Advice on cars while trying to retire in 10 years
HHI pretax is around 350k and we have 1.6M PPOR no debt and 2.2M IP with roughly 1M mortgage (around 20k maintenance), and just 600k in super. 49M and 47F, we plan to retire when wife turns 55 so roughly 8-10 years.
Now here's the thing, we are very mindful of our spend but in no way we are restricting fun stuff - we travel, we go to fancy restaurants except that we just don't touch stupid luxurious items.
Except I really like this car which is around 115k and I'm debating with myself whether it's a good idea to buy now, enjoy it, or wait till we retire, buy then and enjoy it then.
If we didn't have the 1M mortgage it'll be a no brainer but at the moment it's a bit hard to justify. What do you guys think?
FYI we do have 2 cars already. I'm not sure if I should also classify this new car as 'stupid luxurious item' :D