“What you can afford” is not defined and people have different definitions. The conservative guy will say you need $3 million in net assets to be comfortable writing a check for $150k. The not conservative guy might say you just need an extra $30k in income per year to finance or lease a $150k car. You might have an extra $30k if you make $100k or more depending on housing costs, family size, expense and pay. Big, big difference between having $3 million in liquid assets and an extra $30k income per year. Both would be ideal….
Last edited by pbonsalb; 10-14-2024 at 07:12 AM..
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