OperationNumbNutts
Superstar
I posted already but I changed my mind. If someone is buying a $75k car and need to make payments, it'll be a dumb purchase.
How much do you need to be EARNING to Buy a $75,000 Vehicle?
- Thread starter Stuntone
- Start date
Kenyan West
lazy fba philly nikka,
5 bands a week
No it doesn't have to be a house
It's ok to not have a house. If you can afford a car (purchase + maintenance) while meeting your other present/future financial obligations, and you want a car, then buy a car.
Y’all are some scary mfs talking about 150k 200k
If you can buy then buy it
Seriously tho the most important thing to a man’s independence is his whip game. Get the best shyt you can buy then run it up again
I hope this is a troll post
Yep. Why tie down $100k in a depreciating asset off rip, when you can make payments over time while having that capital available to invest or save or handle an emergency? Especially if you have great credit, the interest rates will be low enough.
Minimum $150k and that’s if you keep your overhead low and live with your momsHow much is a $75000 car note?
I love cars. Love riding fly. I'm almost in the market to get a new whip. I'm really not trying to spend more than 50k. But all the super fly cars are around 75. I really want a Audi A7. or an SUV like an Escalade or Range Rover with a great warranty. I make good money but 1000$ monthly note to me is crazy.
Back in Louisiana, the say is don't spend a lot of money on a vehicle unless you can making money with it. Like hotshotting or towing.
What yall think?
SleezyBigSlim
Banned
You dont have to live in that house silly. Rent it out. Real Estate is the basis of wealth and the rich guys who prefer to rent are landlords owning real estate you best believe.No it doesn't have to be a house
It's ok to not have a house. If you can afford a car (purchase + maintenance) while meeting your other present/future financial obligations, and you want a car, then buy a car.
JoseLuisGotcha
Aka Allhiphopsux
This is weird happens to see an IG reel breaking this down for a $70k Range Rover
They said it the payments should be like 10% of monthly expenses and said $175-178k or something like that
They said it the payments should be like 10% of monthly expenses and said $175-178k or something like that
I’m riding around and I’m gettin it. It’s mine, I spend it
I hope this is a troll post
This is the dumbest shyt I ever heard
THERE IS SOME TRUTH TO IT. THE WHOLE ORIGIN OF THAT COME FROM THE NOTION THAT FINANCING IS BETTER THAN PAYING CASH FOR IT.
THE MONEY COMPOUNDS FASTER THAN THE INTEREST ON THE LOAN. BUT THAT ONLY WORKS IF YOU NEVER TOUCH THE MONEY.
ESSENTIALLY, YOU ONLY BUY WHAT YOU HAVE TIED UP IN INVESTMENTS THAT OUTPACE THE PURCHASE.
DON'T BUY A 75K CAR UNLESS YOU HAVE 75K TIED UP IN AN INVESTMENT THAT YIELDS A HIGHER RETURN THAN THE APR ON THE LOAN. YOU HAVE THE ABILITY TO PURCHASE IT TWICE AT THAT POINT.
How much should someone making 40k spend on a car then?
SleezyBigSlim
Banned
Financing is never better then cash unless its real estate.
No dummy. You don't have to be a landlord either.
Real estate is one way to wealth. But it's not the most common way to wealth. Neither is it the fastest. Stop fetishizing real estate in a fukking car thread, there are many hotep finance threads you can preach your sermon in.