All my life, I have been in the "financially challenged" situation. One thing I would love to have is to own an AMG SUV or a M sport SAV.
If one looks at this from pure financial prospective, it is really a bad idea. 100K sitting in a high yield account at 5% is making 5K a year. One 100K car sitting in the driveway will lose at least 10% every year, let alone needing insurance and maintenance costs. Currently, late model CPO does not offer much savings.
But if I don't get one now, I would probably never going to get one once I am retired. We only live once, is getting a nice car before retirement a really big sin?
If one looks at this from pure financial prospective, it is really a bad idea. 100K sitting in a high yield account at 5% is making 5K a year. One 100K car sitting in the driveway will lose at least 10% every year, let alone needing insurance and maintenance costs. Currently, late model CPO does not offer much savings.
But if I don't get one now, I would probably never going to get one once I am retired. We only live once, is getting a nice car before retirement a really big sin?