2006-06-20 08:59:25 · 11 answers · asked by Anonymous in Business & Finance ➔ Investing
NO BECAUSE YOU NEED TO BUY GAS, INSURANCE, REGULAR MAINTENANCE, NOT TO MENTION COST OF LIVING. MAYBE IF YOU FINANCED OVER 5 YEARS...
2006-06-20 09:03:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The question is "can someone afford a $100,000 car?" Not "is it a good idea?" Right? Not, "Is this a good investment?"
Sure, just like someone who makes $50,000/yr can afford a $100,000 house. But it would be foolish to buy two. Forget going out to eat. Forget cable. Forget the cell phone. Forget anything else.
Especially for a single person living in affordable housing, this is entirely doable.
2006-06-20 09:17:41 · answer #2 · answered by dredude52 6 · 0⤊ 0⤋
I would have to say he is foolish to do that.
there are other place where money can be better spend.
1) children/family
2) other investment
3) living in a house alone is NOT a good investment but renting it out is better
4)your heath care this should be #1 concern
2006-06-20 10:08:46 · answer #3 · answered by n K 4 · 0⤊ 0⤋
They can afford it but it would be a terrible investment. A person who has this sort of disposable income would be much better served by investing this money in to their 401k, Roth IRA, and/or mutual funds.
2006-06-20 09:26:40 · answer #4 · answered by Michelle's boyfriend 2 · 0⤊ 0⤋
chuffed New 12 months ~ choose Judy beat me to it. The Audi A7 is chic and way lower than one hundred, 000 and isn't any longer the shape of automobile that asserts, *whats up i'm rubbing your nostril in it.* Plus with some thing else of that money i visit donate to charities, or let my 2 daughters apply it to a house for his or her personal and use it for some thing way better significant ?
2016-10-14 08:30:23 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Nope. That would be the dumbest idea ever. You still have to pay taxes and a car is a terrible investment.
2006-06-20 09:03:25 · answer #6 · answered by Hax 3 · 0⤊ 0⤋
They could afford it. It would be STUPID to buy it though. Get ten parcels of land, 10 acres each. Retire rich in ten years. You would have to pay the taxes though.
2006-06-20 09:04:16 · answer #7 · answered by kurticus1024 7 · 0⤊ 0⤋
no. especially since a car depreciates in value. Spend the money more wisely.
2006-06-20 09:03:12 · answer #8 · answered by thunder2sys 7 · 0⤊ 0⤋
No.
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2006-06-20 12:48:42 · answer #9 · answered by Anonymous · 0⤊ 0⤋
You can pull if off, if you do what some people do, which is what until you can pay cash for the car.
2006-06-20 15:03:42 · answer #10 · answered by icprofit6000 7 · 0⤊ 0⤋