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I have 2 offers from siemens and tcs .Siemens pays 2 L bonus as extra but ctc part both are same.Which one to prefer as the Location for siemens in blore and tcs can be chennai.Im currently at chennai.
If i accept offer from tcs and not joined there then i can get into tcs in future because of rehire policies .I still have 40 more days to LWD.
I am thinking to reject tcs and wait for some other better offer pay or last choice to join in siemens .Please share your view Im consufed here
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Chief
So who else is at Hilton Orlando this week?
Does impact day count against utilisation? 😳
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Depends on the car, you and total expenses.
I bought a $50k making $90k and had no problem doing that, having an apartment in a major city, investing $2k per month on top of retirement.
Think about it this way - I’m just going to use this example because it’s easiest.
For $130k - you can go and buy a BRAND NEW m5. All the bells and whistles. However, in 3 years - it’s worth $65k tops.
For $130k - you could also buy a slightly used R8, GT4 or AMG GTR - which probably won’t depreciate much and don’t cost much to maintain/are very reliable. MAYBE worth $110k in 3-5 years if you BEAT IT.
My wife has an X5 and I had a 911. My 911, after EVERYTHING, cost me about $600 a month because it only depreciated a few grand in the few years I owned it (maintenance is also dirt cheap). My wife’s X5 TCO is right around $2k a month because it’s lost $25k value in a year.
Also - it depends if you like cars. Cars are my hobby, so I spend a bit more. I also try to be strategic on the car.
Another example.
A 2018 911 GT3 MSRP is like $175k - they are still going over/right around sticker.
An 2018 AMG S-class Mercedes MSRP is about $200k, I can get one for right around $60k…
FWIW I think people here saying >$250k is absurd. But YMMV.
Remember this: the bigger and more luxurious the car - the more it will depreciate. If it’s electric - you might as well set your money on fire lol.
Top gear fan unite
I make 500k and drive a jetta
@consultant 2….. why do you think one lives a frugal life just because they dont spend money on cars? I can’t see the point, it’s just a vehicle to get me from a A to B. Mine has heated/cooled seats, is comfortable and safe. I’d much rather have 10s of thousands in the bank for retirement to spend on vacations and traveling. I tend to stay in 4-5 star hotels when I travel, I only buy high quality food, I often fly in premium cabins…….Just because we don’t spend a ton of money on a vehicle doesn’t mean we aren’t ’enjoying life’s luxuries’…..
As I have worked with some people in the past , their mantra is :
Money comes and goes, but 25 years old with a C63 AMG only comes once
I’m more modest, only got the top trim GLC
Depends on your spending/savings in other areas - I recently bought a ~65k car and our household income is ~200k. We felt comfy with how much we have in savings and paid cash.
I bought mine for around that much a few years ago on a $95k salary. But that was aided by putting $15k down that I saved over the years, and living at my parents' home to pay if off in under two years. So if you're living in your own place, 150-200k seems reasonable
I bought a $65k car when my salary was still $90k because YOLO. I like to go vroom
GH1 - plaids are boring and soulless.
All of the above cars are much better DRIVER’S cars!!
Pro
Probably >250K
Chief
250-300k
I think it depends on your other expenses tbh. If you are making 250K and have a lot of other expenses(rent/mortgage, childcare etc). But assuming you are saving 50% of your salary, prolly 200K
Rising Star
D1, ~$200k, which is ~$130k after tax. Then I live on $65k / year (or $5500 / month) and save the other $65k.
$100K if in MCOL or LCOL.
51k
Don’t give into the HENRY mindset. Buy a 50K car when you hit NW of $1M
Rising Star
Probably around $500k. But I don’t care for cars at all so I drive the cheapest thing that runs.
Would it be smarter to use your corporate discounts to rent a car when you absolutely need to, commute on transit, and otherwise bank the savings on gas, insurance and upkeep? Of course. If you absolutely can't do that would it be more economical to buy a dependable used vehicle for a fifth the price? Absolutely. Is life short, wealth intrinsically valueless and existence ultimately meaningless? Perhaps. Do what makes you happy as long as it doesn't endanger the people you love.
Straight cash or financed? I made 68 when I financed my 60k car, payment was only $700/month so doable. I paid it off in 2 years.
After my first car ( which I paid off in a year)..All other cars I paid cash. So the question for me was how much do I need in assets to be okay coughing up 50k for a car and how fast can I replace it? Looking back, that 1 year benchmark for payoff is a good indicator. So I would expect, at minimum to be able to replenish my savings of the outlay for any car within a year.
I don’t know but I was just talking to someone that has a car that is approaching its 3-year anniversary. They were at the dealership getting some recall work done and “out of curiosity” was checking out the newer hybrid vehicles. The finance manager was commenting on how great a monthly payment of $420 was because the hybrid they were looking at will be at least double that now.
Yea everything is crazy.
6 years ago I was looking at 991.1 GT3s for $110k.
Those same exact cars with MORE MILES and 6 years later are $135-$160k.
Some of this is also being driven by the climate crazies as it’s creating scarcity for us car enthusiasts who want to drive fun cars.
Rising Star
I make $250k with a 5-figure bonus and that still seems excessive. A used Tesla Model 3 Performance version costs $26k and is faster than a Porsche 911
Faster 0-60 than a base carrera? Yes.
Faster at the top end than a base carrera? No.
FWIW: Porsches are TRACK card.
The GT2RS is the fastest (or 2nd) production car EVER CREATED and it is slower 0-60 than a new M3.
Your biggest concern would be the maintenance on the car. Tire, oil change, part replacement would cost a fortune by itself.