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I make $70k/yr, can I afford any of these cars? [srs thread][10k+ for advice]
I make $70k/yr, can I afford any of these cars? [srs thread][10k+ for advice]
05-15-2016, 07:50 PM
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#1
- nn586
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I make $70k/yr, can I afford any of these cars? [srs thread][10k+ for advice]
No debt, all i have is my rent which is 600/mo and a car which i would sell privately for around $2,000-$2,500 (99, 73k miles drives great but want something newer). Savings is around 10k
2013 Dodge Charger R/T Max AWD - $22,995
http://www.cargurus.com/Cars/invento...ting=143631068
2010 BMW 5 Series Gran Turismo 550i - $22,995
http://www.cargurus.com/Cars/invento...ting=140600079
2014 Ford F-150 XLT SuperCrew 4WD - $23,995
http://www.cargurus.com/Cars/invento...ting=138035776
2013 Nissan Altima 2.5 SL - $14,659
http://www.cargurus.com/Cars/invento...ting=138279031
2014 Lincoln MKZ Base AWD - $22,995
http://www.cargurus.com/Cars/invento...ting=135041353
2013 Infiniti G37 xAWD - $18,995
http://www.cargurus.com/Cars/invento...ting=129705568
2013 Ford Fusion Titanium AWD - $18,299
http://www.cargurus.com/Cars/invento...ting=139626524
Really am looking for something under $25 that is has aesthetic interior and is comfortable/fun to drive
2013 Dodge Charger R/T Max AWD - $22,995
http://www.cargurus.com/Cars/invento...ting=143631068
2010 BMW 5 Series Gran Turismo 550i - $22,995
http://www.cargurus.com/Cars/invento...ting=140600079
2014 Ford F-150 XLT SuperCrew 4WD - $23,995
http://www.cargurus.com/Cars/invento...ting=138035776
2013 Nissan Altima 2.5 SL - $14,659
http://www.cargurus.com/Cars/invento...ting=138279031
2014 Lincoln MKZ Base AWD - $22,995
http://www.cargurus.com/Cars/invento...ting=135041353
2013 Infiniti G37 xAWD - $18,995
http://www.cargurus.com/Cars/invento...ting=129705568
2013 Ford Fusion Titanium AWD - $18,299
http://www.cargurus.com/Cars/invento...ting=139626524
Really am looking for something under $25 that is has aesthetic interior and is comfortable/fun to drive
05-15-2016, 07:51 PM
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#2
- TablesLadders
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it depends. What state do you live in?
05-15-2016, 07:52 PM
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#3
05-15-2016, 07:52 PM
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#4
- ClaudeGiroux
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How can you not know what you can or can't afford? How the **** is the misc supposed to know what you outgo is? Threads like these blow my mind. It isn't rocket science.
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05-15-2016, 07:54 PM
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- nn586
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Originally Posted By ClaudeGiroux⏩
Calm down kidHow can you not know what you can or can't afford? How the **** is the misc supposed to know what you outgo is? Threads like these blow my mind. It isn't rocket science.
05-15-2016, 07:56 PM
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- GnarlySheen
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Originally Posted By nn586⏩
Srsly tho, how do you not know? It blows my mind too. Its not rocket science.Calm down kid
05-15-2016, 07:57 PM
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Originally Posted By nn586⏩
How about you answer the questionsCalm down kid
also
more than you can afford, pal
ββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββ
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05-15-2016, 07:58 PM
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#8
05-15-2016, 07:59 PM
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#9
05-15-2016, 07:59 PM
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#10
- tmertz
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It's Michigan use your car money and throw it down on a town home and rent it out.
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05-15-2016, 08:01 PM
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#11
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just buy a beater and ding peoples doors for the LULZ
05-15-2016, 08:02 PM
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#12
05-15-2016, 08:03 PM
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#13
You should be able to afford any of those.
First thing's first. It's your money, do whatever makes you happy. There's only a few rules I'd look down on someone for.
1) Be putting a significant amount in your 401k, or in stocks/investments that you WON'T touch until retirement. You should have well over $1m by the time you reach retirement. That might sound like a lot but if you start saving young, it's not unrealistic at all. Compound interest will blow your mind. As long as you're in your early 20s or younger, you can do this by putting a simple $500/month away. That's not hard at all once you have a stable job with an actual salary. If your salary isn't good enough, build your LinkedIn and pursue a better job, demand at least $5-10k more in your next position during income negotiations by sounding confident. If you put $500 away for about 32 years that's about $1 million dollars at retirement. A 23 year old could have $1m at the age of 55.
If he changed that $500 to say about $750/mo that's another half a million at retirement. 55 is young to retire also. If you retire at 65 (like many people) you'd actually have $3.7 million.
Again, bottom line is start young and stick to a rule. If you're doing rule #1, read #2.
2) Have enough money to help a loved one when needed. If a parent in need or sibling falls on a hard time you should be able to help them somehow, including financially. Protect the people around you by being a sort of safety net.. even if you don't tell them or advertise that you'd help, know that you could.
If you're doing the above two, spend however the hell you want. As far as buying a car, just buy somewhat used, maybe $50-60k miles and you're golden. You could easily afford that payment.
First thing's first. It's your money, do whatever makes you happy. There's only a few rules I'd look down on someone for.
1) Be putting a significant amount in your 401k, or in stocks/investments that you WON'T touch until retirement. You should have well over $1m by the time you reach retirement. That might sound like a lot but if you start saving young, it's not unrealistic at all. Compound interest will blow your mind. As long as you're in your early 20s or younger, you can do this by putting a simple $500/month away. That's not hard at all once you have a stable job with an actual salary. If your salary isn't good enough, build your LinkedIn and pursue a better job, demand at least $5-10k more in your next position during income negotiations by sounding confident. If you put $500 away for about 32 years that's about $1 million dollars at retirement. A 23 year old could have $1m at the age of 55.
If he changed that $500 to say about $750/mo that's another half a million at retirement. 55 is young to retire also. If you retire at 65 (like many people) you'd actually have $3.7 million.
Again, bottom line is start young and stick to a rule. If you're doing rule #1, read #2.
2) Have enough money to help a loved one when needed. If a parent in need or sibling falls on a hard time you should be able to help them somehow, including financially. Protect the people around you by being a sort of safety net.. even if you don't tell them or advertise that you'd help, know that you could.
If you're doing the above two, spend however the hell you want. As far as buying a car, just buy somewhat used, maybe $50-60k miles and you're golden. You could easily afford that payment.
05-15-2016, 08:06 PM
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- brightbrah
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Out of all I'd probably get the Infiniti. You paying cash?
05-15-2016, 08:07 PM
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#15
- beastmodemike
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Well, I'm assuming you take home ~50k. I did a little mental math for living expenses and with your 10k buffer I'd assume youcouldafford any one of those, especially if you financed. Obviously the wise thing to do is opting for the low range choices, but it's all up to you in terms of how much you want to sacrifice in order to ride around in your ride of choice.
05-15-2016, 08:08 PM
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#16
- nn586
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Originally Posted By Hadtodoit⏩
I honestly don't think I'll live to be 50. SRSYou should be able to afford any of those.
First thing's first. It's your money, do whatever makes you happy. There's only a few rules I'd look down on someone for.
1) Be putting a significant amount in your 401k, or in stocks/investments that you WON'T touch until retirement. You should have well over $1m by the time you reach retirement. That might sound like a lot but if you start saving young, it's not unrealistic at all. Compound interest will blow your mind. As long as you're in your early 20s or younger, you can do this by putting a simple $500/month away. That's not hard at all once you have a stable job with an actual salary. If your salary isn't good enough, build your LinkedIn and pursue a better job, demand at least $5-10k more in your next position during income negotiations by sounding confident. If you put $500 away for about 32 years that's about $1 million dollars at retirement. A 23 year old could have $1m at the age of 55.
If he changed that $500 to say about $750/mo that's another half a million at retirement. 55 is young to retire also. If you retire at 65 (like many people) you'd actually have $3.7 million.
Again, bottom line is start young and stick to a rule. If you're doing rule #1, read #2.
2) Have enough money to help a loved one when needed. If a parent in need or sibling falls on a hard time you should be able to help them somehow, including financially. Protect the people around you by being a sort of safety net.. even if you don't tell them or advertise that you'd help, know that you could.
If you're doing the above two, spend however the hell you want. As far as buying a car, just buy somewhat used, maybe $50-60k miles and you're golden. You could easily afford that payment.
First thing's first. It's your money, do whatever makes you happy. There's only a few rules I'd look down on someone for.
1) Be putting a significant amount in your 401k, or in stocks/investments that you WON'T touch until retirement. You should have well over $1m by the time you reach retirement. That might sound like a lot but if you start saving young, it's not unrealistic at all. Compound interest will blow your mind. As long as you're in your early 20s or younger, you can do this by putting a simple $500/month away. That's not hard at all once you have a stable job with an actual salary. If your salary isn't good enough, build your LinkedIn and pursue a better job, demand at least $5-10k more in your next position during income negotiations by sounding confident. If you put $500 away for about 32 years that's about $1 million dollars at retirement. A 23 year old could have $1m at the age of 55.
If he changed that $500 to say about $750/mo that's another half a million at retirement. 55 is young to retire also. If you retire at 65 (like many people) you'd actually have $3.7 million.
Again, bottom line is start young and stick to a rule. If you're doing rule #1, read #2.
2) Have enough money to help a loved one when needed. If a parent in need or sibling falls on a hard time you should be able to help them somehow, including financially. Protect the people around you by being a sort of safety net.. even if you don't tell them or advertise that you'd help, know that you could.
If you're doing the above two, spend however the hell you want. As far as buying a car, just buy somewhat used, maybe $50-60k miles and you're golden. You could easily afford that payment.
05-15-2016, 08:18 PM
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#17
05-15-2016, 08:18 PM
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#18
05-15-2016, 08:22 PM
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#19
- nn586
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Originally Posted By Hadtodoit⏩
I could get diagnosed with cancer or something one day brah, you never know... Plus I did a lot of drinking in college (dont drink anymore)Is there any legitimate reason to think that?
05-15-2016, 08:24 PM
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- BennyJr169
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550i
Ξ£ B.A.P.F.L Ξ£
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05-15-2016, 08:27 PM
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#21
05-15-2016, 08:31 PM
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#22
05-15-2016, 08:32 PM
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#23
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I just got the 16' 4wd supercrew xlt.
fkn love it.
feel like a king among peasants when i drive around.
so i say, f150
fkn love it.
feel like a king among peasants when i drive around.
so i say, f150
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05-15-2016, 08:33 PM
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05-15-2016, 08:33 PM
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#25
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Before buying any of them, id do a lot better searching... That 2013 charger at 23k is ridiculous when you can get 2015's or 16s for 30 or under
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05-15-2016, 08:37 PM
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#26
- CurlBrah1234
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Rule of thumb is: Never spend more than 30% of your before tax income on a vehicle.
0.30 * 70,000 = 21,000
Any of those choices are within reason financially
So your fine bro. I'm impressed, this is the first thread where a miscer actually isn't trying to 'ball out' by buying a 2016 3 series they can't afford
edit: Nissan would be the 'smart' choice. But the 5 series would be hnng. All depends on how stable your income is and expected pay raises in the next few years.
edit edit: but why such a low savings? I make 25k a year and have near just as much srs
0.30 * 70,000 = 21,000
Any of those choices are within reason financially
So your fine bro. I'm impressed, this is the first thread where a miscer actually isn't trying to 'ball out' by buying a 2016 3 series they can't afford
edit: Nissan would be the 'smart' choice. But the 5 series would be hnng. All depends on how stable your income is and expected pay raises in the next few years.
edit edit: but why such a low savings? I make 25k a year and have near just as much srs
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05-15-2016, 08:39 PM
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#27
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Most miscers make like 20k and want 50k cars. Repped for not being a complete retard with money.
Once upon a time:
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Currently Washed up.
05-15-2016, 08:40 PM
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#28
- FunkymonkAW
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Originally Posted By CurlBrah1234⏩
That's the rule of thumb, really? 30% of gross or take home?Rule of thumb is: Never spend more than 30% of your before tax income on a vehicle.
0.30 * 70,000 = 21,000
Any of those choices are within reason financially
So your fine bro. I'm impressed, this is the first thread where a miscer actually isn't trying to 'ball out' by buying a 2016 3 series they can't afford
edit: Nissan would be the 'smart' choice. But the 5 series would be hnng. All depends on how stable your income is and expected pay raises in the next few years.
0.30 * 70,000 = 21,000
Any of those choices are within reason financially
So your fine bro. I'm impressed, this is the first thread where a miscer actually isn't trying to 'ball out' by buying a 2016 3 series they can't afford
edit: Nissan would be the 'smart' choice. But the 5 series would be hnng. All depends on how stable your income is and expected pay raises in the next few years.
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05-15-2016, 08:44 PM
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#29
- CurlBrah1234
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Originally Posted By FunkymonkAW⏩
Gross. Obviously a lot of people will spend much more on a vehicle. But from a pure financial investment standpoint, 30% is about as high as anyone should go for a depreciating asset.That's the rule of thumb, really? 30% of gross or take home?
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05-15-2016, 08:45 PM
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#30
Just make sure you're not on the list:
http://forum.obnoxiousbrutes.com/showth...post1442348471
The charger isn't bad...
http://forum.obnoxiousbrutes.com/showth...post1442348471
The charger isn't bad...
The Jerk store called, they're running out of you!
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