Quote:
Originally Posted by Z K
Well, if you own the car and are on this thread, these are the few that can afford it. I agree with you that 90% of the 20-something people can not afford it.
Around here (San Francisco), there are a lot of high earning engineers and people in the internet industry which inflates incomes. They make close to 6 figure incomes out of college. So M3 for them is not that big a stretch.
I am in my 30s and purchased the M3 used. I'm not an engineer and not in high tech so had to wait longer to get one.
|
Six figures isn't very much money living in a place where you need to spend 700K+ for a decent house in a decent neighborhood, so making six figures doesn't neccasarily mean you can afford an M3.
In my opinion, you can only afford an m3 if you can purchase one and also have money to purchase a decent house, (or setting aside money to purchase a house), saving a decent amount for retirement, and having money left over for a rainy day fund. Lots of 20 somethings with m3s aren't in that position.