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First to fail !SG evar! Now i have yellow fever...
Join Date: Jan 2010
Posts: 1,482
Thanked 2,431 Times in 475 Posts
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^ not so...there are many people that have $100k cars as their only car. I would rather have 1 awesome $100k car than 2 "normal" $50k cars. How many people daily drive Range rovers, SL's, M3's, 911, S-class, 7-series, etc..
^ You're completely missing the point. People who make "just enough" to be able to buy a $30K, $50K or $100K car shouldn't be buying a car that's at the limit of what they can afford (or what the bank will loan them). That's poor money management.
Pretty much everyone I know with a $100K car already has several cars, and could afford several $100K cars if they wanted (though I know a couple idiots who've stretched their financing to get into a high end car).
^ You're completely missing the point. People who make "just enough" to be able to buy a $30K, $50K or $100K car shouldn't be buying a car that's at the limit of what they can afford (or what the bank will loan them). That's poor money management.
Pretty much everyone I know with a $100K car already has several cars, and could afford several $100K cars if they wanted (though I know a couple idiots who've stretched their financing to get into a high end car).
Could afford, doesn't mean they are willing to afford. Just because you are willing to buy one car priced around 100k doesn't mean you have poor money management. Also don't forget the rich kids whose parents will buy them one nice expensive car but unlikely give them two.