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Reply to ""luxury" cars - why? "

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[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]

Why can’t you stomach the cost? Are you worried about something? [/quote]

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