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Financial question: Brand new 2004 WRX STi

Nocturnal

Nocturnal

Lifer
Ok, so I don't have the funds for it, nor do I want to take out a loan for it but, what kind of money would I need to be making in order for me to be able to pay off about a $300-400 monthly car loan, $300.00 insurance premium for four months, and having money left over for rent, groceries and the like?

Do I need to be making at least $20.00 an hour in order for me to acheive this goal?
 
How hard is it for you to take out a calculator and do it yourself?
rolleye.gif
 
how do you plan on getting it down to $300-$400 per month? How much are you going to put down/trade in? Since a $30000 car(ignoring all options/dealer markup) at 4.9%(unlikely in 2004), for 6 years with $5000 down is $505 a month
 
Originally posted by: Angrymarshmello
How hard is it for you to take out a calculator and do it yourself?
rolleye.gif
Click to expand...

Let's not even go there, I could type paragraphs.

$20/hr x 40 hrs x 52 weeks = $41,600

I'm assuming you have very little or no cc debt, so yes if you had a FULL TIME $20/hr job for at least 1-2 years you could prob afford this car.

Keep day dreaming.
 
Originally posted by: RossMAN
Originally posted by: Angrymarshmello
How hard is it for you to take out a calculator and do it yourself?
rolleye.gif
Click to expand...

Let's not even go there, I could type paragraphs.

$20/hr x 40 hrs x 52 weeks = $41,600

I'm assuming you have very little or no cc debt, so yes if you had a FULL TIME $20/hr job for at least 1-2 years you could prob afford this car.

Keep day dreaming.
Click to expand...

He could afford it but not to put gas in it or food in his stomach.
I make $17/hr and am barely making ends meet with $700rent/electric, $450 car payment, $90 a month in insurance, and food and gas, and occasionally going out on the town.

 
Originally posted by: JeffreyLebowski
Originally posted by: RossMAN
Originally posted by: Angrymarshmello
How hard is it for you to take out a calculator and do it yourself?
rolleye.gif
Click to expand...

Let's not even go there, I could type paragraphs.

$20/hr x 40 hrs x 52 weeks = $41,600

I'm assuming you have very little or no cc debt, so yes if you had a FULL TIME $20/hr job for at least 1-2 years you could prob afford this car.

Keep day dreaming.
Click to expand...

He could afford it but not to put gas in it or food in his stomach.
I make $17/hr and am barely making ends meet with $700rent/electric, $450 car payment, $90 a month in insurance, and food and gas, and occasionally going out on the town.
Click to expand...

yo upay $450 a month for a sentra? That is absolutely insane. I dont like paying my $125 payment.
 
Originally posted by: RossMAN
Originally posted by: Angrymarshmello
How hard is it for you to take out a calculator and do it yourself?
rolleye.gif
Click to expand...

Let's not even go there, I could type paragraphs.

$20/hr x 40 hrs x 52 weeks = $41,600

I'm assuming you have very little or no cc debt, so yes if you had a FULL TIME $20/hr job for at least 1-2 years you could prob afford this car.

Keep day dreaming.
Click to expand...

LOL@Keep day dreaming. I would love to fight you in a mixed martial arts match one day. That would so rock my world. Every thought about figthing MMA?
 
Honestly, I don't think that the car is worth it. I saw one at the NY auto show, and it just looks like a regular WRX with fancy sport seats and a big supercharger.

You could save a few grand by getting a Mitsubishi Lancer Evolution, and you wouldn't lose much in the deal.
 
Originally posted by: Nocturnal
Ok, so I don't have the funds for it, nor do I want to take out a loan for it but, what kind of money would I need to be making in order for me to be able to pay off about a $300-400 monthly car loan, $300.00 insurance premium for four months, and having money left over for rent, groceries and the like?

Do I need to be making at least $20.00 an hour in order for me to acheive this goal?
Click to expand...


I want to know what tax free world you live in. 😛

Why not a standard wrx? You can get them for invoice and you'll save almost ten thousand.
 
What's funny is you'll spend two years of your life working for it, and in five years, it'll be worth nothing, and you'll be pissed.

Live within your means.
 
What I want to know is, how are you going to achieve paying only $900 per year to insure such a high performance car? I have to think it would run much higher.
 
Originally posted by: Don_Vito
What I want to know is, how are you going to achieve paying only $900 per year to insure such a high performance car? I have to think it would run much higher.
Click to expand...

$300 x 4 months = $1200 / year 😉

 
Originally posted by: amnesiac
Originally posted by: Don_Vito
What I want to know is, how are you going to achieve paying only $900 per year to insure such a high performance car? I have to think it would run much higher.
Click to expand...

$300 x 4 months = $1200 / year 😉
Click to expand...

Ahem - last I checked, there were 3 4-month segments in a year. $300 x 3 = $900

So there! 😉
 
how about keeping a second beater car for the winter. You only insure the STi for 3 summer months, then garage it, and insure some corolla or something for the remaining 9 months. 🙂
 
Honestly, I don't think that the car is worth it. I saw one at the NY auto show, and it just looks like a regular WRX with fancy sport seats and a big supercharger.
Click to expand...

Ignorant....
😉

In my dreams I am getting a 2004 WRX Wagon....
 
Originally posted by: Nocturnal
On another note what kind of job would I need to have to obtain $20.00 an hour?
Click to expand...

Be a very busy male gigolo...........[if you manage to achieve this for more then 10hrs HATS OFF TO YOU!]

I'd take you on in a mma fight 😀

(big ufc, pride and mma fan! also spars and trains in it)

 
Originally posted by: Nocturnal
Originally posted by: RossMAN
Originally posted by: Angrymarshmello
How hard is it for you to take out a calculator and do it yourself?
rolleye.gif
Click to expand...

Let's not even go there, I could type paragraphs.

$20/hr x 40 hrs x 52 weeks = $41,600

I'm assuming you have very little or no cc debt, so yes if you had a FULL TIME $20/hr job for at least 1-2 years you could prob afford this car.

Keep day dreaming.
Click to expand...

LOL@Keep day dreaming. I would love to fight you in a mixed martial arts match one day. That would so rock my world. Every thought about figthing MMA?
Click to expand...
LOL indeed! - If you were actually able to somehow kick RossMAN's ass, would that lower your car or insurance payments?

 
Originally posted by: SuperTool
how about keeping a second beater car for the winter. You only insure the STi for 3 summer months, then garage it, and insure some corolla or something for the remaining 9 months. 🙂
Click to expand...

No No NO, that is so wrong. You MUST use STi during the winter months cuz it's more fun and practical in the snow that using a beater like corolla. Remember, STi is AWD dude ...
 
Originally posted by: SyahM
Originally posted by: SuperTool
how about keeping a second beater car for the winter. You only insure the STi for 3 summer months, then garage it, and insure some corolla or something for the remaining 9 months. 🙂
Click to expand...

No No NO, that is so wrong. You MUST use STi during the winter months cuz it's more fun and practical in the snow that using a beater like corolla. Remember, STi is AWD dude ...
Click to expand...

its not like AWD is the end-all-be-all of winter driving. If you were looking for that you would get a tracked vehicle. AWD and 4WD will just make you over confident and put you in a ditch when you least expect it.
 
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