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      03-25-2011, 10:11 AM   #206
Brigadier General
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Drives: 2011.5 MR/BB E92 M3
Join Date: Jan 2008
Location: Denver, CO. USA

iTrader: (2)

Originally Posted by DiscoZ View Post
... and the ones who went to college will generally make more in the long term.

Jive is spot on. Even first year analysts where I work who make well over six figures in their first year out of undergrad do not purchase M3's because they are fiscally conservative. A car should never be more than a 1/3rd of your annual comp, better yet, less than a 1/4 or a 1/6.
So are you saying that anyone who chooses to by a 70k car SHOULD be making at least 210k a year? That doesnt sound right to me at all.

I am buying my home, have other paid off vehicles, have all the 401k investment crap, virtually no revolving debt, and I afford my car very well even though I am ONLY making ~95k-100k a year. I also afforded my 335i quite well back when I was only making 60k a year. I think it just depends on what you choose to spend your money on. I have people ask me all the time how I do it and I tell then that I dont smoke, and I dont even really drink much either. Not doing those two things can save you allot of money in the long run.