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SVTPerformance's Chain of Restaurants
Road Side Pub
The HotRod Price Speculation Thread
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<blockquote data-quote="Corbic" data-source="post: 16393252" data-attributes="member: 171475"><p>You are spending $112k one way or the other.</p><p></p><p>I didn't ASSume he had 96 month payment plan. $1,150 x 60 = $69,000</p><p></p><p>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?</p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>Again, all relative to your income and life style.</p></blockquote><p></p>
[QUOTE="Corbic, post: 16393252, member: 171475"] 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. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
The HotRod Price Speculation Thread
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