Does anyone drive $100,000 car here

[jjgold]

Bobby closest

Mine like $2300 book value

 

[BobbyFK]

My car was around 60K when I bought it

 

[edawg]

Drive a $1000 car but it has over 100,000 K on it.

 

[BobbyFK]

Drive a $1000 car but it has over 100,000 K on it.

As long as it runs and gets you where you need to go

 

[djefferis]

What matters is what you OWE on a car (or any depreciating asset).

Much better off buying reliable vehicles for cash than owing high interest loans on some modern car that depreciates ridiculously fast.

Best balance for many is somewhere in the middle.

I remember when a 100k vehicle meant “super car” - not it means luxury half ton truck. It’s ridiculous what people pay for utter crap. Ohhh - my pickup now comes with a 450 hp engine….yea, wow - I can build a damn nice 70s square body with similar performance for around half that AND my truck will still sell for 75% of what I spent in 5 years - good luck claiming that on your 5 year old used auto.

We overpay for incremental luxury - or what someone convinced us was a “luxury”. We do it with cars, houses and just about everything. I remember the old man who lived down the road from me growing up - he was never married, lived in a older home that was his parents farm - never drove a car newer than 15 years old, never spent money on much of anything. In a way I think he was way smarter than anyone around him.

Sad part though - health declined, went into state care - no relatives so his assets went into a trust and the attorney handling the trust wound up buying the property - shortly before it was developed into one of the largest units in the Utica shale. If dude could have hung on 5 more years he’d have been a millionaire many times over.

 

[BMR Genie]

As long as it runs and gets you where you need to go

True. Every car will bring you to the right destination. What you're paying for expensive cars is the comfort.

 

[jjgold]

A car defines who you are

 

[BMR Genie]

A car defines who you are

Maybe particularly for high-pride men? But I know.. a car is a toy for men..

Others like me think it's just a form of transportation.

 

[Tanko]

A car defines who you are

Why does this make me think you drive one of these JJ?

 

[KingKolzig]

JJ picking up a poster at the reno airport in a yugo would be awkward

 

[str]

What matters is what you OWE on a car (or any depreciating asset).

Much better off buying reliable vehicles for cash than owing high interest loans on some modern car that depreciates ridiculously fast.

Best balance for many is somewhere in the middle.

I remember when a 100k vehicle meant “super car” - not it means luxury half ton truck. It’s ridiculous what people pay for utter crap. Ohhh - my pickup now comes with a 450 hp engine….yea, wow - I can build a damn nice 70s square body with similar performance for around half that AND my truck will still sell for 75% of what I spent in 5 years - good luck claiming that on your 5 year old used auto.

We overpay for incremental luxury - or what someone convinced us was a “luxury”. We do it with cars, houses and just about everything. I remember the old man who lived down the road from me growing up - he was never married, lived in a older home that was his parents farm - never drove a car newer than 15 years old, never spent money on much of anything. In a way I think he was way smarter than anyone around him.

Sad part though - health declined, went into state care - no relatives so his assets went into a trust and the attorney handling the trust wound up buying the property - shortly before it was developed into one of the largest units in the Utica shale. If dude could have hung on 5 more years he’d have been a millionaire many times over.

Speaks volumes as to trusting an attorney to do what is best for you.
That’s sad.

 

[jamesy2422]

i have a $45K car and that is my limit (till 50K if I really had to) given my circumstances and what I want in the future.

I know guys with $1400 car payments that live at home and/or don't pay child support. drive a nice mercedes but have nothing else.

 

[str]

i have a $45K car and that is my limit (till 50K if I really had to) given my circumstances and what I want in the future.

I know guys with $1400 car payments that live at home and/or don't pay child support. drive a nice mercedes but have nothing else.

Depreciation is slow and painful.
Appreciation is slow and rewarding.
Always preferred the latter.

 

[JDS]

i have a $45K car and that is my limit (till 50K if I really had to) given my circumstances and what I want in the future.

I know guys with $1400 car payments that live at home and/or don't pay child support. drive a nice mercedes but have nothing else.

Those type of men, usually lie constantly about their lifestyle & independence to impress women to get their dick wet, fuckin’ clowns at some point the women realize who they are & bounce.

 

[jjgold]

$50,000 car I would have more respect

 

[str]

$50,000 car I would have more respect

Can’t buy respect .

 

[canuckg]

Only 60k here

 

[JDS]

Can’t buy respect .

Quote of the day.

 

[Tanko]

Can’t buy respect .

Exactly....
People who think they can buy respect are kidding themselves. They only have sycophants in their entourage that only respect their money... until its gone.

 

[djefferis]

I know guys with $1400 car payments that live at home and/or don't pay child support. drive a nice mercedes but have nothing else.

First - in my experience many people driving entry level euro taxis are as big of douchebags as those “rednecks” driving around their lifted trucks with all the stupid stickers in the windows and a 6 pack of White Claws in the cooler.

Not going to say everyone who drives a C class or 3 series is a POS of course - just the chances of finding one driving them is higher.

It’s just natural they draw a particular type of person as they exhibit similar personality traits. I lived at home and drove a new sports car when I was 19…by 20 I was on my own as I hustled my ass off - I saw where I was headed and didn’t like it.

The funniest ones to me are all the “foreigners” with this level of car/car payments- it’s funny but they were pretty easy to profile when I had an office at a dealership. Young, male, Indian, recent IT hire at one of the big data centers - probably first job out of college and suddenly making 80-120k a year. Show up and want to lease a new “luxury” car - but found a place other side of the country advertising a price online that beats anyone out there by 8k and wants local dealer to beat that. Also wants to negotiate completely via email and probably forwarding your emails with your “best” price on an in stock car to every dealer in a 350 mile radius trying to save $3 a month on a $1200 payment.

Then there were the “hood” types - dealer would put a 20 year old luxury car out and would get a billion inquires from them and their no verifiable income source and 456 credit score - asking if they can include rims in the payment. At least those guys were a constant source of entertainment- the Indians just annoying as hell when they would bother to come in. My office was next to the “closing” room and some of the conversations were hilarious.