Quote:
Originally Posted by Mike00
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).
|
Agree and well said! Let’s just say $100,000 is not that much money in today’s times. But with that said, selling this car let me pay for my 2022 xDrive and pocket $20k. Crazy market we live in as well.