Quote:
Originally Posted by Delmoney335
It's called leasing
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I think his point was more around all the things you would be missing out by doing that.
$100k = approximately $75,000 net (depending on local/state taxes could be more or less).
Let’s say you get an M3 for a flat $1k which would be good your now down to $63,000. IF you have a mortgage another $24,000 or more possibly out the door.
Haven’t even touched insurance, retirement, food, and other expendable.
His point wasn’t can you afford it but can you comfortably do it while planning for the future. And i could easily see why some would say no (I’d be one of them).