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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I make a lot of money and just can't see myself spending $100,000 on a car. But, I will spend $35-40,000 on a used Mercedes coming off a 3 year lease with only 20,000 miles. I get it for about 60% of the original price. So I drive a nice luxury car without the luxury price. [/quote]

This.  Our HHI is over $1m but I'm happy with my 10 year old Toyota SUV with over 100k miles.  Still looks nearly new and is very reliable.  I'd love a new Porsche Panamera or Mercedes SUV but can't mentally stomach the cost.  Once it's finally time to get my next car, I'd consider doing what PP suggests -- buying a lightly used "luxury" vehicle.  Unless there's something really special about a particular new car, such as really great safety features that last year's used models don't have, I don't want to have the 20+ percent 1st year depreciation that comes with new cars.  Fortunately, my spouse and I are on the same page about this sort of thing![/quote]

These people with their old Toyota’s and Honda’s just crack me up. How come I never meet you IRL!  Ha ha. On my street in NWDC and my parking garage at work the majority of cars are BMW (X5), Mercedes (M and GL), Volvo SUV, smattering of Mazda crossovers.

Nobody had ten year old Honda’s. Just saying. I guess you’re just so much more prudent then the rest of the UMC. [/quote]

First, someone with a HHI of over $1m isn't UMC.  Second, the PP takes it to ridiculous levels.  If you want something you can clearly afford, and deny it to yourself not because you are making a trade-off, or because of other priorities, bust just because you "can't stomach the cost," you're kind of an idiot.  [/quote]

For me it's a matter of priorities. I drive a "lightly" used Mercedes (in fact I have two of them) but I always fly first class. Many people would prefer to buy a new MB but fly in coach.

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