Trade-in for a Cayman S. :)

ChrisSlicks

I definitely wouldn't, very bad debt load even if single. About the highest that is financial sound is 50% of your gross income. Obviously you could go higher if you have very little in the way of expenses and are good at saving money. The more you make the more your wife seems to spend so cash in the pocket doesn't directly go up. I usually squirrel away my end of year bonus and use part of it to fund the year's track expenses, some mods etc, and use the rest to pay down debt or invest.

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Hotchkis ARB | Stillen CAI | Art Pipes | Berk CBE | Stillen AP Racing Brakes | AE Performance Oil Cooler | BC Racing ER Coilovers | Doran Control Arms

ImportConvert

Supposedly, this is true. However, I rarely see this being the case or being a problem. That would mean everyone who owns a new Z, the minimum income is around 60K gross. I doubt that.

I draw my limit at price of the car within 10% of annual gross income. That's just what I feel comfortable with. Then again, I just rent, and have no bills but utilities and food/gas, etc.

ChrisSlicks

I said financially sound, however as a country we are not known for taking the best financial advise Yes, 50% is a bit generalistic, a single guy can afford much more than a married guy with a mortgage, wife and kids.

__________________
Hotchkis ARB | Stillen CAI | Art Pipes | Berk CBE | Stillen AP Racing Brakes | AE Performance Oil Cooler | BC Racing ER Coilovers | Doran Control Arms

ImportConvert

No doubt! If I had kids/wife/gf/whatever, I wouldn't even be on this forum. I would be puttering around in a 10-year-old Ford Exlpoder or something.

I think financially sound is knowing your budget and living within in. How you allocate your budget is up to you/based on personal priorities. Many people in my position would buy a house. I don't want a house in this state, so I am buying a car because I won't move for a couple more years, anyway, but not long enough for the house to be a smart call. It's all about personal situation.

cab83_750

Well,

1. I have one mortgage.
2. No wife
3. 2 kids
4. I do my own home remodeling.
5. No gardener.
6. No pool guy.
7. I service all 7 vehicles.
8. ...... I think I am lean (maybe a tight-w????)

ChrisSlicks

Sorry for the mis-lead, I didn't say I wouldn't get the Porsche, I meant I wouldn't get the $250K car as mentioned by another poster. And your list sounds like mine except I have 2 mortgages (one as a landlord), a wife and 6 vehicles.

__________________
Hotchkis ARB | Stillen CAI | Art Pipes | Berk CBE | Stillen AP Racing Brakes | AE Performance Oil Cooler | BC Racing ER Coilovers | Doran Control Arms

cab83_750

Oh no, you did not mislead me; thus, no need for the sorry.

ImportConvert

If you are paying $250K for a used 997 GT2...