Originally Posted by 03BeastCharmer
That guy can't afford that car, but I also don't think you need to take home (net taxes, health insurance, 401k) $9,500 to buy a used M3. $5,500 ish is probably enough unless you live in crazy markets like LA and NY where housing is outrageous.
You do if your expenses are over $7k/month.
This explains a lot to me though. I see a lot of people far younger than me with damn nice cars, usually Porsches, M3's, high end SUV's, etc. I always wondered how they could afford them. I guess they just take on more debt.