Hi all, Im on the edge about buying my dream car. I own a property management business and also work full time as Product designer. Between both incomes is about 205k a year. Not including bonuses adds up to like 230k. I have zero debt, and have about 215k in cash savings, 5k invested in the market. I currently spend about 6k a month in expenses including rent, car, insurance, misc, etc. I save almost about 10k every single month. I'm very well budgeted. I currently pay about $750 for a leased Mercedes AMG. My dream car is C7 Z06. I've found a deal that will cost me about 5k down and increase monthly payments to $850. I'm not really sure what is the correct move here? I tend to turn a blind eye when it comes to cars, I feel like it’s my Achilles heel in finance, since I’m such a huge car guy. Even though I know it’s a depreciating asset.
Submitted April 24, 2020 at 08:45PM by Rawdri69 https://ift.tt/3aA93jt
