Can the average person actually afford a new, luxury car?

Messugga

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You guys are not factoring in the panty dropping value of a fancy car. Some guys pay thousands a month to go to strip clubs, escort services what not. If only they knew about the gravitational effect of a shiny BMW on woman’s underwear. Plus the added benefit is if you have car allowance, you get to claim this back on your tax return.
Doesn't work with the usual BMWs. You need an M of some sort.
 

Daruk

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Just get a 1990 corrolla and a 2018 corrolla, drive the 1990 one around for a week and then the 2018 one.
It`ll feel like you`re driving an exciting luxury car every 2nd week.
Agree, they don't make clutches like the one on the 90 Corolla anymore.
 

Daruk

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You guys are not factoring in the panty dropping value of a fancy car. Some guys pay thousands a month to go to strip clubs, escort services what not. If only they knew about the gravitational effect of a shiny BMW on woman’s underwear. Plus the added benefit is if you have car allowance, you get to claim this back on your tax return. File it under TT on your IT3 ...
Lol. You're hanging out with the wrong chicks. Just saying. Next time she drops them, give her R50 and send her to pep for a new pack with functioning elastic.
 

Mister 44

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Thread reminds me of this ad for Channel O a few years ago:

channel-o-bmw.jpg

Disclaimer: I'm not trying to say (nor did Channel O at the time, I think) that black people are irresponsible. Just saying that different people have different priorities.
 

thechamp

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Thread reminds me of this ad for Channel O a few years ago:

View attachment 527497

Disclaimer: I'm not trying to say (nor did Channel O at the time, I think) that black people are irresponsible. Just saying that different people have different priorities.
I am black I get It, there's a beautiful nyatsi living in that RDP, the gent who owns 6 regards this place as his haven to escape from the mean wife in the leafy suburbs.
 

S.Claus

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Most people see it in the sense of you only live once so why not bite the bullet and have a nice car (lady at the office paying off her C class Merc for 83 months) .Then on the other side of the bridge there's the select few who have more money than brains (friends kids who started off with a a45 and rs3 as first cars)
 

Mister 44

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I am black I get It, there's a beautiful nyatsi living in that RDP, the gent who owns 6 regards this place as his haven to escape from the mean wife in the leafy suburbs.
Never thought of it like that, but it does make sense :D
 

Splinter

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I mean a BMW out of motorplan isnt cheap to run,
and say ill eat 2 min noodles but have a 7 series BMW.

I mean a 7 series BMW,

pity you cant off road a 7 series BMW...
good man, if you didnt buy a BMW 735i it wont:p

gives me endless entertainment watching BMW drivers drive like POS, and stuck behind the next bakkie in front of me.
but the government would be rolling in BMW's for all the secretaries of the maid that cleans their bedroom.
I think someone has a secret crush on BMW's... :whistling:
 

Splinter

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What is considered an average person?

Anyways, you need to decide between driving a nice fancy car every few years by trade-in option (paying a lot less per month because you have balloon + deposit), or driving (and eventually owning) an ordinary car over a very long period of time which would probably cost you the same per month or slightly less since you won't go balloon and less deposit.

At this stage in my life I do trade-ins , but will go the outright owning the car route once I retired maybe.

PS, my current 500k car costs 5k p/m, think my deposit was around 200k with maybe 15% balloon. Will continue trading it in for a newer version every 3 years.
How does this theory even make financial sense?
Totally agree. Purply is basically saying he/she paid R200000 to rent a car? I have my doubts.

And the logic does indeed not compute ito financial sense. Although I am one of those "idioys" who have bought new cars, I started off by paying the car off with accelerated repayments. So, instead of a balloon when it came to the next car, I had the old car as a deposit for the next one. Which I then paid off quickly as well. Plus also kept the cars for longer than three years while I paid them off and used the available cash elsewhere.

In essence, it was a few, or maybe many, years of financial discipline that allowed me to "waste" money later on.
 

Daruk

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I am black I get It, there's a beautiful nyatsi living in that RDP, the gent who owns 6 regards this place as his haven to escape from the mean wife in the leafy suburbs.
And on alternate weeks there's a Merc parked in it's place.
 

Splinter

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You guys are not factoring in the panty dropping value of a fancy car. Some guys pay thousands a month to go to strip clubs, escort services what not. If only they knew about the gravitational effect of a shiny BMW on woman’s underwear. Plus the added benefit is if you have car allowance, you get to claim this back on your tax return. File it under TT on your IT3 ...
Car allowance? Don't think it really exists anymore.
 
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