Quote:
Originally Posted by Craig
Hopefully true for most people, but a couple of observations;
Someone with a low six-figure income ($100-300K) in not going to accumulate wealth by buying $100K cars, the numbers just don't work. A $40K car is more appropriate.
Someone with that level of income has no excuse not to pay cash for their cars, and writing a check that large for a car will make you think twice.
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My rule is you can and should buy whatever toy you want, as long as you pay cash.
The flipside of the rule is writing the check on big toys is hard so this has a limiting affect on spending.
$100k for a car is a lot, but half that is pretty reasonable. Nothing wrong with a nice new E class or used S. If you can afford it.