View Poll Results: Responsible Individual Net Worth to own a $100-$150K Car?
$400K
24
13.87%
$500K
10
5.78%
$700K
11
6.36%
$900K
2
1.16%
$1M +
126
72.83%
Voters: 173. You may not vote on this poll
Responsible Net Worth for Owning a $100K-$150K Car?
02-27-2013, 08:45 PM
#31
Rennlist Member
Kids gone and I'm spending their inheritance as fast as I can. 
seriously my net worth is a funny # since most of my money is tied up in commercial RE it doesn't mean a lot. Disposable income is what I use. At 63 years young I have no debt and like it that way. 
Peter
seriously my net worth is a funny # since most of my money is tied up in commercial RE it doesn't mean a lot. Disposable income is what I use. At 63 years young I have no debt and like it that way. Peter
02-27-2013, 09:26 PM
#33
Burning Brakes
assuming you have the other stuff already, such as house, monthly expense etc and enough cash to buy the car outright.
but i would also consider the following...spending 80-100k on a gt3/rs is a lot better buy than a 991. The gt3 will depreciate significantly less than a comparably new 991. so in essence, a gt3 is like an investment haha
but i would also consider the following...spending 80-100k on a gt3/rs is a lot better buy than a 991. The gt3 will depreciate significantly less than a comparably new 991. so in essence, a gt3 is like an investment haha
02-27-2013, 10:03 PM
#38
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It all comes down to disposable income.
With after tax dollars one would want to make sure they are financially secure before jumping into a 150k car....
no sense in owning a 150k car if credit cards are not paid off each month, house is fully mortgaged with little to no equity and annual expenses become tightly budgeted so remaining balance can be pissed away on car instead of financial responsibilities/freedom.
Once your assets begin to own you instead of you owning them it becomes an issue. Personal debt load and income is the issue.
When i had access to a little liquid money i decided to dump it on a RS and follow the dream as one can only invest so much for so long without cutting loose a little bit and buying something foolish like a car, yacht, motorcycle etc....
Besides, with too many investments one can become asset rich, cash poor.. (my weak attempt at justifying depreciating asset purchase
)
Afterall, all work and no play make Jack a dull boy......
FWIW i could have taken the money and doubled by now but i have no regrets as it is one of the best experiences i have had in my 35 years of life . No regrets. I also planned on keeping the car forever thus i wanted to have the "right" car considering the expense.
Life is short. If you can, you must.
With after tax dollars one would want to make sure they are financially secure before jumping into a 150k car....
no sense in owning a 150k car if credit cards are not paid off each month, house is fully mortgaged with little to no equity and annual expenses become tightly budgeted so remaining balance can be pissed away on car instead of financial responsibilities/freedom.
Once your assets begin to own you instead of you owning them it becomes an issue. Personal debt load and income is the issue.
When i had access to a little liquid money i decided to dump it on a RS and follow the dream as one can only invest so much for so long without cutting loose a little bit and buying something foolish like a car, yacht, motorcycle etc....
Besides, with too many investments one can become asset rich, cash poor.. (my weak attempt at justifying depreciating asset purchase
)Afterall, all work and no play make Jack a dull boy......
FWIW i could have taken the money and doubled by now but i have no regrets as it is one of the best experiences i have had in my 35 years of life . No regrets. I also planned on keeping the car forever thus i wanted to have the "right" car considering the expense.
Life is short. If you can, you must.
02-27-2013, 10:14 PM
#39
Rennlist Member
It all comes down to disposable income.
With after tax dollars one would want to make sure they are financially secure before jumping into a 150k car....
no sense in owning a 150k car if credit cards are not paid off each month, house is fully mortgaged with little to no equity and annual expenses become tightly budgeted so remaining balance can be pissed away on car instead of financial responsibilities/freedom.
Once your assets begin to own you instead of you owning them it becomes an issue. Personal debt load and income is the issue.
When i had access to a little liquid money i decided to dump it on a RS and follow the dream as one can only invest so much for so long without cutting loose a little bit and buying something foolish like a car, yacht, motorcycle etc....
Besides, with too many investments one can become asset rich, cash poor.. (my weak attempt at justifying depreciating asset purchase)
Afterall, all work and no play make Jack a dull boy......
FWIW i could have taken the money and doubled by now but i have no regrets as it is one of the best experiences i have had in my 35 years of life . No regrets. I also planned on keeping the car forever thus i wanted to have the "right" car considering the expense.
Life is short. If you can, you must.
With after tax dollars one would want to make sure they are financially secure before jumping into a 150k car....
no sense in owning a 150k car if credit cards are not paid off each month, house is fully mortgaged with little to no equity and annual expenses become tightly budgeted so remaining balance can be pissed away on car instead of financial responsibilities/freedom.
Once your assets begin to own you instead of you owning them it becomes an issue. Personal debt load and income is the issue.
When i had access to a little liquid money i decided to dump it on a RS and follow the dream as one can only invest so much for so long without cutting loose a little bit and buying something foolish like a car, yacht, motorcycle etc....
Besides, with too many investments one can become asset rich, cash poor.. (my weak attempt at justifying depreciating asset purchase
)Afterall, all work and no play make Jack a dull boy......
FWIW i could have taken the money and doubled by now but i have no regrets as it is one of the best experiences i have had in my 35 years of life . No regrets. I also planned on keeping the car forever thus i wanted to have the "right" car considering the expense.
Life is short. If you can, you must.
02-27-2013, 10:15 PM
#40
Rennlist Member
I am not sure that I understand the question. IMO if you cannot afford to purchase the car for cash (doesn't mean you have to...but you could) without imperiling your family or their future, or notably diminishing their lifestyle, then you don't have enough.
02-27-2013, 10:19 PM
#41
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wrong forum to place the question.
mainly car maniacs on here who operate out of the normal realm of logic.
better to ask the guys on the 991 forum, or even better, cayenne gang....
mainly car maniacs on here who operate out of the normal realm of logic.
better to ask the guys on the 991 forum, or even better, cayenne gang....
02-27-2013, 11:17 PM
#43
Rennlist Member
Timely thread. Was just discussing a similar topic with a co-worker. Wife and I are DINK's otherwise, as others have said, no way I'd be here. By no means am I rich, but I have made life decisions that afford me a few toys. Having a cheap mortgage, no debt and eating the occasional Top Ramen helps. 
Life is too short to work this hard and not enjoy life. I view the GT3 (and other cars) as an investment in my happiness.
Life is too short to work this hard and not enjoy life. I view the GT3 (and other cars) as an investment in my happiness.
02-28-2013, 02:27 AM
#45
Rennlist Member
Timely thread. Was just discussing a similar topic with a co-worker. Wife and I are DINK's otherwise, as others have said, no way I'd be here. By no means am I rich, but I have made life decisions that afford me a few toys. Having a cheap mortgage, no debt and eating the occasional Top Ramen helps. Life is too short to work this hard and not enjoy life. I view the GT3 (and other cars) as an investment in my happiness.
Life is too short to work this hard and not enjoy life. I view the GT3 (and other cars) as an investment in my happiness.One of our superintendents goes on annual $5k ocean fishing trips that cramp his style a little, but, he says, "I can't afford NOT to take these trips." Life is short - take opportunity to be happy.