Quote:
Originally Posted by BigDog
a person earning 70-100k has no business buying a 55-65k car....
none
my guess is the car will come in around 57k
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To general of a statement. A person could have reserves in any asset class that would make them feel comfortable making the purchase. They could liquidate some reserves to make the payment very small or buy outright.
For example, the little stack of coins in my avatar is worth about 13k USD.