Little Bhishma
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Since you are 19 you may be ending up paying a higher interest rate for your condo. I guess you may end up paying $500 per month for your condo. You make 45,000/year means you bring home about $2500 (after taxes and I assumed 401k). Assuming it is healthy to leave at least $1200, I guess you can go all way up to $35,000. However I would recommend that you don't spend too much on a car since you end up paying a lot for the insurance and gas as well. I will recommend you to buy a cheaper car and buy another condo and give it for rent. Learn to be financially free by investing only in thing that can pay you back money. Other thing are just liabilities today or tomorrow or some other fine day. Spend wisely. |
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ItsJustMe987
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I'de say stick in the 30k max range. Your young, insurance is going to be really high, plus you got bills. I'de recommend u lease a vehicle. I'de go with a 2006 Honda Accord Coupe V6. Extremley fast, and extremley luxurious for its price. |
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nick_knight49
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your a liar |
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s_emhe82
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Don't make the same mistake I made. I was making pretty good money when I was around your age, too. I went out and bought a convertible Mustang GT. I regretted it. It was fun at first but afterwords it became nothing more than a car to me, and I was still stuck paying the outrageous car and insurance payments. The worst part was that it had lost almost a third of its value so that even after I sold it I was still paying off the loan for another year.
If you want a nice car, go for something used. You'll get a better deal and if you regret it you'll have less depreciation when you decide to sell or trade it in. |
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fjgc73
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dont be stupid asking that, get a corvette |
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DallasBlue
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You make good money at your age. You can expect to pay 20-23,000 for a Mustang or just keep going up from that. A mediocre sports car price that'd you'd probably like will be around 30,000. Something like a new Corvette around 55,000. Find someone experienced in dealing with car dealers, especially if you plan to finance through anyone other than your personal bank. Trust me, they will royally screw you with all the paperwork and add hidden fees, and small print terms while trying to distract you and have you sign them quickly. If you have no one experienced, don't be intimidated into closing the deal quickly and signing papers without reading and understanding what you are signing. If nothing else, look for a book at the library or a source on the net. 60 Minutes did an excellent hidden camera investigation a few months ago that was very eye opening. Even a guy i knew screwed me.
Oh yea. Whats gonna cost you a bundle is the insurance. You're a male under 25 and the sportier and more expensive the car, the higher the fees. |
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gi_scarlet13
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you suck...
no fair...
i hate life
get a prius...save the environment |
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reyes
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get a twin turbo supra thats what im getting |
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zydeco762002
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A moderately used Toyota Supra with twin turbo. This makes for a reliable daily driver that will smoke 98% of vehicles in America. I suggest one that is 2 years old as it should depreciate by 50% in 2 years. Let the other guy pay the depreciation. |
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AlbertaGuy
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Buy a House! Rent the Condo! Buy a reliable newer Used-Vehicle! |
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frootloopsmom
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get an accountant to help you manage your money |
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manda_user
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The Japanese are easier to handle than the Corvette i might say.. If You must, get a Skyline.. You don't want a mishandling at 250mph don't you?... |
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Ted
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What? u r selling drugs or trying to impress chicks here?
I make well over that. |
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WONDER
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he |
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GobleyGook
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A corvette.
Good luck not killing yourself. |
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blah
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corvettes are fast for the price, and believe it or not, old vipers are the best thing for the buck. |
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