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Yeah, whenever I see young people driving brand new BMWs my first thought is always "I know that I make more money than you, and I could never afford that car".
by ramesh31 4y ago
Yeah, whenever I see young people driving brand new BMWs my first thought is always "I know that I make more money than you, and I could never afford that car". I truly do not understand who can actually afford a $1k car payment who isn't a millionaire.
- fullstop 4y agoIf your mortgage is paid off it's definitely possible. I wouldn't waste that kind of money on a car, but a lot of things change when your housing costs drop drastically.
- driverdan 4y agoMost software engineers can afford $1k/m and still save plenty of money for retirement. The key is not living in a HCOL area and reducing your other spending.
- linuxftw 4y agoThis is referred to as 'daddy's money.' A large portion of the youth today are living off of their parent's income or existing wealth. Their parents might not pay for their car, per se, but they're likely footing the majority of their other expenses such as paying for their apartment or condo, paying their tuition, giving them regular allowances, etc.