When you can pay cash

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Feb 12, 2019
6:14:14pm

warp All-American

When you can pay cash

And I have found that my rule of thumb of only buying cars & toys that I can pay cash for has served me very well.

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warp

Bio page: warp
Joined: Oct 22, 2003
Last login: Jan 27, 2024
Total posts: 5,469 (0 FO)

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Messages

Author

Time

POLL: At what annual income level should you be justified in buying a car for 90k?

2/12/19 5:58pm

Not until you've purchased a $100k boat

Plato

2/12/19 6:00pm

Really depends where you live and how much you spend.

Y2k

2/12/19 6:01pm

K. Assume Utah as place of living.

2/12/19 6:04pm

Diminishing returns on cars after $60,000. What more do you get for $30,000?

PJMort

2/12/19 6:09pm

If I had 90k, I would buy used

JOPE

2/12/19 6:20pm

I could see myself buying vehicles for between 40k-50k. But those are going

Powerbait DPM studnt

2/12/19 6:23pm

need more info. is this your first year in the 250-500k bracket? or 12th?

BlueFrog

2/12/19 6:03pm

TNT need money please help

TNT

2/12/19 6:26pm

<< Deleted >>

Buffalo

2/12/19 6:08pm

250K at least as long as no other debts. If other debts besides home, then you

cougaman

2/12/19 6:14pm

When you can pay cash

warp

2/12/19 6:14pm

If you’re going to have a nice car you either a) need to not care if it gets nicked or dirty or b) have enough money to

CrimWalCoug

2/12/19 6:14pm

Finanically independent

Baron

2/12/19 6:15pm

Cars over $75k should be bought with cash.

HarlemCoug

2/12/19 6:18pm

This is sound advice

gww687

2/12/19 6:19pm

You mean like the bank’s cash?

garyfan

2/12/19 6:19pm

Financing that much is dumb.

Blue Ghost

2/12/19 6:36pm

You beat me to it. if you have to finance a car at 90k.......?

Agnostic-alumni

2/12/19 6:56pm

$2/mill per year

Mr. Belding

2/12/19 6:19pm

There is always a better investment or charity than buying a $90k car

NOCAL_YFAN

2/12/19 6:21pm

Not everything in life is about ROI.

garyfan

2/12/19 6:24pm

*shrugs*

TNT

2/12/19 6:25pm

It’s not income that matters. It’s wealth.

2/12/19 6:29pm

This answer only matters to an individual. Who cares what anyone else would do?

FiveTen-BuckEighty

2/12/19 6:47pm

So what you are saying is don't buy a car for 90k if you make less than 100k?

ochobeeguy

2/12/19 7:25pm

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