Am I underpaid?

I think op is just bragging

 

And one can have some status on the cheap. I picked up a one owner 2006 Cadillac CTS with 51,000 miles in immaculate condition a couple of weeks ago for $9100. I did some basic maintenance to it. It runs like a champ and will get up and go. Leather interior, heated seats for winter. A/C that will cool a refer trailer (exaggerating). Sun roof and full luxury package. Burgundy exterior with Cashmere interior. My net last year was $80K, but why spend for new when I could get a deal like that! No one wanted it because it has rear wheel drive. Go figure!

 

BAM! Hit the nail on the head!

 

Depends what kind of "expensive" car. Any thirty thousand dollar millionaire can get financed for a new Beemer 3 series. But try that with a $90k 7 Series and you'll get laughed out of the dealership.

 

My theory is if you can pay it off in 1 year you can afford it. If you can write a check for it right now you can really afford it. If you have to wait till Santa Claus comes and goes 5 or 6 times before you own it you're just fooling yourself into thinking you can afford it.

 

I would proviso that one. Many car dealers are offering 0% financing. If they offered me 0% financing for 4 or 5 years, I would jump on it. Who cares if the payments are stretched out that long, the same amount is paid.

 

I get what you are saying and used to think along those lines. The housing collapse and it's effect on trucking taught me the error of my ways. I had to sell all my zero interest and low interest stuff for a lot less than i had in them. It took several years to get out of that mess. Never again. From now on its paid in full or i don't want it.

 

Not a thing wrong with that. One does have to balance things.

 

They refer to it as "Bulk" because you are unloading entire pallets of soda, not yanking 2 cases of 7Up, a case of Dr Pepper, and 3 cases of Squirt off of a side bay at every mom and pop gas station.