Never.

Anonymous wrote:I’d do it now at 500k, just not a car person.

What would the payment be in something like that? 1.3k/mo with some money down? That’s just noise.

After all my deductions, including 2 401k, health, HSA I’m bringing in nearly 25k/mo. I’m not gonna miss 1300.

If you need to do it on credit, you shouldn't be buying it. Seriously, I haven't had a car loan for 20 years. And don't give me any BS about your money working for you. The last 6 months have proved that's not the case.

I would have to be beyond thinking about an “income.”

$1m. We just ordered an $80k car and we are in the $1m+ range. It still gives me pause. But we keep cars for 8-10 years, this one is replacing a 10 year old car, so it doesn't seem as bad when you consider the annual cost.

I’d do it now at 500k, just not a car person.

What would the payment be in something like that? 1.3k/mo with some money down? That’s just noise.

After all my deductions, including 2 401k, health, HSA I’m bringing in nearly 25k/mo. I’m not gonna miss 1300.

I know people making less than 100k buying 100k boats.

Anonymous wrote:We're at 400K/year and 2.5M in assets and can't imagine doing that. So maybe 750K/year.

But I'm not the average american. I see tons of people driving around 60-80K trucks. I'm guessing the average american would say something very different.

I think the average ford raptor owner makes far less than 100k while the truck is around 80k.

250-300k.

Only if you could pay in cash after maxing out every other tax advantaged account, 529s, and saved 10% of your income in in a brokerage.

A car at that price is TOY. Treat it as such.

We have been over $500k for several years now (sometimes slightly sometimes significantly) and we have a 10 yr old Toyota and 5 yr old Subaru. But we do send our kids to private school.

We're at 400K/year and 2.5M in assets and can't imagine doing that. So maybe 750K/year.

But I'm not the average american. I see tons of people driving around 60-80K trucks. I'm guessing the average american would say something very different.

$150K.

Anonymous wrote:Never for me. I would have to be absolutely loaded and even then, it’s dumb.

This. No matter how much money I earn/have, that’s just dumb.

$1M

Anonymous wrote:

Anonymous wrote:$500k

Seems foolish if you don’t have significant net worth.

When I have enough saved specifically to buy the car with cash. Have purchased our last 6+ vehicles [all being luxury/over $40K except for the kid's vehicles] with cash. Once you have comfortably saved enough for retirement (or are well on track), college, vacations, each new car at the $40-50K level and own your home outright (no mortgage needed), it's not that big of a deal to add $20-30K to be saved for the next step up in vehicle if that's what you really want. You budget and wait until it's saved to purchase. Currently driving a 12+ yo luxury car and might replace it in 1-2 year, once cars become more readily available and I don't have to overpay for a new car.

But I have not spent that much yet, as it seems not worth it and insurance would be significantly more---for now I'm happy with my old $50K originally luxury vehicle.