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      12-12-2019, 10:13 AM   #669
Poochie
Luxury at the redline :)
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Drives: 2016 M2
Join Date: Aug 2012
Location: NYC

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Quote:
Originally Posted by AlpsRider View Post
Quote:
Originally Posted by kepler View Post
People who buy cars like the M2 CS don't need money for a home.
I think that there are a lot of people that are maxed out on payments and buy stuff that they can't afford. The saying goes "they are making payments like everyone else."
Isn't that the American way of commerce?

Seriously, I hear you on this; if I purchase a CS at 85k plus 9% taxes, even with a $10,000 down payment, it works out to $1,500 for 60 months.. $20 less than my mortgage.

To be honest, anyone not pulling in over $250,000 a year, which is 35% of 85k, should not consider a CS because they're clearly overextending themselves financially.

Unless they're a well off, a Trust Fund Baby or have a rich sugar daddy, it's a bad financial move.