06-27-2010, 08:48 AM
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#10 (permalink)
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Base Member
Join Date: Apr 2010
Location: Lubbock
Posts: 214
Drives: 09 Nissan 370z A6
Rep Power: 17
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Quote:
Originally Posted by WarmAndSCSI
No offense, but don't take this as advice. If you lost the support of your parents (their health goes bad, they move, whatever) or otherwise had to move out, then you'd be screwed unless you could sell the car quick. The Z is a $40k car up there, so almost $750/month on a 72-year loan if you don't have a trade in (assuming 7% APR which would be really good given your age). That's a lot of money on $2500/month. Almost a 3rd of your income after taxes.
I'm almost to that point (1/4 of my take-home income) paying for a 370Z and 08 Evo X, and it's kind of tight if anything on the cars breaks lol.
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Your theory is flawed, if his parents died then im guessing they would leave him a majority of their money. Considering he still lives with them they are probably on good terms. Now before you come back with the "you dont know that argument" lets be realistic. He can afford the car given his current situation, which is what he is asking. Not if X and Y happens then will he be able to afford it.
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