/biz/ - Business & Finance

Is my dad making a bad decision by wanting to buy a $100,000 Maserati Levante SUV?

Stats:

Age: 60
Anticipated retirement age: 65
Current net worth: $750,000 portfolio and paid off $500,000 house.
Income: $150,000

I feel like he's having some kind (late) mid-life crisis by wanting to blow his money on a freaking car and I don't want to see them struggle in retirement. My mom doesn't work either. I also don't make enough ($60,000) to bail them out in case something happens. This is all Canadian dollars btw. I've been trying to convince him to buy something more reasonable in to $50,000 range but he ignores me. Also, it's not like he's always had shitty cars or anything. They've always bought new SUVs from Honda or VW, but nothing in this range. Thoughts?