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Sedans Luxury Lounge
21518 messages, Last post on Dec 05, 2009 at 10:07 AM
You are in the Sedans Forum. Your Hosts are pat & karens
According to the Wall Street Journal it appears affluent bankers are spending more money on their mistresses than their luxury cars.  Wall Street bankers say they're spending about 12% of their money on fine art and collectibles, while 14% went toward "other" -- a category that includes hobbies such as horses and flying lessons, as well as "mistresses." Despite media reports of bankers rushing to Ferrari dealerships, the survey showed they spent a relatively small 3% of their bonuses on luxury cars. (That's still $149,000 each, based on the average payout.) Wall Street Journal
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Replying to: dewey (Feb 23, 2007 12:05 pm) I can certainly imagine the other Lady to be very expensive, in fact my wife is expensive--to say the least--A Ferrari could be parked in a pinch, but not the mistress, as she would be gone `In a Flash`, maybe in the Ferrari  ...Tony
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Replying to: dewey (Feb 23, 2007 11:57 am) BMW was NOT thriving. Ask anyone who was with them in the late 80's to early 90's.
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Replying to: 530ir1150r (Feb 23, 2007 11:58 am) People simply wouldn't or couldn't afford their product in a Depression. Remember the Duesnberg 20 Grand? Thats how much it cost in 1933. A Ford was what, $600? Even a Rolls wasn't near that much. |
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Replying to: dewey (Feb 23, 2007 11:54 am) Remember, Mercedes was only a part of Daimler-Benz. The merger never made sense to me, or anyone else. DBAG didn't need Chrysler. Chrysler needed DBAG. BMW thrives only so long as people will pay inflated prices for their bread and butter products. BMW's profitability is what allows it to remain independent and pursue new models. Without the huge profits from the relatively few cars they sell, they would be up a creek. |
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Wow! The average transaction price of a 07 S Class is almost $100K. More than 36 percent higher in terms of transaction costs than a LS! Amazingly the S Class is selling very well and is among the hottest models today based on dealership inventory turnover figures. This proves that the wide price gap between the MB S Class and Lexus LS remains today as it did in the past. SOURCE: WALL STREET JOURNAL 
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Replying to: anthonyp (Feb 23, 2007 1:08 pm) That would definitely be the best case scenario! Otherwise if the banker's wife finds out he will end up spending more than 3 percent of his income on alimony, child support and sharp elbowed lawyers. In that case a ex-mistress driving off in the oppostite direction with his Ferarri would not be so tragic after all. 
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