Quote:
Originally posted by Peaches-n-Cream
Oh, I get it now. Get what makes you happy if you have the means. There is nothing wrong with financing a car especially if the interest rate is low.
I never saw the BMW as being a luxury car. Porsche, Jaguar, Rolls Royce, and Bentley are luxury cars to me. Is Mercedes Benz a luxury car? I guess so. I've been pretty spoiled. 
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Umm All of those are considered luxury cars with cars like the Rolls, the Bentley, the Mercedes Maybach, Volkswagen Phaeton, etc. considered extreme luxuries often had by people with money to pay for drivers.
Porsche makes a lower end boxster which is again, ridiculous. People buy it to say they have a Porsche but it's not what Porsche is. The same thing with the Jaguar X which starts out under 30.
And yes there is quite a bit wrong with financing something you don't need. Interest rates are not that low enough to justify it. It's the reason why so many Americans carry large levels of debt and live paycheck to paycheck. If you need a car, buy a car but if you want to be able to brag that you're part of a very select group of people make sure you really can afford it.
-Rudey
--I take public transport and the ladies love it.