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Posted on 6/3/25 at 8:43 pm to SPEEDY
He's got a paid off car. Not a ton of people his age have that. Now he can rent a pretty decent apartment and live off of the rest plus what he has leftover from his college days for the next year.
Posted on 6/3/25 at 8:55 pm to BatonrougeCajun
quote:
23 year olds do dumb shite with money
Not all of us!
I bought a used truck cash while in college and drove it for roughly 10 years after graduation.
Posted on 6/3/25 at 9:13 pm to NIH
quote:
You can be a high white collar earner for 30-40 years. Most NFL players are lucky to make 5 years
You can also sell your car if your income slams down to zero overnight
Posted on 6/3/25 at 9:19 pm to SPEEDY
Honestly think about how many Denali 2500s and king Rand fords you see on the road…those trucks depending on the packages are 80k-100k new now. You put that into perspective with the average salary of what MOST who own them being between 80-150k then it’s really not that different. Now I understand a 2500 truck is much more practical then a Ferrari.
Posted on 6/3/25 at 9:23 pm to Forever
I started paying soc sec tax in 1966 and started drawing out in 2018. A career lasts a long time. That Urus won't mean much in 2075, in fact it won't mean much in 5 years. It might give a buzz for 5 months and that's about it.
Posted on 6/3/25 at 9:24 pm to Dylan
Relative to his income, this is actually a more reasonable financial decision than many, many, many other people make.
Posted on 6/3/25 at 9:46 pm to BatonrougeCajun
This website has two really strange things about it.
1) the fact that most fans hate all our coaches and our athletic director
2) this idea that 19-24 year olds make smart financial decisions.
Let him celebrate his contract..,
1) the fact that most fans hate all our coaches and our athletic director
2) this idea that 19-24 year olds make smart financial decisions.
Let him celebrate his contract..,
Posted on 6/3/25 at 10:00 pm to SPEEDY
He will look back on that purchase with regret.
Posted on 6/3/25 at 10:26 pm to SPEEDY
Like clockwork
Posted on 6/4/25 at 1:05 am to SPEEDY
Step 1 accomplished. Next is to drive really fast while drunk or high, and endanger people and cars on the streets!
Posted on 6/4/25 at 3:54 am to JimTiger72
quote:
Like he didn’t already get paid millions by LSU
He mightve gotten a mil. And it's not like he saved it all.
Will campbell wasn't even getting a mil.
Posted on 6/4/25 at 4:43 am to chity
quote:you should see what they talked him out of
thought the NFL had financial counselors to help these players make better financial decisions.
He damn near had a lion and a herd of gophers.
Posted on 6/4/25 at 7:40 am to SPEEDY
He’s living with mom and dad.
Posted on 6/4/25 at 7:45 am to SPEEDY
Plenty of people out there "buying" $70,000 vehicles on an annual salary of $50,000.
As long as he actually makes the team and doesn't make any other crazy expensive purchases, he'll be fine. Plus, as has been stated, this doesn't take in to account any money he's already earned at LSU.
As long as he actually makes the team and doesn't make any other crazy expensive purchases, he'll be fine. Plus, as has been stated, this doesn't take in to account any money he's already earned at LSU.
Posted on 6/4/25 at 7:51 am to SPEEDY
My neighbor drives lambos and other cars like that. He claims they hold their value unlike normal cars that depreciate quickly.
Posted on 6/4/25 at 8:05 am to SPEEDY
Y’all are looking at this all wrong.
With tariffs the value is about to sky rocket! Or at least that’s what the Lambo car salesman told me
With tariffs the value is about to sky rocket! Or at least that’s what the Lambo car salesman told me
Posted on 6/4/25 at 8:11 am to DiamondDog
quote:
I feel like a rule is to own a luxury sports car you're required to talk to someone that currently owns one that isn't a jillionaire.
The cost of routine maintenance can be eye popping.
This is what gets a lot of young dumb folks who dont understand what it takes to maintain a luxury (European) vehicle. It's not as cheap as your first Honda/Toyota/American you had.
Years ago when we were buying my wife's MDX at a used dealer, next to us was a 22 year old about to graduate from college kid (had a job lined up and all) who was buying a $27k Maserati with like 80k miles on it thinking he was getting a great deal and was going to look baller, etc...
The first time he took that in for maintenance I wish I could have been there. On top of that his interest rate was like 12% since he didnt have good credit, but hey the payments were "only" like $600/mo (of course he had almost nothing down).
This post was edited on 6/4/25 at 8:14 am
Posted on 6/4/25 at 8:14 am to EvrybodysAllAmerican
quote:
My neighbor drives lambos and other cars like that. He claims they hold their value unlike normal cars that depreciate quickly.
Most of them do not, not at all. Some will hold their value a little BETTER than a typical vehicle but they still depreciate.
A Urus expects to depreciate about 14% in the first 3 years which is really good, thats still over $30k of depreciation though on a $220k+ vehicle. After 5 years it loses about 33% of its value, again pretty good compared to most cars but thats still over $75k on a $220k+ vehicle.
You are still losing a ton of money driving a Lambo. This isnt taking into account maintenance costs which will probably be 4 digit oil changes and the such.
This post was edited on 6/4/25 at 8:23 am
Posted on 6/4/25 at 8:18 am to thunderbird1100
quote:
My neighbor drives lambos and other cars like that. He claims they hold their value unlike normal cars that depreciate quickly.
Most of them do not, not at all.
they do not
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