Making $100K a year isnt anything special especially when you ower 5K on a 9 year old car

[HookersandIceCream]

http://www.thecoli.com/threads/maki...-special-as-most-make-it-seem-on-here.146545/

When I first moved to the DMV and was making 40k -50k, I thought making 100k would be awesome. And it was initally. I almost cried when I got a job taking me from 64k to 99k
The reason I've done well is because I have the same car and house I had when I was make 64k, 5 years ago. Learn to live below your means folks. Don't rush out and splurge when you get that money. Your lifestyle really doesn't upgrade until you've made good money for a good while. The people who really have it, have had it wisely for decades

:eeh: Not bad advice, seems pretty reasonable but wait theres more


http://www.thecoli.com/threads/shou...this-07-audi-a8l-4-2-w-sports-package.148487/

My car has 146k miles, still looks and drive great. No major problems. I owe 4600, theyre giving me 5 for it.

This A8 has 56k, fully loaded. Everything! Bose sound, Nav, Backup Cam etc. They 25k, AS-IS. They let me take it home tonight and I'm suppose to take it to the Audi Dealer tomorrow to get checked. No way I'm getting a appt that fast. They offer an Preferred Warranty for 60k mi for 3700$. If I finance with them my interest rate would be 2.9%.My payment would be in the 400s if I put down 3k.


If you making 99K, then why the fukk do you owe almost 5K on a 9 year old car?

 

[MikelArteta]

 

[MoneyTron]

6-7 year loan. Dude had get that payment down.

 

[The Bilingual Gringo]

 

[Amy Traphouse]

If he's quitting his job to take a year or so off and his savings is so fat, why not buy the car cash instead of toting another bill around?

Even dumber, he's getting rid of a car he owes 5k for one thats a year older instead of keeping it.

 

[Data-Hawk]

I knew this was coming. lol

 

[HookersandIceCream]

And of course
@Stuntone

 

[Chris.B]

Too early for the wolves to be eating

 

[MikelArteta]

Would only take two paychecks to pay off

If he's quitting his job to take a year or so off and his savings is so fat, why not buy the car cash instead of toting another bill around?

Even dumber, he's getting rid of a car he owes 5k for one thats a year older instead of keeping it.

 

[TLR Is Mental Poison]

Cars are expensive brehs. In 2003 I bought a 10 year old Accord for 2200. Today a 10 year old Accord is like 6000. I just bought an old 350Z for 10K. 9 years old. Paid cash doe

 

[HookersandIceCream]

Would only take two paychecks to pay off

But if you pay it off you will be living like you make 50K

 

[MoneyTron]

Cars are expensive brehs. In 2003 I bought a 10 year old Accord for 2200. Today a 10 year old Accord is like 6000. I just bought an old 350Z for 10K. 9 years old. Paid cash doe

You do know about inflation and CPI don't you? Can't compare 2003 money to 2013 money.

 

[Amy Traphouse]

Would only take two paychecks to pay off

 

[TLR Is Mental Poison]

You do know about inflation and CPI don't you? Can't compare 2003 money to 2013 money.

After inflation, that 2200 in 2003 is 2800 today. New Accord is still 2x as expensive.

Used car game is changed breh. Recession took like 15 million cars off of the road, either through sales that didn't happen or Cash For Clunkers. Plus people are holding onto cars longer, and cars last longer/are built better. So financing a 9 yr old car is not THAT bad of an idea, if you get a good rate, and do your due diligence in picking the car.

 

[MikelArteta]

That cert game.

But if you pay it off you will be living like you make 50K