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Is spending 600k on cars if you have 7MM net worth ridiculous
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Date: March 10th, 2020 9:03 PM Author: cyan awkward psychic address (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732617) |
Date: March 10th, 2020 9:06 PM Author: excitant sanctuary Whatevers dawg. Can't take it with you but she sure can. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732636) |
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Date: March 10th, 2020 9:08 PM Author: Bisexual ticket booth Yes, it's ridiculous. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732644) |
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Date: March 10th, 2020 9:08 PM Author: cyan awkward psychic address What's a reasonable amount if 7MM net worth (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732654) |
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Date: March 10th, 2020 9:11 PM Author: Azure wonderful locale partner $120k.
2 $60k cars. |
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Date: March 10th, 2020 9:44 PM Author: motley area persian LOL, that's less than I spend on cars. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732940) |
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Date: March 11th, 2020 8:26 AM Author: Irate rough-skinned cuckoldry (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39735487) |
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Date: March 10th, 2020 9:27 PM Author: Bisexual ticket booth Maybe like $100-150k in cars. $7 million net worth is a lot, but it's not a ridiculous amount. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732776) |
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Date: March 10th, 2020 9:28 PM Author: cyan awkward psychic address My dad is worth about half that and has 2 20+ year old cars, one is an ugly minivan (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732785) |
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Date: March 10th, 2020 9:41 PM Author: Cracking Ebony Stage Liquid Oxygen I have a 12 inch penis (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732914) |
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Date: March 10th, 2020 9:48 PM Author: dashing rebellious space ape Which dad? (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732983) |
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Date: March 10th, 2020 9:08 PM Author: Azure wonderful locale partner Yes, unless you're an Instagram influencer or in the car business and profiting from these cars. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732646) |
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Date: March 10th, 2020 9:08 PM Author: Charismatic carmine piazza yeah (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732650) |
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Date: March 10th, 2020 9:09 PM Author: dashing rebellious space ape Depends what cars and housing costs.
Not excessive if they are collectible supercars and you own your house. Is excessive if they are junkers and you owe on a $3MM house. |
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Date: March 10th, 2020 9:13 PM Author: cyan awkward psychic address you own a 1MM house (included in net worth)
the cars are mercedes/lexus etc. not really collectibles, more like prole luxury cars. |
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Date: March 10th, 2020 9:18 PM Author: dashing rebellious space ape Fuck that shit. Would be better off having a GT3, a Tahoe, and some old air cooled Porsches for $400K. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732707) |
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Date: March 10th, 2020 9:19 PM Author: cyan awkward psychic address cr Porsches are way better
I actually think Mercedes/Lexus are kind of ugly to be frank |
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Date: March 10th, 2020 9:16 PM Author: dashing rebellious space ape Would add at this level of net worth you are probably going to want to have a second home, a boat, and a quirky hobby like flying planes or something. Would depend on what you’re doing recreation-wise, how many kids, and whether they are going to Andover/Wesleyan or public high and a flagship state school. Also if you get divorced or illness pwn3d. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732692) |
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Date: March 10th, 2020 9:17 PM Author: cyan awkward psychic address wtf? is 7MM even that rich? That's like most boomers in California (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732694) |
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Date: March 10th, 2020 9:17 PM Author: Azure wonderful locale partner No. Most boomers in California SHOULD be worth 7MM, but they blew it all booming and now have a reverse mortgage on the last $200k in equity in their house. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732699) |
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Date: March 10th, 2020 9:18 PM Author: cyan awkward psychic address I have a ton of relatives in California, all of them are worth between 3 to 30MM and most of them live like paupers...they are also kikey though, so there is that
They don't even hire house cleaners |
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Date: March 10th, 2020 9:29 PM Author: Azure wonderful locale partner I don't have a house clearner. My place is perfectly clean and me and my wife spend basically no time cleaning. How dirty to pepole live that they need to be cleaned up after? (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732792) |
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Date: March 10th, 2020 9:31 PM Author: cyan awkward psychic address When you're a 70 year old boomer NEET, you'll understand
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Date: March 10th, 2020 9:43 PM Author: Charismatic carmine piazza lol no. boats and planes are flame at that nw. second home is certainly realistic though and imo should be a priority over the other dumb shit. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732932) |
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Date: March 10th, 2020 9:46 PM Author: motley area persian You can definitely get a boat at that NW. It just won't be some ridiculous yacht. It'll be more like this: http://www.bayliner-boats.com/models/overnighter-series/ciera-8/
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Date: March 10th, 2020 9:47 PM Author: Rambunctious national The guy making $25 an hour doing work at my place has a boat. Some boats are free (no joke). (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732969) |
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Date: March 10th, 2020 9:54 PM Author: motley area persian I've seen it. Probably an old fishing boat with a busted motor. They are giving it away for free to avoid paying to dispose it. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733045) |
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Date: March 10th, 2020 10:05 PM Author: Rambunctious national Yes. If it needs a weekend of work and a couple hundred in parts, they can be free. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733152) |
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Date: March 10th, 2020 9:50 PM Author: cyan awkward psychic address I have never understood the appeal of speedboats. I have been on them a few times and was bored out of mind and/or uncomfortable. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733002) |
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Date: March 10th, 2020 9:54 PM Author: motley area persian They're super fun. My parents had one that I used to take out all the time, along with a waverunner. You go fishing, water skiing, travel to islands, lounge out and listen to music, watch the sunset and fireworks or whatever.
My wife and I even slept on the boat once when we had too many people in the house. It was fine. |
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Date: March 10th, 2020 9:56 PM Author: cyan awkward psychic address I am not big into water sports, much more into winter sports and skiing.
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Date: March 10th, 2020 10:03 PM Author: motley area persian That's like, a totally different seasons. Presumably you have some things you enjoy in summer and some things you enjoy in winter. I like winter sports and skiing too but these aren't mutually exclusive. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733130) |
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Date: March 10th, 2020 10:12 PM Author: cyan awkward psychic address Eh, only high speed sports are to me fun these days. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733208) |
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Date: March 10th, 2020 10:16 PM Author: dashing rebellious space ape Like speed boating for example? LJL you slore. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733247) |
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Date: March 10th, 2020 10:17 PM Author: cyan awkward psychic address More like snowboarding and skiing. I wouldn't expect a balding middle aged shortmo to understand. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733267) |
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Date: March 10th, 2020 10:20 PM Author: motley area persian Waverunners can hit 70mph, which is fast as fuck on open water. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733300) |
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Date: March 10th, 2020 10:21 PM Author: cyan awkward psychic address It's just more of a rush if you risk death going downhill on slopes. Boating in comparison feels very safe. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733317) |
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Date: March 10th, 2020 10:25 PM Author: motley area persian This seems like a silly argument. Both are great. It is unlikely that you will ever have a day where you will choose between the two. And as someone that has fallen off a waverunner at high speeds, I promise that it hurts like all fuck. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733359) |
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Date: March 10th, 2020 9:50 PM Author: dashing rebellious space ape You’re a retard. You can have a fishing and skiing boat and jet skis at that net worth. That would be like $150K all in. Not talking about a yacht. Boats last 10-15 years now BTW. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733005) |
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Date: March 10th, 2020 9:11 PM Author: galvanic mad cow disease station Yes. Should only spend that much on housing. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732667) |
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Date: March 10th, 2020 9:12 PM Author: know-it-all heaven crotch it would be irresponsible not to diversify your portfolio into uncorrelated, fast-appreciating assets like classic cars, yachts, and wine at that portfolio size. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732673) |
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Date: March 10th, 2020 9:14 PM Author: cyan awkward psychic address lol isn't a yacht like 1MM (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732677) |
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Date: March 10th, 2020 9:29 PM Author: pink trip site you're talking about a sailboat. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732797) |
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Date: March 10th, 2020 9:53 PM Author: Zombie-like Brass Blood Rage (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733036) |
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Date: March 10th, 2020 10:06 PM Author: Spectacular Resort Marketing Idea (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733162) |
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Date: March 10th, 2020 10:08 PM Author: buff lodge death wish (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733180) |
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Date: March 10th, 2020 9:19 PM Author: Rambunctious national If they are collector cars, that is not stupid. If you were to buy new luxury cars, you are tossing out $200k a year.
Hell, I have close to that it cars (most bought cheap and fixed up). |
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Date: March 10th, 2020 9:28 PM Author: cyan awkward psychic address These are mercedes/lexuses (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732782) |
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Date: March 10th, 2020 9:46 PM Author: Rambunctious national How does one spend $600k on those?
G63, LFA, SLS and an S class?
LFA, SLS would be ok, but just randomly buying those brands is asking for massive depreciation. |
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Date: March 10th, 2020 9:48 PM Author: cyan awkward psychic address This isn't me, just someone I know
SLS is one of the cars, and then some brand new Lexus SUV. that alone is between 250-300k.
and then a couple of other mercedes |
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Date: March 10th, 2020 9:53 PM Author: Rambunctious national SLS, LX570 are both credited. Would need to know the other ones, but those two are not stupid. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733031) |
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Date: March 10th, 2020 9:54 PM Author: cyan awkward psychic address Why? Do they depreciate at a lower rate?
I rode in the SLS and was not very impressed, but I am also not a huge car person. |
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Date: March 10th, 2020 10:05 PM Author: Rambunctious national SLS is not going to depreciate much, will just move with the market. LX570 has the lowest luxury SUV depreciation behind the land cruiser (its a clone) and maybe the G-wagen (which is a fad which will be hammered later as merc is building a ton). Also, with the new big Lexus coming which will not be as good, it should hold value well enough. Of course, as a new car, it will depreciate.
SLS is a really nice GT car, it’s not really a sports car. I really like them and it is one of my favorite designs of cars. |
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Date: March 10th, 2020 10:15 PM Author: cyan awkward psychic address What do you think of Teslas? To be honest, if I got an expensive car, I'd probably get a Tesla. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733244) |
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Date: March 10th, 2020 10:22 PM Author: motley area persian Guy with a triple-motor cybertruck pre-ordered, sup? (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733329) |
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Date: March 10th, 2020 10:24 PM Author: cyan awkward psychic address How do the side doors open?
What do you think of the Tesla Model X? |
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Date: March 10th, 2020 10:28 PM Author: motley area persian They should open like normal doors.
Model X is out now. Go test drive it. It is fine, but $130k or so to outfit one the way it should be. If you want a car that is somewhere between an SUV and a minivan while being faster than most Porsche 911s then that's your car. If you need something better off road then wait for the Cybertruck. If you think that's absurd and more than you need, there's always the Model Y, S, 3, etc. But yeah, I can't complain about cars that can do 0-60 in under 3 seconds. |
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Date: March 10th, 2020 10:32 PM Author: cyan awkward psychic address Maybe I should test drive it. The latter are more in my price range though since I am not a richmo.
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Date: March 10th, 2020 9:40 PM Author: boyish submissive azn Real answer: it depends which cars. Some at that price level maintain their value or even go up even if you put miles on them. There are guys with probably a lot lower NW than that who are cycling through 600k in cars every 2-3 years with the net cost including maintenance only a couple thousand per month. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732907) |
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Date: March 10th, 2020 9:41 PM Author: motley area persian Huge car guy here. Why the fuck would you do this? You can get 2 cars in the $100-200k range and have 2 outrageously nice cars that will last you 10 years or whatever. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732920) |
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Date: March 10th, 2020 9:42 PM Author: cyan awkward psychic address because you want like 4-5 different cars apparently (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732923) |
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Date: March 10th, 2020 9:43 PM Author: motley area persian That seems stupid and pointless. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732928) |
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Date: March 11th, 2020 9:42 AM Author: Contagious indecent friendly grandma The amount you've spent on cars is far more as a percentage of net worth than the hypo in the OP.
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Date: March 10th, 2020 9:43 PM Author: Cracking Ebony Stage Liquid Oxygen 600k over what time frame? (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732925) |
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Date: March 10th, 2020 9:44 PM Author: cyan awkward psychic address 200-300k in one year
and then the rest spread out over 5 years |
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Date: March 10th, 2020 9:45 PM Author: Cracking Ebony Stage Liquid Oxygen Meh, if it makes you happy, who cares. Assuming you have a high income as well. Sure it's excessive but nbd. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732949) |
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Date: March 10th, 2020 9:46 PM Author: Azure wonderful locale partner Hint: Shit like cars does not actually bring any lasting happiness. He will get used to having them in about 1 week. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732959) |
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Date: March 10th, 2020 9:48 PM Author: motley area persian Idk, I love my BMW and it makes me happy every time I drive it. Definitely worth it. That said, there are diminishing returns. I could get a Bentley Bentayga that would be "nicer" and faster for like 2-3x what I spent and I think I would only be slightly happier. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732987) |
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Date: March 10th, 2020 9:49 PM Author: Charismatic carmine piazza youd also look like an idiot and get rear ended and have to sue all the time unless you literally live in 1990 Malibu. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39732995) |
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Date: March 10th, 2020 9:52 PM Author: motley area persian I haven't been rear ended in like 20 years. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733017) |
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Date: March 10th, 2020 9:52 PM Author: Cracking Ebony Stage Liquid Oxygen (MND) (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733023) |
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Date: March 10th, 2020 9:56 PM Author: motley area persian mazer facker (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733071) |
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Date: March 11th, 2020 9:55 AM Author: Contagious indecent friendly grandma (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39735896) |
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Date: March 10th, 2020 9:53 PM Author: Charismatic carmine piazza also, its pretty prole to even know what a "Bentley bentayga" is. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733030) |
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Date: March 10th, 2020 9:55 PM Author: motley area persian I am notoriously prorr. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733056) |
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Date: March 11th, 2020 12:17 AM Author: mischievous forum (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39734435) |
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Date: March 11th, 2020 9:59 AM Author: Contagious indecent friendly grandma You are approaching this as yourself in your current financial circumstances. Of course you can't possibly justify spending that much on cars. Someone with $7M could.
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Date: March 10th, 2020 9:50 PM Author: Cracking Ebony Stage Liquid Oxygen Hint: people who start poasts with "Hint" should be raped with a pitch fork. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733001) |
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Date: March 10th, 2020 10:04 PM Author: buff lodge death wish i mean why not right? (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733141) |
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Date: March 10th, 2020 9:53 PM Author: razzle-dazzle embarrassed to the bone plaza No less responsible than staying at $1000/night hotels (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733032) |
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Date: March 10th, 2020 10:06 PM Author: Charismatic carmine piazza cr but that's also like a 175 on the irresponsibility scale (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733155) |
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Date: March 10th, 2020 10:08 PM Author: dashing rebellious space ape Btw didn’t realize OP is the scummy pregnant female pumo. LOL at your pathetic prole life judging how other people spend their money. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733177) |
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Date: March 10th, 2020 10:13 PM Author: cyan awkward psychic address You were literally just judging how they spend their money too, moron. At least I actually know these people IRL. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733213) |
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Date: March 10th, 2020 10:15 PM Author: dashing rebellious space ape This is a hypo for me. You are judging actual family members. Do you not get the difference you catty slattern? (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733235) |
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Date: March 10th, 2020 10:16 PM Author: cyan awkward psychic address Yes, seems like I am more justified to judge, TBF. (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39733249) |
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Date: March 11th, 2020 12:19 AM Author: light indirect expression there are two ways to look at this.
1) as a percentage of net worth that's utterly ridiculous. a normal person with say 1 million in the bank after saving for a bunch of years wouldn't then spend 100k on a car.
or
2) at that level of net worth it's unlikely you would exhaust your savings as long as other aspects of your life aren't ridiculous, so why not? |
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Date: March 11th, 2020 9:23 AM Author: motley area persian "as a percentage of net worth that's utterly ridiculous. a normal person with say 1 million in the bank after saving for a bunch of years wouldn't then spend 100k on a car."
That also depends on circumstances. If they are 30 and have "$1 million in the bank" but make $500k/year then if they want a $100k car then why not. |
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Date: March 11th, 2020 9:34 AM Author: Flatulent meetinghouse corn cake absolutely, I would go to any length to ensure my shrew in-laws never saw a cent (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39735760) |
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Date: March 11th, 2020 9:50 AM Author: Vibrant Violent Parlour (http://www.autoadmit.com/thread.php?thread_id=4466536&forum_id=2#39735839) |