View Poll Results: What is your train of thought on 160k car?
Less than 75k yr - I'll make ends meet to get what I want
6
5.13%
75k-125k
4
3.42%
125k-200k
17
14.53%
200k-300k
29
24.79%
300k+ - hell I'll by whatever I want
61
52.14%
Voters: 117. You may not vote on this poll
Car Cost vs. Income level
#31
09-17-2006, 11:35 PM
Originally Posted by WyattH
Amen. I wouldn't wear Reebok's and Lee Dungarees in my Lambo. Need that balance in your lifestyle of material posessions (house included). 
#32
09-17-2006, 11:39 PM
Originally Posted by iLLM3
Exactly!! We all have almost everything in common, the finer things, iw ouldnt expect anything less though since we love high end car's!
now, thanks for tuning me into this thread Ghost, dont know how i skipped or missed it. Well my turbo was paid for in full coming out of my M3 from a big hit too, other investments allowed me to play with the turbo and do some nice stuff without digging into income monthly or bank account. So as for this bracket, im fine. I want the Gallardo but it might be a little stretch, if i were to finance and pay 1400 a month i could do it with my 30-40k down, but i wouldnt be living comfortably honestly, well after my money towards a CAR (Bank account wise) was used up during the financing and then having to pay monthly through my income, dont think i could do it!
now, thanks for tuning me into this thread Ghost, dont know how i skipped or missed it. Well my turbo was paid for in full coming out of my M3 from a big hit too, other investments allowed me to play with the turbo and do some nice stuff without digging into income monthly or bank account. So as for this bracket, im fine. I want the Gallardo but it might be a little stretch, if i were to finance and pay 1400 a month i could do it with my 30-40k down, but i wouldnt be living comfortably honestly, well after my money towards a CAR (Bank account wise) was used up during the financing and then having to pay monthly through my income, dont think i could do it!
#33
09-17-2006, 11:42 PM
Originally Posted by PorscheC4
Good point man. dont stretch yourself so thin that all you have is a house and a car an not much money to do much else. what good would that be? how u gonna afford the take out the hot tail u get from driving a car like that or any of the nice P, F, and L cars as well as the other nice cars we all drive on this forum?
#34
09-18-2006, 05:18 AM
i would say, you should buy a car that costs aroudn 80-90% of your annual income, through a 5 year term lease. That way, you get a car that is decent, but you wont be living poorly after making car payments. This rule of course does not apply to people like Bill Gates, because he can buy 100 Veyrons and 100 McLaren F1s and 100 Pagani Zondas without hestitation
#35
09-18-2006, 07:56 AM
Registered User
Join Date: Jul 2005
Location: Baltimore Suburbs
Posts: 2,136
Rep Power: 109 
Personally ,I will not spend more than 1 month's income on a car.
Unfortunately my line of work is very unpredictable. One day I'm a genius and many days I cant tie my own shoes.
Unfortunately my line of work is very unpredictable. One day I'm a genius and many days I cant tie my own shoes.
Last edited by TraderHal; 09-18-2006 at 12:10 PM.
#36
09-18-2006, 11:06 AM
Join Date: Jun 2006
Location: DALLAS, TX
Posts: 723
Rep Power: 48
Originally Posted by TraderHal
Personally ,I will not spend more than 1 month's income on a car.
Unfortunately my line of work is very unpredictable. One day I'm a genious and many days I cant tie my own shoes.
Unfortunately my line of work is very unpredictable. One day I'm a genious and many days I cant tie my own shoes.
#37
09-18-2006, 11:24 AM
Its a matter of what your expenses vs income are. No one says you have to have the funds in the bank to be able to "afford" a car. Its all about how much income you have coming in. Assets you currently own have nothing to do with making finance/lease payments. However me being the smart guy I think I am will never buy any car except an exotic, as leases on them are crazy, the rest I lease them I would never sink my money into a depreciating asset dumb dumb move..If you finanace its easier to get out then if you lease so thats not a bad alternative. However the purchase of something such as a
430
Gallardo
CGT
ETC ETC
To me these are "I have a cashiers check" type purchases. JMHO
430
Gallardo
CGT
ETC ETC
To me these are "I have a cashiers check" type purchases. JMHO
#38
09-18-2006, 12:22 PM
I have a question, on a 150 K Gallardo with 30 K down what are my payments going to be around on a 5 year finance?
#41
09-18-2006, 03:19 PM
Originally Posted by 997Vancity
I have a question, on a 150 K Gallardo with 30 K down what are my payments going to be around on a 5 year finance?
#42
09-18-2006, 04:12 PM
10 years is a bit much isnt it?
I am more toward like 30 K down 2200 a month. Own in iono 4 or 5 years?
Is something like that possible?
I am more toward like 30 K down 2200 a month. Own in iono 4 or 5 years?
Is something like that possible?
#43
09-18-2006, 07:12 PM
Originally Posted by 997Vancity
10 years is a bit much isnt it?
I am more toward like 30 K down 2200 a month. Own in iono 4 or 5 years?
Is something like that possible?
I am more toward like 30 K down 2200 a month. Own in iono 4 or 5 years?
Is something like that possible?
#44
09-18-2006, 07:17 PM
Registered User
Join Date: Mar 2004
Location: Lovin' life away from here...
Age: 49
Posts: 4,262
Rep Power: 207 
I appreciate the members attempt to start a thread on this topic but the problem is that there are so many variables to consider for each person...some of it has to do with cash flow, net worth, etc but there is also a series of less calculated values such as a being a "risk averse" or "risk taker", oppotunity cost, etc...
#45
09-18-2006, 07:31 PM
Originally Posted by TUUNER
I appreciate the members attempt to start a thread on this topic but the problem is that there are so many variables to consider for each person...some of it has to do with cash flow, net worth, etc but there is also a series of less calculated values such as a being a "risk averse" or "risk taker", oppotunity cost, etc...