Where'd you get this information from? Just curious.

 

But again, remember these are "median" income figures. By definition, half of all RX400h owners make more than $200k/year. Half make less.

 

I got it from our local Lexus dealership (in Austin). Apparently they do randomized surveys and collect information like this, and our family owns a slew of Lexus vehicles so we're pretty close with the staff and they felt comfortable sharing some of this information with us.

 

Well, if we're talking median household incomes, here's some more data to chew on. If your household income is over $100K/year, you're in the top 16% of median household. If it is over $150K/year, it's the top 6%. Over $200K/year is the top 2.5%.

So obviously there are a lot of people driving cars that they shouldn't... at least not from a financial standpoint. But not everyone is going to live to the same financial principles. Some people are comfortable with car payments that take up 25% of their net income or more. Some of the people that post on this board can barely afford their ISF payments. Others could be driving cars that cost 2-3x as much as they paid for their ISF if they really wanted to. That's the way it is with almost every enthusiast car, and that's the way it is always going to be.

 

Buy it! You never know when it's your time to go!

 

Yeah I agree. That's why I suggested the $35k + 12 months of living expenses requirement for a young 20s individual (although there's really no hard and fast rule here. This is totally arbitrary).

And yes, those are median household income figures.

Edit: It's also important to keep in mind that the median age of Lexus owners is around 50. Naturally I don't expect a 20 something or 30 something year old to compete with a 50 year old salary-wise

 

i agree with will

 

^^^ I agree too lol, its an ISF not a super car.

 

let the ladies pay for you. i thought that's how it was suppose to go

 

The OP is a lady, IIRC

 

Get into a career then think about expensive cars. Something breaks you will struggle to afford it. You will want to mod it. Insurance ain't cheap at your age.

Tmobile? Enjoy the extra cash flow and wait.

~Dv8

 

all other info and numbers are wrong

 

IS-F, even a used one, and financial aids and grants don't sound right.

Skip, I say, as there's always a better car when you're finacially well off.

 

i'll say this. Reach for the starts and go for your dreams. you'll get it if you want it bad enough.

 

Hey guys I'm 15 years old working at Mcdonalds.. do you think I can afford a used Ferrari Enzo? I mean.. there shouldnt be an issue right? Ill just sell it if the payments are too rough.