If someone were to do 25k down, 61-25, 36k @ 60 months 5%, that would bring it down to like what 630$ a month? Then the other monthly costs would be about the same so 1070$ a month so 86k a year salary to afford.... Thats feasible alright thanks for the cost breakdown made it faster for me to figure it out for my own circumstances
That is with 0 down at 8% apr on the loan over 72 months. The overall monthly payments will vary depending on factors like down payment, trade in value and a better apr with a better credit score.
Financing anything is foolish. Unfortunately, most people don’t have the cash to buy a car, home, etc. outright. But at least financing a home is an investment.
So I’ve been thinking about getting a Supra. I make 120k a year, my credit score is about 730. Got extra money on the side but eveeeen then 😂 I would never pay more than 500 a month for a car 😅. Perhaps… I need a good downpayment…. I also own a corporation wonder if there’s a way to deduct wear and tear/gas for corporation uses 🤔🤔
It’s a $60k vehicle it’s not that serious my m4 comp cost $116k after taxes and title on the build of $103k. If you can’t pay in cash or put atleast 60% down than you’re an idiot for choosing an expensive car
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Well, there goes my plan to buy a Supra next year!! Thank you for the breakdown! Really made me slow my roll and save more!
Glad I could help!
this was a great, concise financial breakdown!
Thank you! appreciate your support
coincidentally i’m about to begin the process of buying one at the end of this month so this helps a lot
Glad it helped! Thanks for the support
Did you buy ?
I wanna get a black one, I already got a blue sport car, so a black one
If someone were to do 25k down, 61-25, 36k @ 60 months 5%, that would bring it down to like what 630$ a month? Then the other monthly costs would be about the same so 1070$ a month so 86k a year salary to afford.... Thats feasible alright thanks for the cost breakdown made it faster for me to figure it out for my own circumstances
I only got one life and got dealt with sum poopy cards my Corolla got me I need to buy a house first
Thank you for these vids. Do you think you can do one for base 718 cayman.
Sounds about right!
So basically, financing a car is an idiotic idea. In 2024, even moreso.
That is with 0 down at 8% apr on the loan over 72 months.
The overall monthly payments will vary depending on factors like down payment, trade in value and a better apr with a better credit score.
Financing anything is foolish. Unfortunately, most people don’t have the cash to buy a car, home, etc. outright. But at least financing a home is an investment.
Could you do G82 M4 ?
So I’ve been thinking about getting a Supra. I make 120k a year, my credit score is about 730. Got extra money on the side but eveeeen then 😂 I would never pay more than 500 a month for a car 😅. Perhaps… I need a good downpayment…. I also own a corporation wonder if there’s a way to deduct wear and tear/gas for corporation uses 🤔🤔
Yes bro. If it’s mostly used for company purposes
bought gr supra MT in lightning yellow cash so dont have to worry about finance.
When you throw the punchline of annual income- is it gross or post tax income? Uncle Sam takes a big chunk of the gross
Hi
Wow , I’ll get a MX5 ….. The US economy is shot. 😢
I cant take financial talk serious from you when you say "cent" instead of "cents"
It’s a $60k vehicle it’s not that serious my m4 comp cost $116k after taxes and title on the build of $103k. If you can’t pay in cash or put atleast 60% down than you’re an idiot for choosing an expensive car
So get a bike 🚲