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Reply to "If you drive an $80k+ car, what is your age and HHI?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m shocked how many people in our community have bought fully loaded Tahoe/Yukon/Suburban/Expedition so I looked up the pricing. OMG! If you spend this much, what is your age and HHI? We make in the 400’s and feel badly spending $50k. [/quote] I can but won't buy an expensive car. [b]Its a depreciating asset[/b] and I'm not interested in cars or showing off. I would rather invest or spend extra money on family and travel. Giving parents a peaceful retirement or kids a good private debt free education is a better use in my opinion.[/quote] Everything you spend money on doesn't have to be an appreciating asset. You spend money on travel instead. Travel isn't an appreciating asset. It's not even an asset. The money is all gone the moment you spend it. At least I could sell the car a few years later and get some money back. If you are looking at it from an asset angle, spending the money on a car is a much better deal. [/quote]
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