make 50K/year or a little less and go out and buy a 60K car?

[RaiseUp]

not bad.

 

[m2kewl]

lol, guy's crazy. but whatever floats his boat.

 

[Noirish]

sheesh, i think my $22k jetta is already expensive and i'm making more than he does.
he has a ego problem.
he probably wants to impress chicks or something.
you never buy anything more than your salary unless it's a house.

 

[kalster]

wow,

I make a significant amount more than him, but I bought a 5000$ camry

but its a matter of choice, I hope he doesn't regret buying something out of impulse if and when he is in debt

 

[hysperion]

m3's are overpriced imho 60k for a fairly common car that soccer mom's drive...not saying it isn't nice...just not 60k nice

 

[mchammer187]

Originally posted by: hysperion
m3's are overpriced imho 60k for a fairly common car that soccer mom's drive...not saying it isn't nice...just not 60k nice

I can assure you that this isnt a common car that soccer mom's drive

 

[oogabooga]

Originally posted by: mchammer187

Originally posted by: hysperion
m3's are overpriced imho 60k for a fairly common car that soccer mom's drive...not saying it isn't nice...just not 60k nice

I can assure you that this isnt a common car that soccer mom's drive

agreed
a rule of thumb i've tried to live by (though not always) is to make sure i have twice the money of what i want to buy in my bankaccount before i buy it. So when i bought my car, (a 93 g20) for about 1500, i made sure i had about 3k in teh bank before i shelled out the cash. Mainly cause this will make sure i can afford to buy it, without taking leaving me financially floored. I may not have much cash in the bank (i'm a college student) but i try to spend it wisely

taking such a long term loan.. it seems like a bad idea. I hope he isn't planning on living with his parents for the nest 8 years.. no family of his own, house, wife, etc. these may be things he'll want later. well, best of luck to him i suppose...

 

[Mik3y]

wow, wut an idiot!

 

[Dacalo]

Not financailly prudent, but it's his choice how he should spend his hard earned money.

 

[bozack]

Originally posted by: Achtung
Eh, a lot just depends on how you were raised. If his parents had taught him well, he wouldn't be wasting money like that. An M3 is sweet to be sure, but buying a car that costs >100% of your salary is just plain ridiculous. You can say its just a "one shot" or a "vice", but that financial mentality will be a part of his life, and it almost certainly won't stop with the car.

his father always had nice cars, mostly BMW and mercedes, but then again they owned a resturaunt and made a good deal of money.

 

[bozack]

Originally posted by: Achtung

Originally posted by: bR
Even worse... he got ridof an E36 for an E46 :thumbsdown:

Yeah and if it was the sedan he had before... oh man he traded in one of the top cars of the past decade for a Bangle-mangle....

he had a four door sedan I believe but it was auto not stick.

 

[nageov3t]

if he's living at home and doesn't have much outcome, I don't see the big deal.

sure, he'll be stuck at home for the next few years, but if he's alright with that...

 

[DeeKnow]

Originally posted by: bozack
like I said above, more power to him if he is happy with it, but personally I just cannot understand how some can be able to justify such large purchases without steady employment and or a high salary.

that's how life works... three quarters of the population haven't got a clue
which is actually fine for ppl like you... if everyone in the country wizened up and started hunting down the 18 month old cars with 9,000 miles on them - where would you get that deal ???

 

[DeeKnow]

Originally posted by: bozack

Originally posted by: 0roo0roo
its people like that who should be given the responsibility of managing their own social security funds

he would be screwed

correction: he is already screwed...

 

[SpunkyJones]

Dam, I have better vices to spend $600.00 a month on than some car.

 

[Pacfanweb]

Originally posted by: bozack
switched to a new contract making the same money and moved home

If this means he moved in with his parents, then he has plenty of extra cash now.

 

[LeadMagnet]

chicks dig guys with expensive cars, of course they assume he has money. When he takes them back to his parents they'll really be impressed.

JackAss

 

[DurocShark]

Originally posted by: benchiu
Everyone has a vice, I'd rather save my money for something else, but if it makes him happy and he's not supporting a family, why not?

DINGDINGDING!!!

Exactly. Nobody is suffering but him. I'm making 50k, but have NO car payments. I'm supporting my wife and 2 kids in SoCal on that money, so I don't even consider anything besides essentials anymore.