Thread: Income vs. M3.
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      05-23-2012, 02:45 PM   #71
SamS
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Drives: Tesla M3 Perf + '18 X3 M40i
Join Date: Jul 2010
Location: Dallas, TX

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Quote:
Originally Posted by Scotch M3 View Post
I would never put more than 15k on any car.

Even 10k is enough for any car.

If I have 30k I would put 10k down on a car like M3 and purchase a 100k house with 20% down and rent it out.
Apparently you're not familiar with the headaches that are involved with renting out a $100K house. I'll dump that money into an M3 down payment, any day

Quote:
Originally Posted by stefan View Post
No doubt. But who, my age, has $30K to put down on a car and somehow decided not to move out of their parents basement instead? I guess I am maybe cross-referencing the earlier poll far too heavily. And I live in Canada, so the M3 is $15-20K more. Still.
I'm assuming if you have $30K in cash for a car down payment, you don't live with your parents But, weird things happen around here.
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