Re: Cars... M3-- Oporutnity Cost...
 

book i'm reading explains how living in a more middle class neighborhood can help with these jealousy issues

Re: Cars... M3-- Oporutnity Cost...
 

Sounds sensible.

I've known plenty of guys with tons of money, and they can get very frustrated when they think about what their even richer friends are doing. And there will always be someone richer than you. When they're around their less wealthy friends, I think they feel better about their status.

They just drive themselves crazy thinking about other people being richer than them. No matter how good and easy they have it. They can make themselves absolutely miserable.

Better to be more grounded and learn to appreciate what they have. Especially when it's a lot!

Re: Cars... M3-- Oporutnity Cost...
 

they r so worth it...i shopped around forever looking for a car that worked in all the areas i wanted...this car fit the bill...ive had it 2 years and LOVE it...just dont get a BRAND new one...if u want one that bad get a demo model and save yourself money...

to me the car is worth every penny i spent on it


different things are worth different things to different people

Re: Cars... M3-- Oporutnity Cost...
 

So you are going to buy an overpriced car also? You could save 10k by getting a kia. Do you also think that people that go to starbucks, go to out to eat, go to movies, and so are also squandering money? Everyone makes different choices on how they want to spend thier money. Calling them stupid is just immature. After all if you are making 100k and buying a 25k car is a lot more as % of disposable income than the guy making 500k buying a 55k car.

Re: Cars... M3-- Oporutnity Cost...
 

This is what I was getting at. You shouldn't get your life and your future in a jam over it. The problem of course is that so many people screw up financially when they get carried away with indulgences, cars being only one of them. Then they get to be ghetto fabulous.

Re: Cars... M3-- Oporutnity Cost...
 

Most Americans work for the government and the bank (think about where a persons earned income goes).

Re: Cars... M3-- Oporutnity Cost...
 

Why don't you just buy preowned? Let someone else pay for driving it off the lot new.

Edit: What is the ratio of car cost to income where one becomes a poseur?

Re: Cars... M3-- Oporutnity Cost...
 

Buy used/certified pre-owned.

Also, before you buy, find out how much it will cost to insure at your age (fresh out of college).

-Ash

Re: Cars... M3-- Oporutnity Cost...
 

[ QUOTE ]
Buy used/certified pre-owned.

Also, before you buy, find out how much it will cost to insure at your age (fresh out of college).

-Ash

[/ QUOTE ]

Buying used makes the car 20% cheaper on average. The people who claim they get the car for half price ignore the 3 years of value the other person got out of the car. This also assume you sell the car at the same age(not how many years you own the car. See edmunds TCO (The numbers will vary depending on your situation) If you are worried about the price of the car, that probably shouldn't make a difference.

The number I saw was that 40% of your yearly salary is what most people spend on a car. Seems really high to me but I guess all the people with 30K jobs buying 20K cars inflates this value.

The poseur value is more if you buy a M3 and never track it or take advantage of the reason why you spend 15k more than buying the 330. Or any automatic porsche...

Re: Cars... M3-- Oporutnity Cost...
 

i drive a stick and enjoy it, but i think you might be underestimating how far along automatics are. look at audi's dsg system for example. faster 0-60 times and better gas mileage to boot, 2 traditional holding points of manuals. advanced paddle systems are really doing great now. sticks are still fun to drive just for the 'hands on' factor as well as being able to drive up the torque by hanging out in the lower gears. to mention the dsg again, they have 'auto' and 'sport' modes where the sport mode more or less gears how a typical stick driver does.