mike that was my point. i wouldnt be seeking out an nsx for 996 money even though the looks of them have grown on me lately.
i was just saying that im considering a downgrade since i dont spend much time on 4 wheels out here.
i feel like this thread is all mucked up. im sorry for the de-rail.
I hear ya, I just think its a funny video my friend showed me.
For me when it comes to sports cars I’m more into it being at least fast in a straight line, I’m not saying the NSX is slow but I enjoy being pushed back in the seat when I hit the gas. It’s less boring for me compared to some of the cars that are super sweet for track days or auto cross but then are boring because you can’t use their capabilities on most roads. I’m mainly talking about miatas, brz, s2000 etc.
Its ok let the de-rail happen, we’re talking about cars for once on this forum lol
This.
You’re delusional if you think that’s enough for “everything else”.
Sounds about right Choochie.
That $1,420 was after the car payment and the 2k mortgage, which if you have a mortgage that large then yeah you shouldn’t do the lambo.
Without kids and a drug addiction I think $1,420 is plenty of money left since the 2 largest bills have been paid, and all my numbers were estimates, high estimate on the mortgage and on the taxes.
Thats not leaving much left for maintenance though, so save 20k first, don’t put it as a down payment, use it for maintenance. Then save each income tax return for maintenance and what not as well. Then when it’s paid off you don’t have the payment and now can use that money for maintenance.
It’s odd that you have all this figured out and everyone else in your situation isn’t driving around in high end cars…
You also never took any money out for 401k/retirement, savings, health insurance, maintenance on your house, you never eat food out?, ever take a vacation, ever do anything that costs money?, clothes?, etc
964 seem to be much more expensive than 930s, I passed on a couple great SCs this spring, that were priced right…
On point.
I’ve considered indulging in a higher end car but I think I’d rather keep throwing coin at muscle car things and not having a payment / investing.
The pizza boy rolled up to my house in a Jag S-Type last night, so I’m sure anyone making decent money can afford a Lambo.
My situation isn’t 100k a year. It depends on the persons life style, and a ton of other factors. You’re right it’s probably a dumb idea having that high of a car payment making 100k a year.
But if someone making 100k a year is worried about retiring, as in the don’t already have a 401k or something figured out then I better save every penny I make since I’ll probably never make that much a year in my lifetime.
Ever since Fast & Furious pizza boys have been stepping up their car game so they don’t have to worry about closed off streets.
I’ll stick with my $3,000 Miata.
It’s called growing up.
This dude has it all figured out. Quit bringing him down. I can’t wait to see his Lamebo.
A high mileage Italian supercar financed for 60 months with payments taking up just under a 3rd of your monthly net income? What could go wrong? Looking at the numbers I don’t understand why we aren’t all driving Lambos and Ferraris.
Do you not understand the concept of putting money in savings? If you’re making $100k, I would sure hope that you’re putting away AT LEAST $1k/month into your savings. Then that leaves a measly $400 for food, going out, activities other than waxing your garage queen, etc… I mean, one saturday night with the wife and friends for drinks and dinner is like $200 at least.
Man, this mentality of yours is EXACTLY why so many people in the country are riddled with debt. Stop focusing on financing stuff and manipulating your monthly payments and start focusing on savings and generating wealth.
Thread derail!
Buying things with cash instead of financing? No fucking way. That isn’t American at all.
I guess everyone on here makes 100k a year but is broke!
I just don’t think its that far out of reach, maybe 125k or 150k should be able to afford it, or do people making that much money waste a lot of it.
I totally see where you are coming from with all of this.
But damn the maintenance of some higher end cars is outrageous, where something as simple as new pads and rotors all around is like 1500-2k or even much more if you did it yourself. A quick look shows a set of carbon ceramic rotors for a v8 R8 is 8500$… Just for front rotors!! If the car had just steel brakes, those rotors are 800-1000 depending on the year.
Extreme example but if you got a r8 with ceramic brakes at a killer price, the year it needed all 4 replaced is almost 17000 for just rotors and another 600 for pads. If you’re making 100k and assuming you do the work yourself, that is 17.6% of your yearly pretax income for a brake job. That is a lot of coin.
I’m sure tons of people could afford the monthly payment. But it’s the everything else that will murder your wallet.
I’m sure a lot of it is most people who buy $80k+ cars don’t live in houses that cost less than the car.
Between 401k,IRA,Brokerage,additional principal on mortgage I save about 35-40% of what I earn. I would assume many in the income range you are talking about have similar habits. So it isn’t that they “waste” it is simply not the priority although I do spend a lot of my “discretionary” funds on cars not everyone has that same level of interest. So you are right in that many could afford it on that salary range it simply comes down to lifestyle choices and priorities. I don’t necessarily think spending on say a Lambo is a bad choice for anyone just for MOST it doesn’t hit that level of priority over say you childrens education, a bigger home, vacations, etc etc.