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Originally Posted by kernelpanic
Depends on what your long term goals are for it. Are you going to buy a $100k car new, drive it for 5 years, then sell it at a fraction of its value? Or are you going to buy it slightly used, drive it for 1-2 and keep it in good condition, and then sell it and get much of your money back?
Personally, I'd never buy a $100k car unless money had become immaterial. Unless you're retired and enjoying what you've got saved up, why not buy a car at half that price, and then put the half you saved into a moderately conservative money market fund?
So the question becomes at what income that $100k is immaterial. Having a car like that for say, two months of work would be reasonable, which equates to $600k a year, take home. Double it at taxes and you're at over $1M - at least from my perspective
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Very well put, the only side note would be Brad Shaws point about a CPA. If you run your own business sometimes the tax situation makes it easier for you to spend that money on the car directly, then putting it in your pocket. If you got a good enough CPA, he'll work out a way for that car to not be such a burden as long as you have a decent solid company.