# Am I a moron if I do this \*Finacial Guys Get in Here\*

**URL:** <https://forums.speedlife.net/t/am-i-a-moron-if-i-do-this-finacial-guys-get-in-here/31275>\
**Category:** NYSpeed Automotive\
**Created:** [June 21, 2007, 1:34pm UTC](https://forums.speedlife.net/t/am-i-a-moron-if-i-do-this-finacial-guys-get-in-here/31275 "2007-06-21T13:34:35Z")\
**Posts on this page:** 1\
**Showing post:** 26

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**Author:** ![TurboTSi](https://avatars.discourse-cdn.com/v4/letter/t/22d042/32.png) [@TurboTSi](https://forums.speedlife.net/u/TurboTSi)\
**Post date:** [June 21, 2007, 2:31pm UTC](https://forums.speedlife.net/t/am-i-a-moron-if-i-do-this-finacial-guys-get-in-here/31275/26 "2007-06-21T14:31:43Z")

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[quote=“Nikuk,post:23,topic:31275"”]

(34,900 \* .8 = 27,900) @ 4.9% SI over 5 yrs = **$31,512 total note** , and of course 34,900 \* 0.0875 = **$3,053 sales tax**

Edu Loans 20k @ 3.0% SI over 30yrs = **$30,355 total note**

Applying Loti pmt $625 (loan & ins ~$100/mo) to edu loans: **$20,766 total note** & a 3.5yr payoff.

WHILE ALSO putting that $7k down payment into an online svgs acct for 3 yrs @ 5.05 (monthly compounding) = **$8142 cash asset**

Paying off edu loans with toy money = **$20,764 in your pocket after three years**.

Not counting many other variables such as MPG, maitenance, SUV DD vs. Elise DD, track days, etc.

**Cliffs: Not buying this elise will be equivalent to a $3.32 per hour raise.**

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:tup: winner

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