Derek on YayHooray
Out of context: Reply #86
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- jox0
Actually, anyone that has a job can get that car at those insane rates. It's not totally crazy if you can maintain the lifestyle you had before. But when you start giving stuff up, then no.
When I was in high school, one of my friends took a 10 (or was it 12) year loan on a new mexico blue Porsche 968 CS. Absolutely stunning. But he never had a cent to spare, never went out with us for drinks (hence, never met chicks) and as far as I know, he's still paying for that beat up has-been. Really sad. He's paid basically everything he's earned for 10 years for something that's worth 7 grand today.
Rule of thumb - buy things you can afford. Especially if it's a depreciating asset.
And if I may - I have driven the Z4 M coupé on a track and it would surprise me if he hasn't totaled it before the lease is up. It's sca-ary nervous in the rear.