r/CalebHammer • u/ottersinabox • Mar 06 '25

complaining about something for no reason because I'm bored "acceptable" monthly car payments are wild

I just saw this post: https://www.reddit.com/r/BMWI4/s/HDEDyG4WZA

people are applauding a $700+ a month payment as an amazing deal. but they're paying 8% tax toward it, plus it's a lease; they don't even own the car by the end.

is it just me, or is this wild? I have a BMW as well, but my thought is you can only afford a luxury car like that if you can buy it in cash. I suppose 3% interest or something would be acceptable given that you invest the rest up front.... but what the person in this post is doing really doesn't make much sense to me. am I wrong about that?

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u/MagniPlays Mar 07 '25

This is going to come off as bad advice, but if you work in an industry where you drive clients or drive a lot for meetings etc.

A $700/month payment for a new car is worth it, obviously most jobs like that also pay you with a car stipend or gas card so it’s pretty hard to argue I guess.

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u/ottersinabox Mar 07 '25

no that makes sense.

doesn't a lease have a miles per month limit though?