/biz/ - Business & Finance

>>51239417
What car? The answer is still yes.

>10% of your wealth on a depreciating meme
Yes it's a great idea. Here's a better one: you can buy yourself that car but only under two conditions: you have to use income generated from the one million you have now so you can't touch the principle, and you have to buy it cash.

>>51239417
The real problem is you'll probably want another one within 5 years

cars are boring

>>51239417
You can only afford a $60k car.
Get a Toyota and call it a day.

>>51239417
buy a 5k car and fix it up with 20k and drive that for 5yrs. wasting 100k on a car you'll wannaa replace in a year or so? baad move thru and thru

Anyone that gives a fuck about the automotive jew should kill themselves
I got a cheap reliable honda for necessities
If you spend 100k on a fucking car use to gas yoursef in your garage at night

>>51239417
If you already own a working car, yes.

man i wish i fucking had 100k.

>>51239417
Buy a motorcycle so you die

>>51239458
Divide total income by 20 to figure out what car to afford? That’s smart anon

>>51239417
I assume you have a house first? If not, focus on that. Also, 100,000 is far too much for a car. Just get something decent and put the rest aside for repairs.

>>51239417
Get a sailboat with starlink instead

>>51239417
I have a little more than that, net worth maybe 2 mil, a lot in real estate. I bought a 100k car because I love cars and I didn’t want to wait until I was old. I also bought something that tends to hold its value better than others, I recommend getting something that doesn’t depreciate like crazy. I was also worried about cars like mine being harder to find in the future as big eating is encouraged. Do I didn’t want to miss out owning a car I love before it’s illegal.

It’s not the best financial decision but we gotta work for something. There are people is much worse situations buying expensive cars. Also, my income is pretty solid on top of having a net worth much higher than people my age so fuck it

>>51240391
What car?

I spent probably 5k on renting mcclaren, corvette c8, taycan, AMG GT mercedes, Porsche GT3, and a Tesla Y

I like Porsche the most

I want to say no but after seeing that TikTok where a bunch of salespeople in Texas have $1500/month car loans and then finding out that random models of Jeeps and normal pickups are like $70-90k I guess 100k isn't much anymore
>T. Only ever bought cars for $2500-15k in cash

>>51240425
It’s a Mercedes g550. It works well since I have a family, I can go off-roading and camping and have something capable if road conditions are bad, at the same time it’s just a nice car to take to the mall.

Other car I wanted was a 911, which I may get in the future but it’s just so much money to put into cars.

>>51239417
It’s fine. You might have to keep it for 20 years but it’s alright

>>51240636
>Other car I wanted was a 911
Porsche center in Atlanta has a small track you can rent a 911 GT3 for like $900 for 1.5 hours with an instructor.

It's probably more fun than actually owning it.
They have a small museum and it's like a 3 min drive from the airport.

>>51239417
How about you spend at least 500k on VINU and cash in from the daily 45% ups we are experiencing??
Seriously, you could duplicate your gains easily

>>51239417
Depends on how liquid that 1.2 million is

>>51239458
sounds about right.

>>51239441
Based

>>51239417
Horrible decision. Need to consider maintenance, insurance, and everything else that comes with it. Only acceptable when you have enough "fuck you" money to where you don't even need to think to ask this question.

>>51239417
From a purely financial point of view, yes. However car grants you status, which may be useful in the future

>>51240845
EVERYTHING FOR THE ANIME GIRL

>>51239417

OP it depends on your age/income and career trajectory. If you’re a NEET or low wage worker, absolutely not. If you’re a 50 year old boomer wanting to retire soon, absolutely not. However if you are fairly young (20’s/early 30’s) and make at least 200k or expect to soon I would allow yourself a 100k YOLO purchase if you had 1.2M banked since a high enough income will allow you to keep building your savings over time.

I am 28 and bought a 55k Tesla a few years back, I don’t regret it. I made 200k at the time and now make 300k, NW is only 600k but I’m adding to it and having fun with life along the way. The key is to find a balance between financial responsibility and having fun. If I had 1.2M right now I’d probably buy a Porsche 911 but only because I have a high income to offset this “stupid” purchase

>>51239417
How much do you enjoy driving?

>>51239417
maybe, fuck not buying anything because le bad depreciating asset
enjoy life, there's only one

Bought a $50k minivan, like driving a space ship.