Should i pay for a car monthly?

[ㅤ:3]

These past months ive been thinking of getting a car and dont rlly know what to do cuz one seems more convenient but the other seems better

I could pay 15k pesos monthly for something like a 2014-15 Porsche boxster S, and end up driving a boss ass car or like a 2022 mercedes cla35 - 45
(the car costs 800k)

OR I could just pay 100k pesos for something like a 2009 mercedes e500,

@Jason Voorhees (millionaire htn tag)

 

[Jason Voorhees]

If the money's tight. buy the 100k pesos E500 outright, live with it. It's still a decent vintage car. You are still young and can upgrade anytime in a few years

If the money's flowing do the 15k pesos monthly. If it covers financing, insurance, and maintenance, then it's basically a luxury subscription you're paying for the experience of driving a Porsche.

How much this matters to you only you can answer. I can't tell you if a Porsche will make you happy. My dad always told me you don't look at every big purchase as a profit or loss statement. Some purchases are purely emotional and if they truly do make you happy and satisfied without causing ruin. It's best to go ahead with it.

 

[ㅤ:3]

If the money's tight. buy the 100k pesos E500 outright, live with it. It's still a decent vintage car. You are still young and can upgrade anytime in a few years

If the money's flowing do the 15k pesos monthly. If it covers financing, insurance, and maintenance, then it's basically a luxury subscription you're paying for the experience of driving a Porsche.

How much this matters to you only you can answer. I can't tell you if a Porsche will make you happy. My dad always told me you don't look at every big purchase as a profit or loss statement. Some purchases are purely emotional and if they truly do make you happy and satisfied without causing ruin. It's best to go ahead with it.

Mirin wisdomm

I own my business and the cash flow is good, little to 0 effort with huge profit, scared that itll die and ill end up bankrupt so im truing to play it safe, but at the same time saying fuck it

Pressure creates diamonds so i might go with the porsche