At what salary do you feel comfortable buying a $100k+ car?

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I love cars and view them as an experience. Some ppl choose to spend on boats, trips, season tickets to games, bottle service, whatever. We work hard, have a little fun! Life is short and moments can be fleeting.

I bought my first $80k Tesla when I was making $200k. Payments were $800 after my down pmt. I sold it two years later for $60k. I bought my current Tesla for $100k when I was making $250k. Payments are $900.

Just do what you're comfortable with. Ppl are right that it's a depreciating asset but it's not like $100k just disappears when you buy one. You can also look at leasing. BTW, the Tesla has been a phenomenal experience with autopilot, instant torque, and ZERO maintenance.

Buying an expensive car or any new car is obviously a bad financial decision but if you enjoy life more bc of it and can afford it then have some fun!

Interest rates are so low these days I'd recommend financing and investing the money instead.

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This is a fair point. If your car is a primary driver of happiness, I see no difference in losing $10k/year as going on 10k vacations if it gives you the same pleasure

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Basic (smart) rule: Car is no more than 10% of your yearly income. $100k car = $1m income.

*All cars depreciate, regardless of price point. So it’s not relevant to answering your original question.

likefunnysmart

The real question is do you want a $100k car? There is almost no circumstance where a 100k car is a practical choice, but not everything in your life needs to be practical. If this is really your thing and you aren’t hurting yourself too terribly elsewhere, go for it. Just make sure you’re doing it for you. Think of this like joining a country club. It will never make financial sense. It’s a passion/lifestyle play.

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I’d probably never waste my money, but it’d feel reasonable at around $500k a year gross salary.

Whenever you don’t have anything better to do with the money.

1.2Mil

I don’t know that I would ever buy a $100K car when I still thought of affordability in terms of earned income and salary tbh

Feels kind of frivolous, especially these days. Unless you’re so into cars that you know the ins and outs of the engine and want to do your own repairs and really make it a project. Otherwise probably not the time to signal wealth so publicly, you know?

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