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Nah if anything is just be like dang, that person may not be great with money. But it sounds like you’re in a good spot so don’t stress it.
Chief
Weird flex but ok
It's not a bad look, it's just stupid to drop 70% of your salary on a rapidly depreciating asset, where you can get a perfectly suitable replacement for a fraction of the price.
So yeah financially it makes no sense.
But you already knew that.
I normally agree with you, but this car market is highly unique right now, especially with vettes. Depending on what part of the country you live in, you are either paying 30k over sticker or at MSRP. So where does the depreciation start from? We have 2 base points and the people on the coasts are paying more for the same car you can buy in the Midwest. To me that allows a few years of built in depreciation down to the base before I decide if I want to keep the car. It’s a very interesting time.
Totally don't care, maybe it's me but it feels like you're trying too much but if it makes you happy and you feel like you can afford it, do you. You don't need other people's approval to live your life.
I was going to edit this post but for whatever reason I can’t. I think I worded this whole post wrong and come off “bragging” but that’s not what I was trying to accomplish. Essentially what brought about this post was a conversation between myself and a friend who works as a realtor were talking about retirement funds and cars. And him as a realtor who’s highly visible everywhere he goes, he bought an older C6 2008 Corvette for like $20k, so pretty modest and was driving it around for awhile but eventually sold it. And he said when he had that car he got some ignorant comments like “must be nice to be a realtor” but there’s a massive double standard to this because how many people on average salaries do you see driving these optioned out trucks and SUVs that are $50k+? So it’s okay to own a regular Chevy or Ford vehicle that is that much but spend that on a vette and it’s like “oh must be nice you’re loaded”? I just think we’re both tired of the double standard and I wanted to know what others thought.
I’d rather use the money to buy real estate that will appreciate and/or cash flow. Why spend more than 50% of your income to buy a depreciable asset? And a C8 may hold its value in the next couple years but they will still depreciate after when the hype is gone. I regretfully had some nice cars in my 20s. I would be in a much better position today if I invested more
Check out Ramit Sethis I will teach you to be rich book ; if you’re doing all the right things like maxing out your 401k and paying down your loans you really love that car, do it. Life’s short. Besides maybe you find a client who also likes cars
I don't think that is necessarily bad as long as you can afford it. You are also saving for retirement. If you were not doing that and instead spending money on a car, I would say that wouldn't be fine. In my opinion, if you want a car and that is your thing, why not get it?