Quote:
Originally Posted by Delta0311
Simple
Do you have a house?
Do you have any other debts?
Do you have a chick hitting you up for cash?
Can you afford the car and still live comfortable after ALL monthly bills are paid?
Let me put in the cheat code for you here
If your answers are
Yes
No
No
Yes
Then yes go on out and get your M3. Otherwise, fuck NO!
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I still think the flaw in many people's thinking is still this:
Quote:
Originally Posted by Delta0311
Can you afford the car and still live comfortable after ALL monthly bills are paid?
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It's not about "paying the bills". It's about putting money away consistently for retirement, rainy day, etc AND pay the bills. Then if you have extra money left over, then yes, you can afford a $71k car.
My view has always been, you need to be banking/investing at least 50% of all residual income after basic expenses like rent/mortgage, food and taxes. IMO, what's remaining is discretionary income.