Quote:
Originally Posted by catapult
Depending where you are in Canada, "close to six figures" is not great (sorry to rain on your parade) especially when you should be saving for a home or making other investments and taking into account that cars are still quite a bit more expensive here. As a real estate agent, saving is particularly important as markets can drop (and therefore your income - my mum's been an agent for 30 years so I've seen both the really good times and the really bad times). That being said, if you've done the math and your budget allows for some decent savings and the car, then go for it! You'll love it! Also, as you probably know already, you can withdraw up to $20K (at least that's what is was a few years ago) from your RRSP (registered retirement pension plan) for a downpayment for a first time home buyer. Also, contributions to an RRSP are tax deductible so you definitely IMO have to max these out before buying the car (unless you like paying taxes).
Sorry, one other thing, I assume you're not planning to take clients around in the Lotus for showings.
Good luck
Carl
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Thanks everyone for the advice. I realise my income is not huge. If it was, then I wouldnt have to pick, Id have both.
I already have a 2006 pontiac g6 gt for my daily driver/client vehicle.
Hmmm.