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1
Posted on 3/4/23 at 5:08 pm to X123F45
A/S/L?
Posted on 3/4/23 at 5:11 pm to BabyTac
frick you Irwin R. Schyster
Posted on 3/4/23 at 5:12 pm to Joehat
Grey.
In need of it.
Rocking my son to sleep, drinking ardbeg, shite posting.
In need of it.
Rocking my son to sleep, drinking ardbeg, shite posting.
Posted on 3/4/23 at 5:14 pm to BabyTac
120k
Paid 42k. 2019 gmc Sierra x31 fully loaded. I buy trucks used with about 20k miles on them
Buying new is a terrible investment. Got 10,500 on trade in an put 7k down. Financed 25k at 400 a month 5 years
I’ll probably pay it off early. Only has 52k miles on it now, so I’ll have it awhile and no truck notes before I get a new one. I don’t feel the need to constantly upgrade trucks as long as it is comfortable, doesn’t give me trouble and can pull my boats then I’m good.
Paid 42k. 2019 gmc Sierra x31 fully loaded. I buy trucks used with about 20k miles on them
Buying new is a terrible investment. Got 10,500 on trade in an put 7k down. Financed 25k at 400 a month 5 years
I’ll probably pay it off early. Only has 52k miles on it now, so I’ll have it awhile and no truck notes before I get a new one. I don’t feel the need to constantly upgrade trucks as long as it is comfortable, doesn’t give me trouble and can pull my boats then I’m good.
Posted on 3/4/23 at 5:17 pm to BabyTac
Please be more specific. Daily Driver? Weekender? Beater?
Posted on 3/4/23 at 5:17 pm to fallguy_1978
quote:
I made 400k I'd have no problem dropping roughly 100-125k on a vehicle
frick that. I’d rather buy something that holds value like land or a nice house. I’d waste money on a nice boat before I’d spend 100k for a truck
Posted on 3/4/23 at 5:18 pm to fallguy_1978
quote:
You can make a F150 100k. 400k is a lot of money. I'm OT poor in comparison. I probably wouldn't do it but I don't think it would alter my finances much to buy 100k Corvette making that much money
It isn’t nearly as much as it sounds. You’re paying 35-37% tax on half that. You’ll have a more expensive house than normal, which comes with more maintenance. $100k won’t make you go broke, but it is an excessive expense unless you’re going to keep it 10+ years, which few people do.
Posted on 3/4/23 at 5:22 pm to BabyTac
quote:
Would like to see variances to the answer to this.
Go!
Serious post:
-150k/yr
-500/mo on a 2 door, barebones Tacoma without even a key fob [bought before I moved from NY to Nashville near the height of the pandemic]
^List price was 32k--massive rip off but nothing I could do for the time period.
-Triumph Street Triple @ 200/mo.
Anyone in the market for a truck?
This post was edited on 3/4/23 at 5:31 pm
Posted on 3/4/23 at 5:38 pm to BabyTac
$35k
$100k Ford F850 extended extended some more Cab/350 month note.
$100k Ford F850 extended extended some more Cab/350 month note.
Posted on 3/4/23 at 5:38 pm to BabyTac
My chauffeur makes $400k and she drives me around.
Posted on 3/4/23 at 5:45 pm to BabyTac
90k per year with company providing work truck and free gas. Paid 35k for 2021 dodge ram. Payments are 500 per month.
Posted on 3/4/23 at 5:55 pm to BabyTac
36-24-36
Posted on 3/4/23 at 6:00 pm to BabyTac
Posted on 3/4/23 at 6:13 pm to BabyTac
I’m a teacher, so there’s that.
I paid 17k for my 2011 Silverado.
I paid 17k for my 2011 Silverado.
Posted on 3/4/23 at 6:17 pm to fallguy_1978
quote:Sounds about right for me, around 30% or maybe even 1/3 factoring in both my wife and I salaries.
My current vehicle cost about 28% of my annual income. A bit more at the time but I don't remember exactly what I made in 2017.
We have 1 nicer, more expensive car and 1 considerably cheaper that is 9 years old and paid off.
This post was edited on 3/4/23 at 7:17 pm
Posted on 3/4/23 at 6:19 pm to DiamondDog
quote:save 20-25% and monthly car payment is about 5% of monthly gross.
I'll give a serious answer. We have two new vehicles and our notes are 7% of our gross.
Never let your vehicle payment be more than 10% of your gross income or you start making tradeoffs with your savings for a depreciating asset.
This is assuming you want to save 20% of your income min.
Posted on 3/4/23 at 6:22 pm to DiamondDog
quote:His point is that it's not not remotely stretching thin to own a $120k car if you make $400k a year. Not even close.
People also finance trucks for 84 months like a bunch of dummies. What's your point?
Posted on 3/4/23 at 6:25 pm to fallguy_1978
quote:I could very easily manage a $100k car with little changes to monthly routine and I don't even make half of that
You can make a F150 100k. 400k is a lot of money. I'm OT poor in comparison. I probably wouldn't do it but I don't think it would alter my finances much to buy 100k Corvette making that much money
That being said I wouldn't actually buy a $100k car at my salary, but I absolutely could with zero concern about affording it.
Posted on 3/4/23 at 6:26 pm to BabyTac
quote:
BabyTac
Quite a few of these overcompensation threads…
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