Quote:
Originally Posted by Erick Estrada
I don't know where you did your math but base pricing doesn't count with luxury vehicles as they are strippers with less features than a Corolla. A base car from a German luxury automaker is a bit of a myth. They exist but only special order as dealers won't stock them on lots. You can get to almost $90k in a AMG CLA 45 for example and that's MB's entry level car. I can build a Ford Raptor over $100k and and F-150 Limited to $95k. I know you can build GMC's to over $100k with ease. I don't think anyone argued that a $100k vehicle isn't a luxury. In fact you can argue $70k plus is luxury. Doesn't change the fact that it's pretty easy for an average wage earner to get into a luxury vehicle with a 72 month loan or balloon loans.
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There was no math, it was just what's available from a few dealerships in Calgary right now. I don't think these cars are a myth when there are 26 of them (under or well under $100k) you can drive off just one of the Mercedes lots today.
I would generally disagree that someone with an average wage can pretty easily slide into a $100k vehicle on a 72 month loan. That's a third of their monthly salary... for a car. In a scenario where you have two people making an average wage and splitting the car, that comes out just fine. But if you're a single person driving that kind of vehicle on an average wage and not living with your parents, you're car poor.
I think we mostly agree though, there was just a couple posts that seemed to take issue with $100k being a luxury mark, when it absolutely is. Not to say there's anything wrong with buying a $100k vehicle, but if you're getting in one on a single income you're either wealthy or stupid, and there's no shame in admitting you're wealthy.