet with a financial planner (no investment advice, just running the #'s and getting insurance) [/quote]
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