Quote:
Originally Posted by fmzip
YTD I am at $400K. And here I was having a real hard time pulling the trigger on my M850i....
Curious, how did you pull this off? Did you finance it? At $3.5K gross, living expenses etc, seems unfathomable to me. Good for you either way.
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If I was making $400k a year, I would have an M8 for a daily driver, and a 488 for a weekend car. I make a little under half that, so, I'm not sure what you're doing with the $33k a month, The only thing that makes even remote sense, is a $2 million house, and a fat/ maxed out 401k and retirement account. Coming to the table with $120k, cash, when rates were down at 0.9% would have been a waste of money. I locked in at that rate, in Oct of last year. No reason to drop all of that money, when the finance charge on an M4 is $84 a month on $1,635.
I sock 13% a month away, and I have a mil retirement pension, and I'm 8 years from my second 20 year pension, at 47. So, it all depends on what you feel you need. An M850i for a $400k a year income, is like buying a 1997 Prius making $10k a month.