12-28-2015, 02:16 PM | #1 |
Drives: 4 wheels Join Date: Dec 2009
Location: Earth
Posts: 1,351
|
Curious.. Whats your income VS the cost of your car? Are you splurging?
Just curious to see what others are spending VS their income.. I'm pushing my boundaries a bit, but now is th time for me to do it, if I'm ever going to do it. I make a very comfortable living, but I know this is 100% a luxury.
Anyone care to share? for me, 40k or so car. Income is about 100,000-120,000k pre taxes. (Sales) |
12-28-2015, 02:28 PM | #2 |
Drives: '95 Corvette, '06 Mustang, 2LT RS Join Date: Dec 2015
Location: Alabama
Posts: 428
|
I suppose this is a splurge, in the sense that if I just needed transport, I could get by way cheaper. What has been getting interesting reactions from various sales people is that I'm not financing. I actually saved up the money first.
The car is less than half a year's gross. The airplane, otoh,.... |
12-28-2015, 02:33 PM | #3 |
FMPG
Drives: 2016 2SS Join Date: Dec 2015
Location: CT
Posts: 1,888
|
I could buy a few of them with available cash if I wanted to, but would rather finance since there's no prepayment penalty, the rates are good, and it helps your credit.
You should really be looking at your obligations and what you're able to save instead of what you make to decide if you can afford it. There's no way to justify this type of purchase unless you still able to meet your obligations - which should include saving money |
12-28-2015, 02:37 PM | #4 |
Red
Drives: 2018 Mosaic Black 2ss M6 Join Date: May 2012
Location: Southwest Virginia
Posts: 632
|
Mine will most deff be a splurge. More so if I wasn't saving to pay a big chunk down. My area has really suffered economically the past 8 years. I could move and easily be better off fiscally. I'd rather struggle a bit and be able to watch after my father who is in poor health. Family first. I'l get my order in for MY 17 and if worst comes to worst I'l be able to pay the payment by working at mcdonalds.
__________________
2018 Mosaic Black 2ss M6
Stock. For now... |
12-28-2015, 02:38 PM | #5 |
Drives: '95 Corvette, '06 Mustang, 2LT RS Join Date: Dec 2015
Location: Alabama
Posts: 428
|
Les, I thought about financing, but I couldn't find a better return on cash equiv than just paying for it outright. Even if it was zero %, I (personally) like looking at it and knowing that I'm only paying the state for the privilege of owning it rather than a bank.
Also, owning it lets me dictate insurance amounts and types. My credit union has no say. |
12-28-2015, 02:41 PM | #6 |
Drives: 2017 SS 1LE, 2017 Volt, 2013 Pilot Join Date: May 2014
Location: Colorado
Posts: 4,274
|
__________________
2017 SS 1LE | HBM | Vortech V3-Si supercharger (620RWHP and 575ft lbs) | PDR | Black Bowties | Illuminated Front Black Bowtie | Illuminated Door Sills | Smoked Tails | vented seats mod
|
12-28-2015, 02:53 PM | #7 | |
Drives: 2016 2SS, Summit White, A8, NPP Join Date: Apr 2013
Location: Arkansas
Posts: 717
|
Quote:
|
|
12-28-2015, 02:54 PM | #8 | |
FMPG
Drives: 2016 2SS Join Date: Dec 2015
Location: CT
Posts: 1,888
|
Quote:
That's a good point to consider on the insurance, but I don't think I'm going to go cheap on it during the first two years. I'd probably pay off my car within the first year unless I decide to send it to Callaway for something crazy lol. |
|
12-28-2015, 02:57 PM | #9 |
FMPG
Drives: 2016 2SS Join Date: Dec 2015
Location: CT
Posts: 1,888
|
|
12-28-2015, 02:58 PM | #10 |
Drives: Waiting on my 2016 Camaro 2SS Join Date: Dec 2015
Location: North Carolina
Posts: 497
|
Damn, I must be in the minority. I'm a teacher. Cost more than my yearly salary in North Carolina.
|
12-28-2015, 03:00 PM | #11 |
Sales Manager for Chevy
Drives: Tahoe RST Join Date: Mar 2009
Location: DFW, Texas
Posts: 1,313
|
Teacher/coach here. Car was 45k after the teacher discount and I make a few grand less. I live a very simple life, with very few other expenses.
__________________
2016 2SS Nightfall Grey Metallic, Adrenaline Red interior, auto, NPP, MRC, and Nav.
Killed 06/23/2016 #2 2016 Red Hot 2SS, A8, NPP, MRC, Nav, and Sunroof. VIN #115750 |
12-28-2015, 03:07 PM | #12 | |
Drives: Waiting on my 2016 Camaro 2SS Join Date: Dec 2015
Location: North Carolina
Posts: 497
|
Quote:
|
|
12-28-2015, 03:16 PM | #13 |
Sales Manager for Chevy
Drives: Tahoe RST Join Date: Mar 2009
Location: DFW, Texas
Posts: 1,313
|
Single guy here. Only person I ask if it's ok with, is my dog haha.
__________________
2016 2SS Nightfall Grey Metallic, Adrenaline Red interior, auto, NPP, MRC, and Nav.
Killed 06/23/2016 #2 2016 Red Hot 2SS, A8, NPP, MRC, Nav, and Sunroof. VIN #115750 |
12-28-2015, 03:21 PM | #14 |
Drives: 2016 Hyper Blue 1SS Join Date: Jul 2015
Location: hampton roads
Posts: 2,763
|
__________________
1ss/Auto-Hyper Blue
acs carbon flash spoiler, bmr springs, gm clear tails. Texas speed cam, 223/227 .635/.635 116 LSA, Kooks Long Tube Headers with green cats, MSD Atomic Air Force Intake, CAI Cold Air Intake, QTP cutouts. 503 hp Best so far 11.5 at 123 with a 1.83 60ft. BMR lower and upper trailing arms and upper control arms,E85 DELIVERED 12/29/15 http://youtube.com/bybcous " no talking only racing on my youtube" |
|
|
Post Reply
|
|
|