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Thank you all for your advice. I've decided to hold off on the purchase for at least a few years. I could definitely use some investing advice in terms of buying an investment property and how. So if any of you want to message me and share your story please feel free. Thanks again.

I feel like I can get a better return than 6% per year on cash, which is why I would finance. Overall, the difference between financing and paying cash comes out to $4.5k interest for year 1, 3.5k innterest for year 2 etc.

Isn't life too short?

Thanks for the input. I agree.

Thanks I appreciate your advice.

Ahh yeah, if I buy the car, yes. Currently DTI is at 0. My plan was to buy the car, use it for 2-3 years then sell it. I'd lose about 40-50k (cost of ownership: insurance, interest, payments, depreciation) in 2-3 years.

I understand but if I'm saving/investing 65% of my income and spending the other 35% (on this car), is that not reasonable?

I understand where your cominng from, but does that mean I just invest all my money and not spend any of it?

I don't really do much, just work. Kind of tired of collecting a paycheck and not spending ANY money. What's the point of life if I just invest 100% of my take-home paycheck? Only thing I'd ever spend money on is a car or a house.

I have 0 debt, so I'm unsure how you are calculating debt to income, but I see your point.

Yeah, putting 40k down. I see a good career trajectory but you never know in this market. Might go for it, but not sure if a 2020 is worth it.

Thanks for the response. 35% of net income. For depreciation, I set it to 10k per year (~$800 per month). I am contributing the minimum matched and I am single, no kids, no other financial expenses. If I take out depreciation it costs ~$1500 for the monthly payment and insurance.

Hi all, Just need some advice on whether it's a good idea to purchase a 2020 Taycan 4S. I am 27 years old and the cost of ownership would come out to approximately $2200 per month (including payments, insurance, and depreciation). The $2200 is approximately 35% of my monthly income and I have no...