Quote:
Originally Posted by hbcpa
The problem with this question is it is posted on a message board. In general, the older population does not post as much as the younger population.
At the M drive event in VA last month I looked like the youngest (40). Everyone else was in the late 40 - mid 60 range.
The payment on a 70K car is a big nut to crack. Most 20 - 30 year olds can't handle it.
I had the Vette. Now I need a 4 door for the Kid.
Occupation: Corporate Controller, CPA.
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I would argue that the majority of the population cant or choose not to handle the payment on a 70k car. I dont think that the age is as much a factor as you might think because I am 25 - right in the middle of the range you said cant handle it - and actually am paying off at an accelerated rate beyond what is expected of my monthly payment as I dislike debt in general. I do the same on the house I have owned since I was 23. Maybe I am not the norm, however, this car is not a car the normal person would choose to buy either and those that look to are usually aware of the expense involved.