Curious.. Whats your income VS the cost of your car? Are you splurging? - Page 3

Whis · 12-28-2015, 04:23 PM

one thing you guys should not let people lecture you on is the "investment" part of buying a car. this car isn't a financial investment we are possibly looking to profit on in the future, such as a first house or something.

this is our passion. we WANT the car and most of us want to own(not lease) it and drive it for a very, very long time. it's pretty clear from the last thread bagging on the camaro price most people nowadays have the mindset of getting a car every 3-5 years then dumping it. i do not ever, ever plan to get into that game.

SPARTAN sui · 12-28-2015, 04:26 PM

Quote:

Originally Posted by BradfordCamaro

There is no difference.

I'm paying for a Vehicle now.
I'm just paying for a different one.

It will actually cost less to drive the 1SS as it gets better mileage than my Truck.

Quote:

Originally Posted by Techn9cian805

same, just adding an extra $115 to my monthly bill, small effect.

Ditto, my car payment per month will be going up around $130. However I'll be in a 2016 2SS versus a 2011 2LT. I'd rather trade out my 2LT now, get something I really want, and finish paying the new car off sooner than if I waited to pay off the 2LT.

Omar1 · 12-28-2015, 04:35 PM

Splurged. Seemed like the best time to do since I may or may not have a wife and kids 5 years from now.

Omar1 · 12-28-2015, 04:38 PM

Quote:

Originally Posted by Whis

one thing you guys should not let people lecture you on is the "investment" part of buying a car. this car isn't a financial investment we are possibly looking to profit on in the future, such as a first house or something.

this is our passion. we WANT the car and most of us want to own(not lease) it and drive it for a very, very long time. it's pretty clear from the last thread bagging on the camaro price most people nowadays have the mindset of getting a car every 3-5 years then dumping it. i do not ever, ever plan to get into that game.

This is me. This will be my baby that I plan on keeping as long as possible.

CA 2016 SS · 12-28-2015, 04:53 PM

Quote:

Originally Posted by Boilermaker128

Turning into a huge ego stroke...

FlightSoftware · 12-28-2015, 04:57 PM

heh.

ParkerAS · 12-28-2015, 05:07 PM

Quote:

Originally Posted by LesBaer

If you're talking about leasing, your residual value is a reflection of the cars depreciation...so you can't escape it lol! There's actually a good calculator out there or formula that you can use to plug into an Excel spreadsheet that will tell you if the lease deal is better than buying. You need to know the money factor and residual to use it.

I don't think that's what he's referencing. He's talking about instead of fronting the 45k, you finance it. This prevents you from instantly losing the cash that you can otherwise invest and make interest. Although, you'd have to get a better interest rate on your return than you pay in interest on the loan.

MrImSoFly · 12-28-2015, 05:34 PM

I make more than what my car cost. I think I am good.

MrImSoFly · 12-28-2015, 05:40 PM

Quote:

Originally Posted by Boilermaker128

Turning into a huge ego stroke...

Saw that coming from the thread title alone.

Boilermaker128 · 12-28-2015, 05:51 PM

So you came in to stroke fast.

pkssauce · 12-28-2015, 05:56 PM

Quote:

Originally Posted by Omar1

This is me. This will be my baby that I plan on keeping as long as possible.

Here too

Techn9cian805 · 12-28-2015, 06:00 PM

Quote:

Originally Posted by Omar1

This is me. This will be my baby that I plan on keeping as long as possible.

that's what I said when I got my 2014. I thought I would be happy enough with it, but after doing some hard driving in my neighbor's ss, I just felt I NEED a v8. so this next one should be my baby for a long time as well... unless I test drive a ZL1 or Z28 in the future

Captain Canada · 12-28-2015, 06:09 PM

20 yrs. old, live with my mom and brother, work 2 jobs and am currently financed over my head in a 2015 Jeep Rubicon soon to be financed over my head in a 2SS. Make 25-30K a year but my dad is a good co-signer.

PalmerGA · 12-28-2015, 06:17 PM

I paid cash. Haven't had a payment on my vehicles or house (or any other type of "loan") for almost ten years. Life is good!

12-28-2015, 04:35 PM	#31
Omar1 Drives: 2016 2SS Red Hot Join Date: Dec 2015 Location: Greater Los Angeles Posts: 176	Splurged. Seemed like the best time to do since I may or may not have a wife and kids 5 years from now. __________________ 2SS Red Hot 6 Speed, NPP, MRC, 5 sploke black low-gloss, glow-tie

12-28-2015, 04:57 PM	#34
FlightSoftware Drives: '95 Corvette, '06 Mustang, 2LT RS Join Date: Dec 2015 Location: Alabama Posts: 428	heh. Attached Images

12-28-2015, 06:17 PM	#42
PalmerGA Drives: 2013 SIM 1SS/RS L99 Join Date: May 2012 Location: Southwest GA Posts: 8,755 View My Garage	I paid cash. Haven't had a payment on my vehicles or house (or any other type of "loan") for almost ten years. Life is good! __________________ 2013 1SS/RS Coupe L99, Stainless Power Works LT Headers, SCT X4 Custom Tune from RDP, CAI Inc. Air Intake w/ Apex Scoop, VMAX CNC Ported Throttle Body, Solo Axle-Back Exhaust w/ J-pipes, Apex Catch Can, Husky Splash Guards, Heritage Grille, 3D Carbon Rear Spoiler, Oracle Chrome Turn Signal Bulbs, GM Reverse Light Trim Billets, Gorilla Black Locking Lugs, Emblem Pros Retro SS Badges/Custom Retro SS Kickplates/Under-hood Bowtie, 35% window Tint, Nitto Motivo Tires (6-8-18) Last edited by PalmerGA; 01-02-2016 at 05:23 AM.

12-28-2015, 04:23 PM	#29
Whis Drives: 2016 2SS Hyper Blue Join Date: Oct 2015 Location: Kansas, soon! Posts: 995	one thing you guys should not let people lecture you on is the "investment" part of buying a car. this car isn't a financial investment we are possibly looking to profit on in the future, such as a first house or something. this is our passion. we WANT the car and most of us want to own(not lease) it and drive it for a very, very long time. it's pretty clear from the last thread bagging on the camaro price most people nowadays have the mindset of getting a car every 3-5 years then dumping it. i do not ever, ever plan to get into that game.

12-28-2015, 05:34 PM	#36
MrImSoFly Drives: 2017 Hyper Blue 2SS Join Date: Jul 2015 Location: Chicago Posts: 317	I make more than what my car cost. I think I am good.

12-28-2015, 05:51 PM	#38
Boilermaker128 Drives: 2010 CobaltSSTC Join Date: Sep 2015 Location: Ontario Posts: 515	So you came in to stroke fast.

12-28-2015, 06:09 PM	#41
Captain Canada Drives: 15 Wrangler Rubicon, soon 16 2SS Join Date: Dec 2015 Location: Canada eh? Posts: 13	20 yrs. old, live with my mom and brother, work 2 jobs and am currently financed over my head in a 2015 Jeep Rubicon soon to be financed over my head in a 2SS. Make 25-30K a year but my dad is a good co-signer.

User Name		Remember Me?
Password