View Single Post
      11-23-2014, 11:24 AM   #101
M6-Coupe
Major General
M6-Coupe's Avatar
1125
Rep
6,067
Posts

Drives: F92 M8
Join Date: Feb 2014
Location: Bay area

iTrader: (0)

Quote:
Originally Posted by SloPoke View Post
I'm going to break away from the pack. I for one do not feel that you need to be making $500-$600k a year to buy an M5. While it may be wise advice to not spend more than 18-20% of your annual salary on the purchase price of a car, it is by no means necessary. I would wager that the majority of M5 owners earn $150-$200k per year. It's all about what you are willing to compromise on. There are so many factors to consider, it is asinine to try to assign a salary to a car. For instance, I make $120k a year. I am about to pay cash for a $550k house. I'm about to pay cash for my wife a new Cayenne, and I'm about to pay cash for an M5 or M6 GC. At this point, I will be 100% debt free and can invest about 75% of my income. My wife is about to graduate with her masters in speech language pathology and be making $100k a year. 100% of which can be invested since we are living off 25% of my income. Even before all this, I was driving a 1M making $100k per year. You live once and it's not about who dies with the largest bank account. It's a balance between that and having a good time.
__________________
Current : 2020 F92 Black Sapphire M8 - ZF8
Gone : 2018 F80 Mineral Gray M3 - 6MT
Gone : 2016 F82 Austin Yellow M4 - 6MT
Gone : 2013 F13 Sakhir Orange M6 -7DCT
Gone: 2013 F13 Alpine White 650i -ZF8
Appreciate 0