In my early 30s and tired of driving the same old Honda accord for past almost 10 years and thinking to upgrade to a nicer car, thinking super car like R8 or 911 GT3, etc. Age: 31 TC: 700k NW: 1.5M Married no kids Can I afford to do this?
No wtf
Why?
Bc you should spend that $$ on a De Bethune instead. Higher relative value within its product category
Hurracan
There's a lot of cars between old Accord and 150k. If I were you I'd do like 80k
Cars are a waste of money and a depreciating asset. Most won’t get you girls unless it’s a Lamborghini or a Rarri. Stick with an affordable car and invest that money in a better place.
But I already have 1.5M invested, what difference does the 150k make instead of enjoying life a bit.
I think the poll has it right. You can afford it. It's less than 10% of your NW and less than 25% of your TC. Heck, there are people driving cars worth 40k, who don't make 100k a year.
15k car maybe
Why?
Create LLC Buy $150k car that weighs over $6,000lbs (G Wagon) Create YouTube channel to flex on for ad revenue Write off car using tax deduction of section 179 for business and marketing expenses *This is not financial advice
Can I write off if the car is less than 6000lb?
You’d be more going for the marketing/advertising write off at that point. Look for a creative tax professional you can trust https://www.section179.org/section_179_vehicle_deductions/
With your TC and your situation and your age, I think you’re just showboating. If you’re making 700k I think you are smart enough to answer your own question.
Fake posts
How about "no just don't buy it"
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Maybe a 60k one