Quote:
Originally Posted by Hatterasguy
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. |
I agree it's OK, but I'm personally not willing to write a $60K check for any car. If I wanted a "new" E-class, I would find a good low mileage one for $30K and pay cash. OTOH, I would have no problem paying $15K for a good old car.
I also know folks with serious money who refuse to buy new cars because they are not good values (which is why they now have serious money).