/biz/ - Business & Finance

you can do it.
you'd be a retard to do it, but you can do it.

>>18539433
>60k salary
>30 percent gone after taxes
>40k after taxes
unless you live in it you cant afford it

>>18539433
get a 3 old japanese car for 15k max. Trust me young padawan, the value of the cash that you will save, granted you don't waste the savings, will let you flex really hard in your 30s.

>>18539433
lol buy something you can afford. i make 150k a year and have never spent more than 17k on a car, don't be an idiot, save your money

>>18539433
If you don't have any friends then who are you trying to impress? Just buy a reliable older used car and put the rest of the money into a 401k. Hell, even just throw it into robinhood and speculate, your return would probably be better than buying a new $50,000 car

>>18539433
Just buy a 2006-2007 nissan 350z if you know how to do basic things such as changing oil or a semi-new toyota gt86 if you dont. You are out of college you dont really need anything stronger than a gt86 and its gonna impress girls (even tho better momvans are going to overtake you)

>>18539433
lol

>>18539433
I'm sure the banks would love to give you a 7% p.a loan for that

>>18539433
buy a $5000 car and don't worry about it

Dont listen to these nitty faggots, get your dream car, you live your life once and might as well enjoy it especially when you're young

I'm 20yo with $65k in Chainlink. I'm having a hard time justifying selling $200 worth of LINK to buy a new GPU. I basically only play Ravenfield on lowest settings now for about 30 mins a day which desu has helped me focus more on uni. Anyway, spending $60k of money on a car while your net worth will basically be the same as your car is from a financial standpoint retarded as fuck. Have you driven a car like that before? I've driven a 2009 BMW 750 300kw which costs about €10k and it was nice as hell(apart from the gas consumption). But I mean if you are willing to wage cuck longer to drive a nicer car now, then go ahead. I personally cannot imagine myself wagecucking at all. I'm fully deluded that LINK is gonna make me $1m by the time I'm done with uni(2 more years).

i think it should be notes that my parents have millions in stocks even now the portfolio is still in the millions with a big chunk of it in apple. (idk exactly they dont talk about it)

but they said they will help me out but they want me to know how to budget

>>18539629
so its not like i buy this car and im gonna be living in it sleeping in parking lots.

>>18539629
In that case go ahead since you have basically made it already.

the biggest financial mistake a young man like you will make will be to purchase an expensive car straight out of school. A car will not help you attract women or at least the type of women you want in your circle. It will be a rapidly depreciating asset that you will have to pay large amounts of interest for. And the dopamine rush of having a nice car will wear off in 3 months and it just be a mode of transportation that you stress over to keep clean and undented so you can inevitable trade it in for something practical in the future. I understand the psychology because I was once a young man like you and in that position. Instead pay no more than 20k for a "sporty" but practical car and put the rest of your money into savings and paying off student debt.

you don't get out much and you don't have friends. why the fuck would u get a car?

>>18539726
im confused because i may be different in that im still driving my 185hp 2016 honda accord that i got in high school and im still having fun accelerating so i dont think a 300-400hp car will wear off on me at all actually. i think i just love driving and my priorities are different

also i wont have any student debt out of school. im looking at my college statement and i have a 16k credit balance for some reason idk why and if i can just withdraw it??

>>18539776
its fun to drive and i do go out and have friends its just that i dont do it as much as i think others my age do

Just get a Miata

>>18539783

Save the money for a condo or house then. Cars a shit financial decision. Read the book the millionaire next door.

https://www.youtube.com/watch?v=Hxi2JzI3dJc

i just checked and now i have -$17k balance in my school billing statement

idk why

>>18539433
The answer is obviously no. you had to come to an anonymous imageboard for advice on buying a cuns00mer product. This whole thread feels like a weird flex bro and you should just save

>>18539433
>ive always wanted a kia stinger gt2, infiniti q60 red sport, or 2020 lexus rcf
Lmao with such shit taste you might as well get a banged up shitbox for a few grand and save your money
>>18539726
>the biggest financial mistake a young man like you will make will be to purchase an expensive car
Well maybe some people actually love cars asshole. Except most people don't, including OP so you're actually right

>>18539433
>kia stinger gt2, infiniti q60 red sport, or 2020 lexus rcf
Buy yourself some goddamn taste first jesus christ

>>18539433
Guess college doesn't necessarily make you smarter huh?

>>18539433
I understand how you feel, but don't waste money on cars
if your really want a sport car, buy a 350z in good conditions, it's cheap but sexy and fun as fuck
it is perfect to drive around roastie #66 cause she cannot bring any cockblocker with her (it is physically impossible to have sex inside the cockpit tho, you need to bang her on the bonnet, or go for blowjob)

>>18539433
I am you from about 5 years in the future.
(26, 70k salary, "car guy" who frequents /o/ a lot and also likes nice cars)

That's an expensive car for your potential salary. I live with my parents still so my living costs are almost nothing, and Im going to be buying a nice sports car next spring. I set my budget at 40k and even that I realize is a lot of money.

Once you factor in monthly payment+insurance, you will be spending close to half of your salary on this car over the next 3 years. It's not worth it.

Besides all those cars you mentioned are pretty gay desu. Kia stinger has a shit auto transmission, Lexus is for old men. If I could spend 50k I'd buy an older C7 Corvette Z06 or at least a grand sport.
But I can't afford it, so I'm buying a 2018+ Mustang GT 5.0 with the performance package.

I'd recommend you do something similar. 3 year old base Mustang GTs can be had for under 30k, if you want the nice optioned out interior then you can get it for 35k.

But you can't afford a 50k car on a 65k salary. I mean you could but it's stupid. You will look ghetto fabulous

>>18539957
I really hate the 350z it looks like a rice rocket and lol.

>>18539433
You’re never gonna make it

>>18540028
>I really hate the 350z it looks like a rice rocket and lol.
Ah so you just want an expensive looking car for the image

>>18539726

Only thing that will happen is attracting the wrong women. Its ok to buy an expensive car if you have the budget and plan it out. This was my experience at least.

>>18539483
I make 90k and have never spent more than $1,200 on a car bitch

Lease one and rent it out on turo, it may even make you a tidy profit

>>18539433
Don't waste your money on a car retard, especially if you're only gonna be making $60,000. Nice cars are for when you're in your late 30s or 40s (60s if you really suck with money so you spend your kids inheritance on a mustang instead)

>>18540083
This. OP had already set himself up for failure.

>>18539433

Everybody is telling you not to spend so much on a car and all this BS but in reality it built my credit up pretty nice. Make your own decision cause a lot of people can make money but don't know how to spend it.

Imagine spending $50k on a deprecating asset at the start of the golden bullrun.

>>18540083
His parents have millions of dollars in investments as he stated. He has already made it.

Get a Tesla

>>18539433
i thought about this the other day
i make 30k currently, almost 30 years old with no bachelor degree

the only people driving mercedes and expensive cars are doctors, lawyers, pretty much people who could take the loan (100k$ of student loan), pay it off in a couple years etc while having a good job because of schooling

everyone else driving those fancy cars is financing while they work non-stop paycheck to paycheck (idiot decision but you know, peer pressure and laziness results in small vision)

there are many things you can do to get a nice car, like auction (public not dealer), craiglists etc.
but now right, get the idea of a new car out of college out of your head unless you are becoming a doctor or anything that doesn't pay below 60k
also you have to finish the schooling AND pay off the loan, if you don't have a timeline for this you already fucked up

>>18539478
This. Buy a used Maxima or some shit.

>>18539433
Car is a depreciating asset. Use 500 bucks for one. No more.

>>18539433
Don't be a nigger and waste your money on fancy cars which will be worthless in a couple years. Only expensive thing worth putting money into is buying a house. You'll have a place to live, and it will appreciate in value.

>>18539433
lol your not starting at 60k into this new economy retard. ur gunna be lucky to get 40k

>>18539628
This has to be bait.

>>18539543

Fucken this

OP delusion AF

>>18539433
The era of living beyond your means is coming to an end if you haven't figured that out yet.

When you see one of those cars in a parking lot wait around to talk to the owner. Ask him if it's all he thought it would be.