Quote:
Originally Posted by Zeros and ones
very constructive input. If you don't have anything worth of value don't speak. You can join the other meat heads in the corner.
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I agree with pretty much everything you said. And I know
you personally don't think that simply being able to pay lease payments constitutes being able to truly "afford" a car (you were just doing that for simplicity's sake), but a lot of people do.
If all it takes to afford an M3 is being able to pay $787/month in lease payments
in the short term, then I know people making around 2x the poverty line who can "afford" M3s. People never seem to do the math on opportunity costs (what is $700/month perennially invested in the market with an average return of, say, 5.0% worth 20, 30, 40 years from now at retirement had you purchased a used, economy car and kept it for many years). And, people never seem to appreciate the degree to which they're gutting their future net worth by purchasing (well, leasing) expensive toys early on in their life.