Dodge SRT Forum banner

1 - 20 of 37 Posts

·
Registered
Joined
·
403 Posts
Discussion Starter · #1 · (Edited)
I bought my srt-4 for 19 grand. My parents traded their old SXT towards it for 7 grand of the cost so its really costs me 12 grand. Im paying it off in 2 years with a payment of 575 a month and 2400 for insurance in a year. The catch is im 18 and i make 10 bucks an hour. Some think this was a bad idea for me but i dont see how i could pass it up. What do you guys think?


Not to mention i work in construction with my father and we can build a 100 grand home for about 50 or 60.
 

·
Registered
Joined
·
1,198 Posts
Well concidering you work 40 hours a week you make $1,600 a month (probly $1,100 after taxes). You pay $575 a month for your car and $200 for insurance. So your monthly bills come out to $775 a month, not bad. Leaves you a few hundred a month to play with. Sure you will not be rolling in cash but it's doable.
 

·
Registered
Joined
·
5,341 Posts
your a fool

go to school get an education...why would u want debt at 18 years of age...why did u not just keep the sxt enjoy that, finish school and go to college or university

u make 10 bones per hr/ what if said job were to let u go for whatever reason what are u going to do....u have to think long run...but u said your plan is to pay it off in 2 years...i guess living of macaroni and cheese for the next 2 years is ok then go for it...

just saw u added that u work for dad....so i guess if u get into a tight spot they can always help u out

here save this link in your favourites for future reference

http://www.bankruptcyinformation.com/
 

·
Registered
Joined
·
403 Posts
Discussion Starter · #5 ·
I do go to school and i get paid 20 grand a year for it within 4 or 5 years i will make at least 50 grand a year.

i go to school for construction and drywall
 

·
Registered
Joined
·
101 Posts
I applaude you bro. I wish that when I was 18 I could sacrifice my money for a car. I drove pieces of shit for years until now (I'm 23), so I could spend my money on dumb shit. If you really think you can do it, then more power to ya bro. Have fun.
 

·
Registered
Joined
·
604 Posts
no , a fool would move into a 2 bedroom appartment with 4 other buddies that party too much and fall asleep with his keys on the table giving his drunken buddies access to his ride , stay in school and enjoy your ride. lots of life left for you to ponder foolishness :thumbsup:
 

·
Registered
Joined
·
437 Posts
hey i just turned 19.... i dont have an education yet but i make 15/hr and the company pays for my school.... im enjoying my car and going to start school next semester... you can do both you just gotta manage ur money and you'll be alright....

the way i see it is... i need something to enjoy myself while i go to school...its either a apt or car... i choose car its prob cheaper anyways..... for an apt you gotta pay rent
cable tv, water, light, etc a shit load of bills... i live with my parents and plan to keep it this way for a while.
 

·
Registered
Joined
·
1,422 Posts
why dont you take your payments over a longer time. will bring the payments down,am also doing same am 19 i make 10$ an hour but i also had huge down payment of 10 grand =/ but over a 5 year "loan" my payments are 190$ a month
 

·
Registered
Joined
·
1,198 Posts
Srt4Par said:
why dont you take your payments over a longer time. will bring the payments down,am also doing same am 19 i make 10$ an hour but i also had huge down payment of 10 grand =/ but over a 5 year "loan" my payments are 190$ a month
Because paying your bills off sooner = less money. I would rather have a huge bill for 2 years than a small nagging bill for 5 years.
 

·
Registered
Joined
·
1,422 Posts
yea but that does not mean you cant pay the loan off befor 5 years ;) so you could pay $500 a month or $190 just depends what you had plan for the month likes mods or what not :)
 

·
Registered
Joined
·
1,422 Posts
yea thats me and i am a ninja so shhh!
 

·
Registered
Joined
·
1,198 Posts
Srt4Par said:
yea but that does not mean you cant pay the loan off befor 5 years ;) so you could pay $500 a month or $190 just depends what you had plan for the month likes mods or what not :)
Speaking realistically, most people pay the MINIMUM, other wise credit card companies/loan companies would be out of business. I mean there is a lot of “you could” in this world. I could wake up and see the Olsen Twins and Lindsey Lohan next to me every morning, but that will most likely never happen. Just like people paying MORE than they have to every month.
 

·
Registered
Joined
·
5,904 Posts
Roo said:
Well concidering you work 40 hours a week you make $1,600 a month (probly $1,100 after taxes). You pay $575 a month for your car and $200 for insurance. So your monthly bills come out to $775 a month, not bad. Leaves you a few hundred a month to play with. Sure you will not be rolling in cash but it's doable.
:hijacked: what happened to the other girl in your sig? Mods make you take it out because it wasn't work safe? :jester:
 

·
Registered
Joined
·
1,422 Posts
but it could and thats what am betting on ;)
 

·
Registered
Joined
·
1,198 Posts
FrontMounted said:
:hijacked: what happened to the other girl in your sig? Mods make you take it out because it wasn't work safe? :jester:
Ah crap I didn't even notice! I guess they took it out, I'll link to it :)
 

·
Registered
Joined
·
1,422 Posts
any other porn links there Roo :) :) :)
 
1 - 20 of 37 Posts
Top