what is this

[weflyhigh]

saw it on the recently uploaded on bbzzdd

http://pics.bbzzdd.com/users/maddogchen/DSC00091.JPG

any idea? thanks lol

edit:
and what model is this
http://img16.imageshack.us/img...290015931462897764.jpg
thanks again
edit2: is that 2nd one the 599 GTB http://www.ferrari.com/English..._GTB/Pages/599GTB.aspx ?


EDIT NEW QUESTION:
Lets say you make 80,000 a year and live in a decent apartment (nothing too expensive), what's the maximum you could probably spend per month on a car payment? Maybe a % of salary that is typical?
assuming some (minimal) student loans too but not that big of a consideration
figured id just edit this thread rather than make a whole new one

 

[coldmeat]

#1 is the new Nissan GT-R

and ya the 2nd one looks like the 599

 

[zerocool84]

Umm your edit is too broad. Nobody can answer that except for you.

 

[melchoir]

Originally posted by: weflyhigh


EDIT NEW QUESTION:
Lets say you make 80,000 a year and live in a decent apartment (nothing too expensive), what's the maximum you could probably spend per month on a car payment? Maybe a % of salary that is typical?
assuming some (minimal) student loans too but not that big of a consideration
figured id just edit this thread rather than make a whole new one

Easy question. Basically, at $80k you should spend between 50 and 75% of your gross salary on a car payment. You might not be the best paid person at your job, but you still need to keep up appearances right? Impressions matter, and if you ever hope to climb the corporate ladder you better have a nice ride.

 

[T2urtle]

about 50-75% sounds right.

typically i would look into getting a simple middle of the line benz or bmw.

not like m5 or AMG series but maybe a 535 or the 540's replacement. Lexus IS350 or something. Not a GT-R per say. GT-R's run about 80-125k, would be overkill as a daily driver but it could be. A vette would be something i would get if i didn't have clients to drive around much.

 

[sdifox]

Are you guys nuts??? 50-75% of your gross salary on a fucking car??? I don't know about US tax rates, but in Canada income tax is about 1/3.
Tag that 1/3 to your 50-75% and explain to me how you are going to live? And I am assuming your 50-75% includes all maint and consumables.

Are you renting? You should work on your down payment for a house. Or build up reserve fund. If you really must have a lux vehicle, get second hand.

I make 100+k with bonus and I am still driving my 2002 Protegé5. My wife (she's in the 70k range) does have a second hand 2006 E350 4Matic. And we paid for it in cash.

 

[Vette73]

Me and my wife make about 135k a year together before taxs. We have NO car payment. We save up while driving out currnet car and replace it when it gets old and we have the funds.

Best car is the one you don;t have to make payments on.

 

[KentState]

Originally posted by: sdifox
Are you guys nuts??? 50-75% of your gross salary on a fucking car??? I don't know about US tax rates, but in Canada income tax is about 1/3.
Tag that 1/3 to your 50-75% and explain to me how you are going to live? And I am assuming your 50-75% includes all maint and consumables.

Are you renting? You should work on your down payment for a house. Or build up reserve fund. If you really must have a lux vehicle, get second hand.

I make 100+k with bonus and I am still driving my 2002 Protegé5. My wife (she's in the 70k range) does have a second hand 2006 E350 4Matic. And we paid for it in cash.

They are not talking about buy the car in one year :roll: Unless you are really going to buy a car that cost $200k over 5 years. How much were you making when you got your P5? I'm sure it was 30-40% of your yearly income in 2002.

To the OP. How much are you left with each month after paying all your expenses, less what you are currently paying on a car? For example, if you have $2000 left each month, then $500/month for a car is doable, but if you only have $800, then you are cutting it really close.

 

[IronWing]

Save your pennies for a car and pay cash. You'll know how much car you can afford by how much money you have in the bank. If you can't save enough to afford the car you want then you can't afford that car on time either. Debt sucks, even when taken on for a good reason, it still sucks.

 

[sdifox]

Originally posted by: KentState

Originally posted by: sdifox
Are you guys nuts??? 50-75% of your gross salary on a fucking car??? I don't know about US tax rates, but in Canada income tax is about 1/3.
Tag that 1/3 to your 50-75% and explain to me how you are going to live? And I am assuming your 50-75% includes all maint and consumables.

Are you renting? You should work on your down payment for a house. Or build up reserve fund. If you really must have a lux vehicle, get second hand.

I make 100+k with bonus and I am still driving my 2002 Protegé5. My wife (she's in the 70k range) does have a second hand 2006 E350 4Matic. And we paid for it in cash.

They are not talking about buy the car in one year :roll: Unless you are really going to buy a car that cost $200k over 5 years. How much were you making when you got your P5? I'm sure it was 30-40% of your yearly income in 2002.

To the OP. How much are you left with each month after paying all your expenses, less what you are currently paying on a car? For example, if you have $2000 left each month, then $500/month for a car is doable, but if you only have $800, then you are cutting it really close.

Originally posted by: melchoir
Easy question. Basically, at $80k you should spend between 50 and 75% of your gross salary on a car payment. You might not be the best paid person at your job, but you still need to keep up appearances right? Impressions matter, and if you ever hope to climb the corporate ladder you better have a nice ride.

Maybe I misunderstood, but melchior said car payment.

Err, when we bought the Protegé5, it was 20% of our combined gross. We still financed it because we were saving up for the big purchase (house). We paid it off when my wife got preggie and did not want to have 2 outstanding loans. I would have paid it into the house, but there is no arguing with pregnant woman.

I think I have 40k to go on my mortgage (200k).

 

[Demon-Xanth]

It depends on your other living expenses, how much you're going to dedicate to the car and that sort of thing. If your car is your hobby and you don't have many living expenses spending more would be a good idea. But if you just want some transportation get a $20k car and pay cash. Annual wages may put an upper limit on how much to spend, but if you can spend $5k and have something you enjoy, why not?

Edit:
Just make sure you factor in maintenance, insurance, and registration/tax fees into your budget. The two most expensive things in the world are a cheap Porsche and a free boat.

 

[melchoir]

Originally posted by: sdifox

Originally posted by: KentState

Originally posted by: sdifox
Are you guys nuts??? 50-75% of your gross salary on a fucking car??? I don't know about US tax rates, but in Canada income tax is about 1/3.
Tag that 1/3 to your 50-75% and explain to me how you are going to live? And I am assuming your 50-75% includes all maint and consumables.

Are you renting? You should work on your down payment for a house. Or build up reserve fund. If you really must have a lux vehicle, get second hand.

I make 100+k with bonus and I am still driving my 2002 Protegé5. My wife (she's in the 70k range) does have a second hand 2006 E350 4Matic. And we paid for it in cash.

They are not talking about buy the car in one year :roll: Unless you are really going to buy a car that cost $200k over 5 years. How much were you making when you got your P5? I'm sure it was 30-40% of your yearly income in 2002.

To the OP. How much are you left with each month after paying all your expenses, less what you are currently paying on a car? For example, if you have $2000 left each month, then $500/month for a car is doable, but if you only have $800, then you are cutting it really close.

Originally posted by: melchoir
Easy question. Basically, at $80k you should spend between 50 and 75% of your gross salary on a car payment. You might not be the best paid person at your job, but you still need to keep up appearances right? Impressions matter, and if you ever hope to climb the corporate ladder you better have a nice ride.

Maybe I misunderstood, but melchior said car payment.

Yes, to the OP I intended for him to spend 50-75% of his monthly gross salary on his car payment. It's the only way to achieve success, don't you agree?

Management won't see his nice house, but they'll see him drive to work in a nice GTR/Vette/Viper etc, and based on the salary they know he already makes they'll figure he's very good with money and deserves a promotion when an opportunity presents itself.

I thought this was covered in business 101?

 

[PricklyPete]

To be honest at 80K a year...you shouldn't be driving more than a 30K car...I'd recommend even less.

 

[sdifox]

Originally posted by: Demon-Xanth
It depends on your other living expenses, how much you're going to dedicate to the car and that sort of thing. If your car is your hobby and you don't have many living expenses spending more would be a good idea. But if you just want some transportation get a $20k car and pay cash. Annual wages may put an upper limit on how much to spend, but if you can spend $5k and have something you enjoy, why not?

Edit:
Just make sure you factor in maintenance, insurance, and registration/tax fees into your budget. The two most expensive things in the world are a cheap Porsche and a free boat.

I am contesting that statement. The most expensive thing in the world is woman. I know they are not objects, but boy do they cost money.

 

[sdifox]

Originally posted by: melchoir

Yes, to the OP I intended for him to spend 50-75% of his monthly gross salary on his car payment. It's the only way to achieve success, don't you agree?

Management won't see his nice house, but they'll see him drive to work in a nice GTR/Vette/Viper etc, and based on the salary they know he already makes they'll figure he's very good with money and deserves a promotion when an opportunity presents itself.

I thought this was covered in business 101?

I think I found the culprit of the meltdown.

 

[spidey07]

Car payment should never really be more than 10% of your take home after all other savings/witholdings at maximum (better if lower) 80K is probably around 4200 take home a month so 420 bucks would be about right. An easier metric is you should make 4x gross yearly than the car. So at 80K you can afford a 20K car.

 

[Demon-Xanth]

Originally posted by: sdifox
I am contesting that statement. The most expensive thing in the world is woman. I know they are not objects, but boy do they cost money.

If it flies, floats, or fucks, rent it! Upkeep is way too expensive.

 

[melchoir]

Originally posted by: sdifox

I think I found the culprit of the meltdown.

:thumbsup:

 

[StageLeft]

In this econmy, a few hundred/month. Get your debt paid off, get at least 10k in savings and then think about a nicer car. If you're too impatient to get the debt gone and some money in savings, the income you have doesn't really matter because you'll suck with money regardless of how much you make, and if you are willing to get some money saved it will take no time at all when you're netting $5k/month and living alone. You could be stockpiling cash crazy fast.

Best car is the one you don;t have to make payments on.

Winnar.

BTW I said $300/month because it buys tons of car, you can get a late-model sedan or low-end minivan or whatever. If you want some status you could even get an older luxury car and just throw money at more repairs.

Also, don't take the advice on money of those who are not living in a way you aspire to; i.e. if your buddy tells you you can buy a corvette, does he live in a way you admire, financially? If not, his advice is useless.

 

[sjwaste]

Originally posted by: Marlin1975
Me and my wife make about 135k a year together before taxs. We have NO car payment. We save up while driving out currnet car and replace it when it gets old and we have the funds.

Best car is the one you don;t have to make payments on.

This.

Of course, she drives a respectable '04 Passat that's paid off, while I drive the same car I bought when I was 17. But I take good care of it, I swear!

The thing about cars, for me, has been that the novelty wears off fast. I love the new 335i, but a few drives in it has been enough to kill the idea that I must own one. For one, I walk to work, and drive to class at night. In traffic. A go-kart would be good enough.

 

[rh71]

Originally posted by: PricklyPete
To be honest at 80K a year...you shouldn't be driving more than a 30K car...I'd recommend even less.

That's assuming people don't have savings. People (not saying just you) keep throwing out numbers to live by but it really depends. If you're a college student or recent graduate and still have debt and depend on every other Friday, then that probably works out correctly, but if you are somebody with just a mortgage/rent to pay and no other real debt, you will have savings to work from as well as your annual salary. If you don't buy cigs / beer / games every month, $600 in restaurants a month, etc... you will have savings, easy. And even better, you can pay it off at delivery (and start saving again). Not everything should be immediately attainable - though you get that feeling from people sometimes - and it's not always about the annual salary either. I hope people don't live everyday thinking they need to spend something from every paycheck.

 

[KaChow]

Originally posted by: Marlin1975
Me and my wife make about 135k a year together before taxs. We have NO car payment. We save up while driving out currnet car and replace it when it gets old and we have the funds.

Best car is the one you don;t have to make payments on.

This x 100. The wife and I make about 2x what you said and I drive a Civic and she drives a RAV. We paid cash for both, less than $40k combined. If I see a car I like I check out reviews, prices, etc. then go for a ride on my motorcycle and remember that I bought my bike for (inexpensive) fun and a car for commuting/sitting in traffic (i.e., no need to spend oodles of money to upgrade just to look pretty sitting still). Yes, I know I'm killing the economy.

 

[KentState]

Originally posted by: spidey07
Car payment should never really be more than 10% of your take home after all other savings/witholdings at maximum (better if lower) 80K is probably around 4200 take home a month so 420 bucks would be about right. An easier metric is you should make 4x gross yearly than the car. So at 80K you can afford a 20K car.

I think that 10% across the boards isn't a fair way to look at it. A person making $80k, could easily afford a $35k, pay any bills, and put money in savings.


I know it was very possible back in 2004 when I was only making $65k and purchased my GTO. I took home around $4000 month - $1200 for the house - $800 for all other expenses - $500 car = $1500/month in savings. Of course, I really enjoy cars and I see it partially as hobby. Others partake in vacations, golf, or whatever else. Plus housing where I lived was very affordable.

 

[DVad3r]

Originally posted by: sdifox
Are you guys nuts??? 50-75% of your gross salary on a fucking car??? I don't know about US tax rates, but in Canada income tax is about 1/3.
Tag that 1/3 to your 50-75% and explain to me how you are going to live? And I am assuming your 50-75% includes all maint and consumables.

Are you renting? You should work on your down payment for a house. Or build up reserve fund. If you really must have a lux vehicle, get second hand.

I make 100+k with bonus and I am still driving my 2002 Protegé5. My wife (she's in the 70k range) does have a second hand 2006 E350 4Matic. And we paid for it in cash.

I'm from Canada too, Toronto to be exact, and what you and your wife make is plenty enough to afford some nice toys here. You could be driving a much better car. Which part of Canada are you from?

Unless of course you have a million dollar home you are paying off?

 

[fstime]

Buy cars in cash.

Preferably something used that has already taken a nice hit in depreciation.

Financing a new car doesn't make sense to me. Why make the same payments on a car 4 years after you bought it when its worth less then half its original value.

There's good debt and bad debt. Finance a house, not a car.