View Poll Results: Minimum Net Worth
$500,000 - 1,000,000
12
30.00%
$1,000,000 - 2,000,000
10
25.00%
$2,000,000 - 3,000,000
9
22.50%
$3,000,000 - 4,000,000
2
5.00%
Over $4,000,000
7
17.50%
Voters: 40. You may not vote on this poll
What do you think the minimum net worth of a person should be to own a 100-150k car?
01-26-10, 07:20 PM
#31
My mother makes slightly less than 400k, but she drives a base model Toyota. She just grew up with values of appreciating the little things, since she started with nothing (bread and water were most of her meals since the money went oversees to help relatives)-all she did was study and work (farms, canneries, sewing factories) to pay for college. Your statement clearly describes her values in where money goes- other properties and child make up the bulk on it especially when shes paying off 5 college tuition and new properties for my siblings and I to live in comfortably.
01-26-10, 11:10 PM
#33
Definitely be able to pay for it with cash. That being said, I don't necessarily mean they have to pay for it with cash, they could lease (although I'm reminded of how Suze Orman has stated that leasing BMWs were one of the biggest financial mistakes she made--she now buys Mercedes in cash paid outright; OTOH, she doesn't own a private jet but does use a private jet timeshare-system).
01-31-10, 02:56 PM
#34
Some people on here thought I was lying about my brother owning a Lambo, Porsche twin turbo,and a Ranger Rover supercharged; fortunately he brought his Lambo out today and here some pictures of it in front of my Parents house. Sorry I took the pictures from a camera phone.
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