Based on ppl I know and the cars I see on the road, only a small minority of people follow this. Many live life by their monthly paychecks.

But ppl who follow, chances are they will be quite financially isecure. That feeling of financial security is a great feeling, better than any new car.

good luck reporting staff to mod 

I see.  Cars are generally depreciating assets unless they become antiques or collectibles.

to consider a car a "toy", you must have reached the level where you can buy a car of any value on impulse. anything less than you cannot.
that video drew plenty of backlashes as it was controversial but we cannot deny that he is quite successful so he is entitled to his opinion in that manner - for what it is worth, he has his point.

some people skimmed on food but spent lavishly on expensive holidays - it's personal preference on priorities, can't fault him on that.

Many people have no idea how back-breaking and time-consuming it is to maintain a home. Sure, you have all those instagram shots of posh, 5 star hotel looking deco, furnishing and ambience, but to maintain that.... well, if there is such a thing as high-maintenance women, there is definitely such a thing as high-maintenance properties (and cars too, to keep in topic ).

Trying to maintain anything above 2,000 square feet on a weekly basis by myself would drive me into an early grave!

Also, you make another good point... the bigger the property, the higher the maintenance fees, but whether we squeeze every dollar of value out of those monthly fees is a completely different matter altogether (and the same analogy can be applied to expensive cars and gym fees, LOL!)

Basically, the older I get, the less effs I give about trying to maintain a lifestyle or keep up a display. I have less and less things to prove over time, on a material level at least.

It all boils down to priorities in life ultimately... *shrug*

I'm on the verge of buying a 330k glc. However I've been brought up in an environment where I'm taught not to spend even when we have the money. So the whole spending for a luxury car is very counterintuitive and scary at the same time.

I've gone back to the drawing board countless amounts of time for a year now telling myself getting the glc presents no challenge at all financially. Even though we still have house loans, interest is offset due to equivalent cash amount parked in our current accounts.  I have another year before my second car is paid off. 

So thereafter with our income, servicing the potential car purchase is merely 10% of our income without anymore other major commitments. Entirely doable and will be even less if I decide to put a 50% dp for the car. I did wanna pay for it in cash but the thought of triggering the taxman is scary.

Everyday is a repeat process for me. Getting past my emotional barrier in writing the final cheque. On one hand I'm only young once and I don't wanna be 40 or 50 before I get a nice car. My finances, career, insurance are all sorted nicely and I'm not compromising or sacrificing my living standards for the car. On the other hand, I calculated I'll pay approx 150k for a 5 year ownership, a small fraction of our joint income but a significant sum nonetheless. I wish I can make a decision already!

38 this year.

... and be laden with the melancholy of after warranty service repair bill.

the simple truth is this, if one cannot afford a premium luxury car first hand then he cannot afford it at all. those buying used (other then CPOs) are asking for trouble.

certified pre-owned.

My car is currently worth 125% my monthly pay.

Back I was 15k I don’t even dare buy 150k car

Most money goes to investment and prop

Different priorities I guess.

Usually u see ppl buy 200k car is under company name.

There is 0 benefit of buying a car that is above 200k under ur own name also

Can anyone help with a side track question?

What does it take to afford a Ahmad for a family member?

Forget about rm260k car.
I will settle with a sub rm200k Toyota Vellfire / Alphard of recent years model.

Err I know this is serious /k, but still /k right?

Anyone?

Wonder what motivates TS to buy premium car? Is it to impress clients? If TS is young should follow steps done by one of forumers who sacrificed young age to achieve more later like buying premium car with cash

why u nned such big car???get  sedan like bezza or honda or toyata or nissan better...save some money for buying  house it's better...

Only when my income reached 24k i dare bought my BMW G30