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Reply to "If you drive a luxury vehicle, what is your HHI and net worth?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it’s interesting how everyone in this thread is high earning and buys instead of leases. We buy our cars and drive for many years. I have friends who lease and change cars every 3 years. Seems like a waste of money to me. [/quote] High-earning individuals don't always make financially savvy decisions. I wouldn't move my money from a well-performing investment to purchase a depreciating asset. [/quote] But you would take $10000 and spend it on a vacation, which is a totally bad investment and a pure waste of money. It doesn't produce a penny. It's even worse than a depreciating asset. The money is immediately gone like flushed down the drain within days. At least I can enjoy my car for years. [/quote]
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