Oh yeah...here's me in a red GT-R. (November in Tokyo)
03-10-2008, 08:00 PM
#11
GTR Senior Member
Join Date: Jan 2005
Posts: 869
Most people who are self made, never discuss their income.
Most people who are self made/have good incomes dont rely on others for their financial decisions.
So, with that being said, Id have to say its silly if you cant afford a GTR with 150k income. But then again, depending on your tax bracket, your living expenses, and where you live will make a huge difference.
150k in Houston, Texas is excellent
150k in California is marginal for a lifestyle including a GTR.
So, look at your expenses, consider your current debt, and make the decision.
Dont forget about taxes, dont forget about insurance, speeding tickets, and modification budget for this car though either.. Hehe.
Most people who are self made/have good incomes dont rely on others for their financial decisions.
So, with that being said, Id have to say its silly if you cant afford a GTR with 150k income. But then again, depending on your tax bracket, your living expenses, and where you live will make a huge difference.
150k in Houston, Texas is excellent
150k in California is marginal for a lifestyle including a GTR.
So, look at your expenses, consider your current debt, and make the decision.
Dont forget about taxes, dont forget about insurance, speeding tickets, and modification budget for this car though either.. Hehe.
As well, for example to add, lots of people making double of that can't afford anything. I've seen it and occasionally work with people just like that. It has to do with how much you "must" maintain as a lifestyle. Many people "must" make and lead a "lifestyle" that has all kinds of implied expenses and responsibilities, many of which "appear" to be "beyond control."
For example, lots of wealthy doctors cannot afford anything more than what they already have, and many cannot afford that either. Often the larger your title or position, the more you need to project this profession's "level" to your peers and clients. You don't want to be seen driving a 8 year old VW Jetta if you're making $500,000/yr. You want to be seen driving a brand new Bentley or SLR McLaren or something along those lines.
You are then a member of a golf or country club, and the memberships can run beyond $10,000/year. You must drive and wear to work a certain level of fashion to project success and power. And you must appear at certain places and pay certain premiums to be seen appearing there to maintain a veneer of status; perception is nearly 100% of everything.
03-10-2008, 10:41 PM
#14
Newbie
Thread Starter
Join Date: Aug 2006
Posts: 15
Most people who are self made, never discuss their income.
Most people who are self made/have good incomes dont rely on others for their financial decisions.
So, with that being said, Id have to say its silly if you cant afford a GTR with 150k income. But then again, depending on your tax bracket, your living expenses, and where you live will make a huge difference.
150k in Houston, Texas is excellent
150k in California is marginal for a lifestyle including a GTR.
So, look at your expenses, consider your current debt, and make the decision.
Dont forget about taxes, dont forget about insurance, speeding tickets, and modification budget for this car though either.. Hehe.
Most people who are self made/have good incomes dont rely on others for their financial decisions.
So, with that being said, Id have to say its silly if you cant afford a GTR with 150k income. But then again, depending on your tax bracket, your living expenses, and where you live will make a huge difference.
150k in Houston, Texas is excellent
150k in California is marginal for a lifestyle including a GTR.
So, look at your expenses, consider your current debt, and make the decision.
Dont forget about taxes, dont forget about insurance, speeding tickets, and modification budget for this car though either.. Hehe.
Last edited by wucifer; 03-12-2008 at 01:58 PM.
03-10-2008, 10:49 PM
#16
Newbie
Thread Starter
Join Date: Aug 2006
Posts: 15
I greatly depends on your other expenditures. A nice dept expenses to income ration is 1:3. Depending on how much you spend on your house, how much your payments will be, and so on, it could vary. If you have an expensive house, then no, probably not wise. Also, if you have other expensive hobbies, probably a bad idea. Otherwise, based on the 150k number alone, I would say that a 70k car could be an affordable purchase no problem. If one had low other living expenses, even 100k/year could be OK. Much below that, it would basically have to be your only expense to be justifiable as a typical 5 year payment on this car will hover in the 1500ish range
03-10-2008, 10:56 PM
#17
Newbie
Thread Starter
Join Date: Aug 2006
Posts: 15
03-10-2008, 10:59 PM
#19
GTR Member
Join Date: Feb 2008
Posts: 84
Most people who are self made, never discuss their income.
Most people who are self made/have good incomes dont rely on others for their financial decisions.
So, with that being said, Id have to say its silly if you cant afford a GTR with 150k income. But then again, depending on your tax bracket, your living expenses, and where you live will make a huge difference.
150k in Houston, Texas is excellent
150k in California is marginal for a lifestyle including a GTR.
So, look at your expenses, consider your current debt, and make the decision.
Dont forget about taxes, dont forget about insurance, speeding tickets, and modification budget for this car though either.. Hehe.
Most people who are self made/have good incomes dont rely on others for their financial decisions.
So, with that being said, Id have to say its silly if you cant afford a GTR with 150k income. But then again, depending on your tax bracket, your living expenses, and where you live will make a huge difference.
150k in Houston, Texas is excellent
150k in California is marginal for a lifestyle including a GTR.
So, look at your expenses, consider your current debt, and make the decision.
Dont forget about taxes, dont forget about insurance, speeding tickets, and modification budget for this car though either.. Hehe.
-Nate
Last edited by GTRNate; 03-10-2008 at 11:02 PM.
03-10-2008, 11:00 PM
#20
Newbie
Thread Starter
Join Date: Aug 2006
Posts: 15
