What is your yearly gross salary and what was the purchase price of your daily driving vehicle?

Mutual Fund Financial Services

Massachusetts

As I said earlier in the thread on page 2:

RE: What is your yearly gross salary and what was the purchase price of your daily driving vehicle? 1/19/2017 2:29PM - in reply to jdm/subaru 4 life

HMMMMMMMMMMMMM

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Salary $130k - 2004 Grand Cherokee I bought in 2012 for $10k cash. Currently has 101k miles - hoping to get 180k to 200k miles out of it at least.

$82k

$18k 2 years old off a lease with 18k miles. Other than running it's my favorite part of my day. I'll never buy new again.

674k Net

No Mortgage

90k BMW M5 as daily driver

200k Lamborghini Huracan LP610-4 as a weekend toy

I'm a Genetics Industry entrepreneur. My accountant sets my income at $400K. The 2016 Honda Fit costs me a little under $20K out the door.

HS coach, made about $19K. Purchase price of car: $0 (hand me down).

I normally buy used cars but this last time it didn't seem like the savings were that great after factoring in the 0% financing etc.

I guess it depends in the car and it's depreciation rate, but what I was seeing was almost a straight line depreciation rate from the day it was bought, not giant drop off in the first couple years like the common belief is. It almost seems to me that belief is somewhat built on looking at MSRP vs used price, but since no one pays MSRP it's a bit skewed. Plus you normally get a better APR with a new car (I got 0%)

For example I got my car for just under 23,000 and most of the used ones with ~20,000-40,000 miles were going for almost ~20,000.........cars with 80,000-100,00 were going for about 10,000. If we consider a 100,000 mile car to be at least 50% used up, how much am i really saving to buy someone's problem car? saving of 3,000 spread out over 10-15 years? Then factor in the cheaper financing on the new cars and it just really seems like an insignificant number.

Didn't seem like much savings, especially when factoring in that there is going to to be a higher rate of problematic cars in that group (at least some of these cars are being sold due to having some issues already I assume)

MrNYer wrote:

Me: $230k, 50 years old, quarter-mile in 63 secs

Car: $30k, 1 year old, quarter-mile in 5.6 secs

Huh?

0 I'm in college

Parents bought my car 30k

P.s likely very few poeple are lying it's an anonymous forum.... Also I think people that have something to brag about i.e. Making 200 a year are more likely to post so your not getting an accurate representation

Bought a new VW Golf 2 years and 1 day ago for $18k. Made $22/hr then, make $26/hr now.

I've only run 15:40, and though I find my girlfriend attractive, she is not a professional model.

This is thread is entertaining.

Keep it up guys.

Combined Income - $270k ($70k me, $200k wife)

Cars -

2009 Honda Fit (~$19k new)

2017 Subaru Outback (~$35k new)

We have a baby on the way, so we splurged and swapped out my compact for the Subaru to get something bigger that has AWD and the space to handle the baby + dog without being gigantic. We plan on driving both until they die or become cost-prohibitive to maintain (which is what a lot of people do with their Subarus here in the PNW). My wife's next car will probably be electric, but that'll only be when the Fit is toast, so not for quite awhile...

Combined net income somewhere north of 500K

I don't bother owning a car, I just rent one when I need it.

$110k

~$18K 2yo jeep in '08

~$22K 5yo odyssey in '14

$150,000 2016 Porsche Cayman $64,000

Combined $400K. Lexus: $50K and Mini-van $40K. Both are pretty new and it pains me to make dual car payments, but we will drive them for 10+ years and typically live well below our means.

2016 salary $38,500. My car '14 BMW M4 $86k, wife '15 Volvo V50 $42k. I make a little money that is not salary.

$750K

2006 Ford Expedition, bought used with cash, $30K at the time.

Wife: Infiniti SUV, bought used for $60K cash.

Also own Jeep 4-door, $40K new including all customization, bought with 36 month no interest, paid off after 36 months.

I make about 35k of you all's sweet, sweet tax dollars and drive a 10k car.

Thanks everyone!!!!!

About 600k combined income, we paid $32k for a used BMW wagon a few years ago. At 0.9% interest I took out a 60 month loan and kept the cash in investments. Turned out to be a good decision.

We have two kids, a full time nanny who we pay a living wage, and a 900k balance on our mortgage, so the money flows pretty quickly to other things. We're not looking to upgrade our ride any time soon.