Quote:
Originally Posted by GMe90
On a related topic, how would you determine that somebody at the age of 29 (or any other age) has the income to afford an M3? Based on their salary, net worth, earning potential? I am just curious what financial barometer you would set for somebody to be able to afford this car. I suppose it differs from person to person, but I could buy a new M3/M4 with cash and not have any other debt other than my mortgage, and I still don't feel like I have reached the requisite financial threshold to drop $80k on a car. And I love cars.
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I don't think there is a single answer there. Take your income minus your expenses. Do you have a reasonable amount of disposable income or saved money left over that you feel ok spending on an expensive car, when a $30k Honda Accord could serve you just as well? I'm certainly not rich by the comparison to many on here, but don't mind working harder to be able to afford some things I want.