[quote=kev374]
This is how people become poor. They blow their money on cars that depreciate 20% when they drive it off the lot. Most people who buy BMWs/Lexuses really cannot afford it by a long shot.
In my opinion to afford a $60k car you should have a net worth excluding primary residence and retirement of at least $500,000.[/quote]
So to afford a $20k car, you’d need a net worth a 1/3 of that?
