Salary to buy a new Z06
11-06-2007, 11:29 PM
#2
this is just a funny question cuz it varies for everyone.. everyone's expenses are different so it's very difficult to say. You have to determine your monthly expenses vs. income and go from there. Figure out how much you have to put down on the car, how much you'll be financing, and determine how much your payments will be.. if you can afford the payments and your current living conditions, you're good..
11-06-2007, 11:40 PM
#4
Launching!
Join Date: May 2007
Location: Karnes City, Texas
Posts: 258
Likes: 0
Received 0 Likes
on
0 Posts
I had thought about gettin' one, but why whenever I can have the same performance out of a GTO or something cheaper. I was soo close but couldn't afford the payment and insurance, so instead I got a '00 Firehawk. It's paid off, I live at home with my Dad and have no bills to pay except $28 a month for car insurance, $75 or so for my cell phone, and then some money for gas... All the extra cash is gonna go towards mods
!
! 
Trending Topics
11-06-2007, 11:45 PM
#8
Launching!
Join Date: May 2007
Location: Karnes City, Texas
Posts: 258
Likes: 0
Received 0 Likes
on
0 Posts
You get what I was trying to say. I didn't mean they have the exact same performance. An stock LS2 GTO would get killed by a stock Z06 Vette.. but with that extra money you save from buying the GTO instead of the Vette, you can always make that GTO a little faster.
11-06-2007, 11:53 PM
#10
TECH Resident
Thread Starter
Join Date: Nov 2002
Location: AustinTexas
Posts: 963
Likes: 0
Received 0 Likes
on
0 Posts
11-06-2007, 11:55 PM
#11
TECH Fanatic
Join Date: Nov 2001
Location: Houston
Posts: 1,876
Likes: 0
Received 0 Likes
on
0 Posts
11-06-2007, 11:56 PM
#12
Banned
iTrader: (1)
Join Date: Aug 2007
Location: Houston
Posts: 92
Likes: 0
Received 0 Likes
on
0 Posts
I did a quick calc for ya. They say you shouldn't exceed 20% of your net income for car payments, credit card payments, etc. so, assuming:
1) You don't have any other debts
2) Drive out price is 75k and you finance 100%
3) 72 month financing
Your looking about 100k plus salary. That is just a very rough calc, there are alot of other factors obviously..
1) You don't have any other debts
2) Drive out price is 75k and you finance 100%
3) 72 month financing
Your looking about 100k plus salary. That is just a very rough calc, there are alot of other factors obviously..
11-06-2007, 11:59 PM
#15
TECH Resident
Thread Starter
Join Date: Nov 2002
Location: AustinTexas
Posts: 963
Likes: 0
Received 0 Likes
on
0 Posts
I did a quick calc for ya. They say you shouldn't exceed 20% of your net income for car payments, credit card payments, etc. so, assuming:
1) You don't have any other debts
2) Drive out price is 75k and you finance 100%
3) 72 month financing
Your looking about 100k plus salary. That is just a very rough calc, there are alot of other factors obviously..
1) You don't have any other debts
2) Drive out price is 75k and you finance 100%
3) 72 month financing
Your looking about 100k plus salary. That is just a very rough calc, there are alot of other factors obviously..
yea, I appriciate it. Maybe one day I might get there!
