Under what Financial Circumstances would you purchase a $100,000 Vehicle?
- Thread starter Stuntone
- Start date
aXiom
Maximized Potential
Some people are stuck on that $4-500 range from 10-15 years ago. You need to account for inflation as $400 buys a lot less today especially post covid. The better question would be how much more money you make now vs then and adjust accordingly. $400 is the new $6-700, so if you were good with $400 then, but not $600 now, you need to have a conversation with your employer.
As far as purchasing a 100k car? I was pricing out a Model S Plaid the other day and even with 50k down I still couldn't justify the monthly on it. Now if I could turn that 50k into 1-1.5k/month passive or flip it to 100k then yeah, I'd go for it. For me it's not so much about covering the monthly payment, but more so being a slave to something I don't own outright especially in this economy. Being able to tell my employer to kick rocks at anytime and not having to worry about it >> being tied hostile work environment or being scared of being laid off just to be able to keep pushing a 100k whip.
There a lots of people right now that are gonna bigly fukked if we enter even a mild recession, because they used their first pair of wings to fly into the sun.
As far as purchasing a 100k car? I was pricing out a Model S Plaid the other day and even with 50k down I still couldn't justify the monthly on it. Now if I could turn that 50k into 1-1.5k/month passive or flip it to 100k then yeah, I'd go for it. For me it's not so much about covering the monthly payment, but more so being a slave to something I don't own outright especially in this economy. Being able to tell my employer to kick rocks at anytime and not having to worry about it >> being tied hostile work environment or being scared of being laid off just to be able to keep pushing a 100k whip.
There a lots of people right now that are gonna bigly fukked if we enter even a mild recession, because they used their first pair of wings to fly into the sun.
bigsausagepizzapapi
Rookie
When the monthly payment is $300/mo 
You want us to have a 5 figure salary and get a 100k car? How does a car compare to having multiple chains 100k/ea?
is this what I said?Is the only option 5 figure salary or millionaire?
The point is you don't need to be a millionaire for ONE 100K car. Yet many on this board will cape for rappers who are maybe millionaires buying those multiple 100K pieces of jewelry and a $1M fleet of cars, usually as a whataboutism towards billionaires.
When it depreciates rock bottom. I bought my range for 10k. First year of ownership i prob put 6k in repairs and maintenance. 2nd year only oil changes. This 3rd year has been prob free.
Won’t lie tho its nerve racking taking care of a euro whip without warranty
Won’t lie tho its nerve racking taking care of a euro whip without warranty
If I got the cash or salary it’s gonna be
Ram 1500 trx
Mercedes-AMG GT
BMW seres 7Ram 1500 trx
Well everyone driving a 100K car isn't 60+ so that's a given.
Why?
I would lease, personally, unless I hit a certain income.
But some people ain't looking to build wealth. Some people are ok with living life one day at a time. As long as you paying for your necessities and can maintain the car and monthly payment provided, and the car brings utility into your life, what's the point of calling that dumb? To each his/her own.
A lot of people with 100k cars doing just fine
threattonature
Veteran
I'd have to have some millions in the bank before even considering a six figure car.
I had the argument with my friend when I was looking for a new car. His quote to me was "well you make a lot of money so you should show it off by getting a really nice car". I told him I don't give a damn about showing off and would rather use that extra money to travel and go and have experiences. I ended up with a car payment of 350.
DropTopDoc
20/20 Vision With my Buffs On
Given how goofy the general public is, do you think more or less are doing ok especially given 10% of the population earns 100k or more, and it gets a lot smaller the higher up you go