How much income would you need to afford a car like this?

[Bignate603]

It really depends on how much you value the car. I know a guy at work that earns a little more than me and has a Ferrari. It's an older one, but it's still a Ferrari and because he drives it he spends quite a bit to maintain it in top condition. He's 100% financially stable because he's chosen to not spend money on other things. Relatively small house, doesn't spend money on gizmos, most vacations involve him doing things with his car rather than traveling. He values that car more than the other things he gave up to get it, so he can afford it on less than most people think it requires to own a Ferrari.

 

[alkemyst]

I'd have to make a hell of a lot of money to pass by #3, that's the limit of what I'm willing to pay. $25k-$30k buys plenty of fun stuff. Not saying the higher end cars aren't worth it, just not worth it for me.

I am debating $35kish vs $50kish

newer SRT8 Charger, E46 M3 vs 09+ CTS-V, Audi (R)S4/5...

 

[Bryophyte]

My spouse looks out in the parking lot at his work, at all of the luxury cars, and laughs. His long-paid-off Ford F-series pickup runs great and looks good and costs little more than gas and insurance to run.

 

[alkemyst]

My spouse looks out in the parking lot at his work, at all of the luxury cars, and laughs. His long-paid-off Ford F-series pickup runs great and looks good and costs little more than gas and insurance to run.

Unfortuately, I am willing to bet most would not think it looks that great. Also chances are many of those luxury cars are close to or already paid off...even if not the payment in that bracket is usually money not even missed.

 

[Raduque]

I guess I would be a .5? My car was free, and then I spent a few hundred dollars getting it running/registered and now fixed after the accident.

 

[Bryophyte]

Eh, we're in the same bracket as they are. We're not the poor slobs looking at the rich and powerful and feeling jealous. We just consider it a big fucking waste of money to buy a luxury car. Our truck is useful, paid off, and good looking, and the money we save pays for our boat (which cost considerably more than most of those luxury cars.)

 

[Bignate603]

Unfortuately, I am willing to bet most would not think it looks that great. Also chances are many of those luxury cars are close to or already paid off...even if not the payment in that bracket is usually money not even missed.

And I'm willing to bet that you care more about appearances than most.

Also, buying a luxury car doesn't automatically mean that you're paying cash or are even that rich. Plenty of people buy more expensive cars than they really can afford and pay huge amounts of interest.

 

[AreaCode707]

Between my husband and I, we have an "average ATOT" income, and yet I am almost certain we will never level up past car #2. Good condition is about all I can hope for from a vehicle. Buying something that loses value the moment we drive it is not why we work our tails off. It's simply not worth it.

 

[Bryophyte]

Between my husband and I, we have an "average ATOT" income, and yet I am almost certain we will never level up past car #2. Good condition is about all I can hope for from a vehicle. Buying something that loses value the moment we drive it is not why we work our tails off. It's simply not worth it.

Yeah, this is our reasoning as well.

 

[alkemyst]

And I'm willing to bet that you care more about appearances than most.

Also, buying a luxury car doesn't automatically mean that you're paying cash or are even that rich. Plenty of people buy more expensive cars than they really can afford and pay huge amounts of interest.

Most aren't though, they couldn't get the loans today.

Also many probably have boats and other toys, at least that's how it works around here.

Randomly perhaps not, looking at your office parking lot probably.

 

[halik]

I've got hard time spending more than $20-$30k on a car even with 150K+ income. Can't stand the depreciation and would rather put that money towards grad school loans. Also I'm told I'm cheap.

 

[KingstonU]

My net worth would have to be about 10x each of those price points listed to even consider them as an option to buy.

Totally surprised by this answer. But after thinking about it this really makes sense!

 

[alkemyst]

Totally surprised by this answer. But after thinking about it this really makes sense!

that you'd have a car worth more than your gaming computer?

 

[Powermoloch]

I was able to get a car w/in a day @ category 3. 0% APR :awe: 60 months