There is a difference between being able to afford the payment and being able to afford the car.$1, 100/m for a $100k car is not a massive payment.
There is a difference between being able to afford the payment and being able to afford the car.$1, 100/m for a $100k car is not a massive payment.
$1, 100/m for a $100k car is not a massive payment.
$1, 100/m for a $100k car is not a massive payment.
Just posted on YT
$1,175 × 96 =$112,800
Thats a lot of money to me. That is a massive car payment. But then again SVTP ballers lol.
My Super Duty was $905.20/Month for 60 months. Looking back, that was incredibly stupid. Never doing that again.
$1, 100/m for a $100k car is not a massive payment.
Ok Dave Ramsey. Please tell us what a massive car payment would be in “current year”.
I’ll excitedly wait for your response.
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Exactly. He did NOT pay cash for the car and as you note, has a massive payment.
Now he’s trying to sell it for $100k. Good luck!
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You are spending $112k one way or the other.Ok Dave Ramsey. Please tell us what a massive car payment would be in “current year”.
I’ll excitedly wait for your response.
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Sweet Cheeks probably has you on ignore. She hates being called out on her nonsense and needs to get back on the corner making my damn money instead of being on here an disrespecting yall. He cant even afford to fix his terminator let alone pay for a new GT500.
You are spending $112k one way or the other.
I didn't ASSume he had 96 month payment plan. $1,150 x 60 = $69,000
Are you saying the only way to buy a $100k car is in cash? If you had $100k cash (last year) wouldn't it make more sense to invest that for a 12-20% return and take out a 2.3% loan for the car?
With inflation, $1,150 in 5 years will be roughly $1,000. So your payment is getting "less" each month. Hopefully your also increasing your salary.
So if they guy is making $150k, that should be $90k net after 401k, taxes, healthcare, which is $7,500/m. Even if his rent is $3k/m, another $1k for bills/utilities, cell = $4k + $1,150 = $5,150, you still got +$2k to pocket.
Again, all relative to your income and life style.
Corbic,
What your wrote makes sense.
The guy in the video clearly has his mind made up to become an influencer, so maybe the car is "a business expense". Which then you have the potential issue of amortization for his business to contend with. Yikes, if he bought it in 2019, amortized it (started) on his 2019 taxes,.......oh no I just went cross eyed.
E
Shouldn't you be trying to find a job instead of trolling right now?
How is highlighting $1,150/m on a $112,000 car is not "massive"... "disrespecting ya'll". (rhetorical question, no answer needed)
Someone sounds like a jealous insecure bitch that needs to flap his fingers all over the forums acting like a tough twat.
A "massive" payment would be something like $2,131/m for 72m at 11% for a $112k GT500, toss in spending $20k in mods on a credit car with 0% interest for 12/m and 19.7% after that...
All the while your net income is $4k/m...
Being able to write off a car doesn't mean much if you can't make the payments on it.
Agreed.Being able to write off a car doesn't mean much if you can't make the payments on it.
Agreed.I got plenty of applications going out on a daily basis, but thanks for asking. 1200$ a month is a ridiculous payment for a car that is going to be worth half before its paid off especially when you have especially leveraged yourself against the wall.
Numbnuts obviously cant pay it otherwise he wouldn’t be trying to offload it at an inflated price because he isn’t going to make it as an “influencer”. Anyone with half a brain knows before embarking on an endeavor such as that you better have something to back it up because the market for “influencing” is volatile and not not stable. Im betting we will be seeing plenty more put their toys up because shit happened and they had no backup