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For those of you who make over $85K/year....

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Married. Dual income. I make around 130-150K, wife makes around 40K. Last year, with our property, we made nearly 300K. Wife drives 2003 GMC Envoy. I use her old 99 Tracer as a daily and have an F350 for towing, work, etc. One 3 yaer old, 1 kid on the way.

We are building a 5000+ sq. ft. house right now. Investment + house > car to show off.
 
Originally posted by: Spamela
2006 F250 Diesel Crew Cab (what else to pull a trailer?).

i'm single now, BTW.
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When did you get a new truck?!?

Koing
 
Originally posted by: halik
Originally posted by: sygyzy
Originally posted by: halik
Originally posted by: Amused
Divorced.

A 1999 VW Passat. Paid off and in perfect condition.

I see no reason to make the single worst investment a person can make: Buy a new car... especially every 3-5 years.
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I disagree, leasing a car generally ends up a higher loss. Same thing goes for excessive rent. In either case you end up with no equity when the lease is up.

The car lease thing is not universal, though. With a $350//mo lease, you're expecting the car to depriciate 4100 bucks in one year/12K miles. This might be the case for a brand new domestic, but usually not for used foreign cars.
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I don't think you get it, halik. The alternative to not buying a brand new car is, wait for it, wait for it, buying a used car!
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I've never bought a new car before nor did I argue against buying used. My point was that leasing a car is even worse than buying a new car. Neither one is a good financial decision, though.
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amused's post went right over your head.
 
daily driver 1995 Audi A6 180,000miles (about to die...looking for something to replace it...)
weekend driver 1980 Porsche 911 76,000miles....

Single......
 
Originally posted by: ElFenix
Originally posted by: halik
Originally posted by: sygyzy
Originally posted by: halik
Originally posted by: Amused
Divorced.

A 1999 VW Passat. Paid off and in perfect condition.

I see no reason to make the single worst investment a person can make: Buy a new car... especially every 3-5 years.
Click to expand...

I disagree, leasing a car generally ends up a higher loss. Same thing goes for excessive rent. In either case you end up with no equity when the lease is up.

The car lease thing is not universal, though. With a $350//mo lease, you're expecting the car to depriciate 4100 bucks in one year/12K miles. This might be the case for a brand new domestic, but usually not for used foreign cars.
Click to expand...

I don't think you get it, halik. The alternative to not buying a brand new car is, wait for it, wait for it, buying a used car!
Click to expand...


I've never bought a new car before nor did I argue against buying used. My point was that leasing a car is even worse than buying a new car. Neither one is a good financial decision, though.
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amused's post went right over your head.
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He was just naming a worse decision than buying a new car; leasing one.
 
Married with 3 kids + house
98 Honda Accord for work commuting
97 Isuzu Trooper for weekend offroad camping trips etc
Don't care for new car payment
 
Originally posted by: pinion9
Married. Dual income. I make around 130-150K, wife makes around 40K. Last year, with our property, we made nearly 300K. Wife drives 2003 GMC Envoy. I use her old 99 Tracer as a daily and have an F350 for towing, work, etc. One 3 yaer old, 1 kid on the way.

We are building a 5000+ sq. ft. house right now. Investment + house > car to show off.
Click to expand...
No offence, but you're doing more "showing off" with a new 5000+sq ft house than a new car.
 
Originally posted by: chambersc
oh how I yearn for the day when I'm out of college and making the big bucks.
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Enjoy being young while you can, I assure you the day will come when you would trade everything you've accumulated to be a broke single college student again😉
 
Originally posted by: GuitarDaddy
Originally posted by: chambersc
oh how I yearn for the day when I'm out of college and making the big bucks.
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Enjoy being young while you can, I assure you the day will come when you would trade everything you've accumulated to be a broke single college student again😉
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yep I'll do it in a second. Unless i'm like the guys in entourage 🙂
 
Originally posted by: GuitarDaddy
Originally posted by: chambersc
oh how I yearn for the day when I'm out of college and making the big bucks.
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Enjoy being young while you can, I assure you the day will come when you would trade everything you've accumulated to be a broke single college student again😉
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LOL. If only I knew in college what I know now...
 
Unemployed/working for myself.

Current Yearly income = $000,000,000.00 per year.


I drive a 1999 Chevy Tahoe and also have a 2004 Honda Shadow Sabre.

Life is gooooooooooddd!!!
 
i'm gonna make over 85k in a few years when i'm out of school with the letters after my name 🙂

i'll probably still not be married by then... and that's completely sweet by me.
 
Originally posted by: eits
i'm gonna make over 85k in a few years when i'm out of school with the letters after my name 🙂

i'll probably still not be married by then... and that's completely sweet by me.
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Isnt gay marriage legal in MA?
 
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