What are your thought about buying a $65k car on a salary of $85k? I’d be trading in my current car that’s 5.5 years old and worth $30k. I have no debt and rent. The thing that gets me is I already drive a cool/fun sports sedan but want a new one lmao.

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Its financially feasible, but equivalent to lighting money on fire in my opinion.

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So you max your retirement fund, have no debt, have an apartment, a car guy, and make 85k. Definitely go for it.

I mean it’s not a great use of cash but if you have no debt, no responsibilities, and no other monetary goals than YOLO my dude.

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Much better uses for your money.

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If you’re not saving for a house, or kids, or whatever, then sure, I guess

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I can’t even justify a 25k Kia Soul on 215k, but you do you

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$400 a month for a Kia Soul lease? Ouch.

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Treat yourself.

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If you live with parents and can afford to spend $65k on a car then you should be able to give your parents rent

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Sorry I thought you were saying no debt and no rent

funny

Do you own a house/condo?

Lol yeah I know. I have the down payment for a house sitting in my savings account but the market is so wild that I’m waiting a few years.

I’m looking at a similarly priced car as well but I tend to keep my cars for awhile to have those years with no car payments.

What car is it?

Audi RS3

likesmart

Do you live with your parents?? Confused how you have no rent

Buy it and list it on Turo that way its also producing you income. The car rental market is a money maker due to the shortages

Car guy here, if you can afford it, do what makes you happy.

It's almost like people can't do basic math in this thread. You're trading in $30k in equity to finance a $65k car for call it $40k after tax, title and fees. You won't even feel that payment if you have no other debts. Enjoy the new car mate - you work hard for that money.

Depreciable tax inefficient asset. Imo, get a cheap civic and put the extra $50k in the stock market. Watch it grow.

Well that doesn’t sound like fun. I already have an Audi so I’m not going down to a civic.

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