Quote:
Originally Posted by Randy Johnson
Is is safe to say the 99% of bmw owners make over 100k? With these cars costing so much I'm just wondering where owners are in terms of salary? Not sure who people can afford so much for a car these days.
PS: I buy used.
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A lot of people consider salary + available credit = income, the average American has $2,500 in their bank account and the avg. new car price paid is $45K. Basically, you can lease a 80K car as long as you can pay $1500 a month or so.
I remember a couple of years ago when the Fed govt. shut down for a few weeks. There were people in Mercedes and Lexus showing up to get free food in the news. As others have said, it's how people prioritize the money they earn and borrow 🤷🏻
On the other hand there are a lot of people who can easily pay for any BMW for cash if they could. But rates are so low and the market is doing too well to put cash into a car. LOL.
There are all kinds of buyers and people here. You can't tell someone's wealth/income by just a car. IMHO