re: If you make less than $300k you shouldn’t drive a $60k plus SUV

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Via taxation you have to support people who don't make wise decisions after their working years are over.

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Yep as someone who doesn’t make $300k, I want to thank everyone for the government check I get every month to pay for my $60k SUV.

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Via taxation you have to support people who don't make wise decisions after their working years are over.

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I’ve got news for you; you’ll pay those taxes whether you like it or not...just like the rest of us.

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Yep as someone who doesn’t make $300k, I want to thank everyone for the government check I get every month to pay for my $60k SUV.

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Where Can I sign up for said checks?

Although I do believe way too many people drive 60k vehicles, do you really think it takes 300k to afford one? You have no clue if you think so. Sub 200k could swing that vehicle and still max retirement, have a very nice house, send kids to private school, etc.

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I think the general rule is that a vehicle shouldn't cost more than half of your annual income unless you have a big downpayment.

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If you're spending half your annual income on a single vehicle - you're beyond help (and I've done it, and yeah, I was beyond help.)

Heck, ALL your vehicles shouldn't be much more than half your annual income - if that.

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People making 150k per year and investing in 401ks are taking home approxilately 8-9k per month,

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Closer to $7k.

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your monthly note should be no more than 1/3 of your take home pay.

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Of your home mortgage maybe. But not your vehicle.

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60k vehicles, do you really think it takes 300k to afford one?

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Maybe not one, if a family has only one car note.

But 60K Yukon and a 40k+ truck on a 200k salary plus max 401k, house, private school, and living expenses is living pay check to paycheck.

I agree that people can buy whatever they wont but I do feel that people waste a lot of money on cars. I am a believer in the philosophy of buy a car to do its job not make you feel good. I drive a crappy 2006 Toyota but it does the following: paid for, good gas mileage, never breaks, will last along time, has an AC and it drives me to to work. Why would I pay $600 extra a month to remove a couple of those options and replace it with: Its new and expensive?

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Where the hell did you hear this? Sounds like another De Beers marketing scheme.

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Not sure which one exactly but I believe I learned it at a dealership from one of the sales managers