Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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 always buy my cars with a 0 or low interest rate loan. Has nothing to do I do with needing to take out a loan. Please don’t tell me I have spell out the why to you.

Good luck finding a 0% rate after the Fed hikes rates again tomorrow. Those days are over for a while.

That has less to do with the Fed Funds Rate and more to do with a shortage of vehicles. If the chip shortage eases and car manufacturing catches up and we hit a recession, you'll see all kinds of dealer incentives again, including zero interest. They're better off selling the car than having it sit on the lot, even if they have to carry the note.

Anonymous wrote:I'm just an average person on DCUM, so we have a 5m hhi. My DW is SAH, and I'm both a big law partner and tech entrepreneur. We have 2 nannies and a personal chef, and take 4 month long trips to Europe a year, but drive 20 year old Honda civics. It's so excessive of you to think about buying an 80k car. You should be buying ibonds instead.

I'd rather have a nice car than two nannies and a personal chef. That makes no sense to me why you need two nannies with a SAHM.

$2m

My car is a dog/kid mobile. I’d rather have an inexpensive vehicle where I don’t care if someone spills something, or dog hair becomes part of the upholstery than one I would have to be meticulous about.

We have an $85k pickup truck. It’s a diesel Ram 2500. We needed it to tow our boat when we take it out of state and to get up the road to our mountain cabin in the winter. HHI is around $375k. Hate driving it in DC though.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I spent 100k on one car and 90k on another car within the last year, hhi 450k. I guess if you are house poor or waste money on private school then you can't afford the nice things in life. Somebody said 1 million lmao. On 1 million you can get a lambo easily

For some people, half their HHI sitting in the garage is "the nice things in life," for others it's private schools or a more expensive house. Nobody is right or wrong, they're just different people.

Actually I'm pretty sure that the people who are storing half their HHI in the garage are, in fact, wrong.

How do you even store half your HHI in a garage? Are you assuming people buy a new expensive car every year?
My DH is into luxury cars. He sold a car this year for 159k more than he bought it for. Just saying…

Anonymous wrote:

Anonymous wrote:I spent 100k on one car and 90k on another car within the last year, hhi 450k. I guess if you are house poor or waste money on private school then you can't afford the nice things in life. Somebody said 1 million lmao. On 1 million you can get a lambo easily

For some people, half their HHI sitting in the garage is "the nice things in life," for others it's private schools or a more expensive house. Nobody is right or wrong, they're just different people.

Actually I'm pretty sure that the people who are storing half their HHI in the garage are, in fact, wrong.

I'm not rich, but I still plan to spend $80K on a Rivian R1S.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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 always buy my cars with a 0 or low interest rate loan. Has nothing to do I do with needing to take out a loan. Please don’t tell me I have spell out the why to you.

Good luck finding a 0% rate after the Fed hikes rates again tomorrow. Those days are over for a while.

Ok then I’d pay cash? 6 one way half dozen the other.

Anonymous wrote:

Anonymous wrote:Never. Waste of money.

This. I would prefer to feed the hungry, house the homeless, etc., rather than spend that much on a depreciating vehicle

Your beacon of virtue signals bright.

Never.

Anonymous wrote:

Anonymous wrote:I spent 100k on one car and 90k on another car within the last year, hhi 450k. I guess if you are house poor or waste money on private school then you can't afford the nice things in life. Somebody said 1 million lmao. On 1 million you can get a lambo easily

For some people, half their HHI sitting in the garage is "the nice things in life," for others it's private schools or a more expensive house. Nobody is right or wrong, they're just different people.

maybe wealth is a better measure

I'm just an average person on DCUM, so we have a 5m hhi. My DW is SAH, and I'm both a big law partner and tech entrepreneur. We have 2 nannies and a personal chef, and take 4 month long trips to Europe a year, but drive 20 year old Honda civics. It's so excessive of you to think about buying an 80k car. You should be buying ibonds instead.

Anonymous wrote:I spent 100k on one car and 90k on another car within the last year, hhi 450k. I guess if you are house poor or waste money on private school then you can't afford the nice things in life. Somebody said 1 million lmao. On 1 million you can get a lambo easily

For some people, half their HHI sitting in the garage is "the nice things in life," for others it's private schools or a more expensive house. Nobody is right or wrong, they're just different people.

I spent 100k on one car and 90k on another car within the last year, hhi 450k. I guess if you are house poor or waste money on private school then you can't afford the nice things in life. Somebody said 1 million lmao. On 1 million you can get a lambo easily