- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Jeremy Hill new ride
Posted on 6/23/14 at 9:02 pm to Mshargois3
Posted on 6/23/14 at 9:02 pm to Mshargois3
it's completely not uncommon to hear of a relatively new college grad earning, say, 50K a year, to buy a 25K car and finance it to pay for it over 5 years. Whether or not this is considered to be wise is besides point of my comment here. these kinds of younger adults assume they will still have a job in 3 years (or if they lose job, would be simple enough to quickly find another).
glimpsing over other responses here, it seems Mr. Hill will be earning $1,000,000 per year average over next 4 years (??).
if this is in fact the case, simple proportion suggest to match a boilerplate college grad, Mr. Hill would be buying a 500K car.
Given the purchase is a maserati priced at maybe 1/5th of that, its hard to fault him for being irresponsible.
the problem as I see it isnt that he bought a luxury car, its more that he is setting a standard in his quality of life that isnt realistic to expect throughout his life... yet.
if he is injured or doesnt perform well before a second, larger contract - this may be the last extremely nice car he ever has (at the young age of 22ish).
of course, he could have short lived NFL career and still go on to be enormously wealthy businessman.
point being, so what if the kid wants a luxury car.
glimpsing over other responses here, it seems Mr. Hill will be earning $1,000,000 per year average over next 4 years (??).
if this is in fact the case, simple proportion suggest to match a boilerplate college grad, Mr. Hill would be buying a 500K car.
Given the purchase is a maserati priced at maybe 1/5th of that, its hard to fault him for being irresponsible.
the problem as I see it isnt that he bought a luxury car, its more that he is setting a standard in his quality of life that isnt realistic to expect throughout his life... yet.
if he is injured or doesnt perform well before a second, larger contract - this may be the last extremely nice car he ever has (at the young age of 22ish).
of course, he could have short lived NFL career and still go on to be enormously wealthy businessman.
point being, so what if the kid wants a luxury car.
Posted on 6/23/14 at 9:06 pm to gerkin
quote:
it's completely not uncommon to hear of a relatively new college grad earning, say, 50K a year, to buy a 25K car and finance it to pay for it over 5 years. Whether or not this is considered to be wise is besides point of my comment here. these kinds of younger adults assume they will still have a job in 3 years (or if they lose job, would be simple enough to quickly find another).
Here's a common theme you will find among recent college grads.
The ones with new cars dont have student loans.
The ones with older cars are paying their car payment on student loans.
Popular
Back to top
Follow TigerDroppings for LSU Football News