thinking about getting a new car. currently own a 10 year old accord. thinking about spending 50k but thinking it is too expensive. tc: 360k NW: 1.3M wife + 1 kiddo NW split: 700k cash+ stock 300k RE equity 300k 401k
You make 360k dude just get the car you want. Lifeās too short.
Lol yeah you should be fine. You have a Tc of 360 and you couldnāt figure that out?
U work at Facebook and have that much money and u ask if you can afford a $50k car?! Wtf!
Splurge away fb. Enjoy life
Whats the price tag on the car? Also what is the n in [(car price)/n +all expensesyou do in a year] less than 360K? You should be good in n years.
Live life OP. You donāt need validations from random on Blind.
Bmw is outside your limit. More realistic is 9 year old prius PRIME with 200k miles.
Donāt spend your money on a depreciating asset. Buy a Toyota
Youāre asking the wrong question, OP. Although the term āaffordā is open to interpretation, I think even the most conservative among us will tell you that you can āaffordā a $50k car. The right question is how much you should spend on a car given your TC and net worth which is a very individual question that only you can answer.
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Lol Yeah, troll poster