Reply to At what income is it appropriate to buy a 200k car?

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Reply to "At what income is it appropriate to buy a 200k car?"

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[quote=Anonymous]OP, I don't think you are asking the right question. Whether it is appropriate to buy any expensive item depends on its cost and utility and your specific circumstances.  If you had a 9 figure net worth and a $50K HHI, you'd still be okay financially buying the car.

Though not quite $200K, DH has been talking about maybe getting a Tesla Model X as his next car (when his Leaf lease runs out). We have a net worth of $1.5-2M, almost fully-funded college for a 3 y.o. and an infant, stand to inherit 7 figure sums from both sets of parents, and a high six-figure HHI (a little less than half of yours).  I'd be okay with his buying one, cash, because he never buys anything for himself and we can afford it.  Except for childcare, we pay all of our monthly expenses (mortgage and bills) from his take home after taxes and savings...and he only gets half his income via salary, meaning we just bank his bonus right now...and he could use it instead to buy this car with some left over.[/quote]

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