Quote:
Originally Posted by 64-bit
You are correct IMO, if you don't make at least 100K you should not buy a car that costs 50K+, unless you have a big down payment which will bring the car to your 10% in 3 years
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I currently make around $45k, spent that amount on my BMW. I wouldn't recommend spending a years income on a car to the average person, but I own my house free and clear, have no dependents, only pay $150 a month for health insurance (I'm on Medicare) and I have about $200k in my investment portfolio. The $350 a month I pay for the car is no strain at all on my budget, so why not?