How much should I spend on a car?

Posted by IceRichNg@reddit | askcarguys | View on Reddit | 10 comments

Hey guys, what’s up?

So, I posted earlier this week on the e60 community about wanting to buy a bmw 550i.

Got mixed responses, some people said I would go broke and others said it was worth the experience.

It got me thinking, how much money is too much to spend in a car? I mean, of course each person has their own unique financial situation, some people like cars, others don’t and a lot of other factors.

Then I got myself thinking about my own situation: I’m 23, got myself an apartment, also a piece of land/lot, a bmw f30, no debt, and I have about 100k in “cash”.

That being said, I wanna buy another car, with a bigger engine and maybe with a manual transmission. Still wanna keep the f30 to daily.

Should I really fulfill my “wants” or am I being irresponsible?

I don’t have a wife nor kids

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principaljoe@reddit

you're being retarded.

land is nothing without a homestead. building a home costs money. you currently rent an apartment. you already have another car.

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IceRichNg@reddit (OP)

I assume you can’t read bro… I said I have an apartment (3 parking slots), so, I have a home and I don’t pay rent 🤓 I also have the land, two separate and distant properties.

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principaljoe@reddit

what does "got myself an apartment" mean to you?

are you trying to say you have an investment property you rent out or do you rent an apartment?

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pisspeeleak@reddit

Im in Canada and apartment/condo are used interchangeably, it has nothing to do with renting, its just a unit in a building. Some people will call a townhouse a condo too but I think that’s just to make a point that it’s not a standalone house

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principaljoe@reddit

for the record, i consider canadians to be classy americans.

thanks for scott thompson.

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pisspeeleak@reddit

Lol, we gave you Jordan Peterson and Justin beaver so we can call it even

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IceRichNg@reddit (OP)

That’s what I thought from the beginning, didn’t knew it was a whole different thing in the US.

Me and the other dude just going at each other throats for nothing lol

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IceRichNg@reddit (OP)

It means I bought an apartment(unit), and I live in it, isn’t it? (Not rhetorical, English is not my first language)

I bought the land as a real estate investment, maybe to construct a warehouse or other commercial building in the future and then rent it.

Just saw your edit, I think you are correct, for Americans it would be a condo.

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principaljoe@reddit

welp, we've reached the following status: - if you're american, you're retarded. - if you're british, you're sophisticated with refined taste.

pretty consistent theme in life.