Just because not many people making $120k/year aren't driving a Porsche doesn't mean that they can't afford one. In his first question sysk asks if people maki

Just because not many people making $120k/year aren't driving a Porsche doesn't mean that they can't afford one. In his first question sysk asks if people making that much can afford one. Later, he rephrases the question as, do people making that much drive them. The answer to the second question is no. But I still believe the answer to the first question is yes. How is it possible for someone to survive okay on $40k/year, but if they earn an additional $80k/year (maybe an extra 40k/year after taxes?) they can't afford a $50k car? As I said, it comes down to priorities. (We're assuming that they don't live in NYC. I don't think it's fair to use that as an example for car affordability.) Even if we assume 80k/year as the baseline, that's about $20k/year extra after taxes. Can you buy a Porsche with cash without saving any money up? No. But if you save for a little bit or get a 3-5 year car loan it's easily affordable. So as I said, I believe that anyone who makes that much and wants a Porsche can easily make it happen.