If Everything Works Out!!!

[pitbull12888]

ill build up credit by the time i go jackass's. and my parents would co sign for me 2.. not for the ferarri but for a mustang they would.

 

[Randy Savage 5,000+ posts]

This is probably one of the dumbest threads I've ever seen made on this forum in the 4 years I've been here.

If you work 40hrs/week at $16, you're pulling in ~$500 week after taxes. That's ~$25k/yr.

Rent is $600, plus taxes+utilities, minimum $750. That's ~$10k yr gone. Now, you have ~$15k left.

Add in food (I'd say $50-75/week...we'll go with $50), gas (we'll keep it low and say $50/week for that as well), car payments (my car was $20k, I put down $2k and have a 2.9%APR, still pay $370/mo), let's say car payment is $400/mo, which is VERY low for the type of cars you're talking about, plus insurance (I'd wager around $400/mo as well) that's $900/mo, which now leaves you with ~$5k left over. Add in security deposit on apartment, furniture, and other miscellaneous costs, you'll have nothing left.

Also realize that the numbers I used were slightly on the low side, things will probably cost a little more...

 

[naiku 10+ year member]

This is the funniest thread I have read in a while.

 

[Relax 10+ year member]

Dude- don't get discouraged there are many bottom feeder banks out there that ill loan you 10-12g$ and dick you up the *** with state max apr- if you got a down payment of 20gs. If I were you though- I would move down to FL - much nicer there plus it sounds way cheap- then buy an older porsche or way older ferrari. Pick up chicks and have fun- don't get ***** by the ****ing banks.

Plus with 20gs- you are 2/3 of the way to a 2 or 3 year old Boxter or similar.

 

[bonesninja 5,000+ posts]

This is probably one of the dumbest threads I've ever seen made on this forum in the 4 years I've been here.
If you work 40hrs/week at $16, you're pulling in ~$500 week after taxes. That's ~$25k/yr.

Rent is $600, plus taxes+utilities, minimum $750. That's ~$10k yr gone. Now, you have ~$15k left.

Add in food (I'd say $50-75/week...we'll go with $50), gas (we'll keep it low and say $50/week for that as well), car payments (my car was $20k, I put down $2k and have a 2.9%APR, still pay $370/mo), let's say car payment is $400/mo, which is VERY low for the type of cars you're talking about, plus insurance (I'd wager around $400/mo as well) that's $900/mo, which now leaves you with ~$5k left over. Add in security deposit on apartment, furniture, and other miscellaneous costs, you'll have nothing left.

Also realize that the numbers I used were slightly on the low side, things will probably cost a little more...

on top of all that....what about the girls man...they ain't giving it up to no broke *** nukkas....if you drive a ferrari they expect you have some loot

 

[Calikid 5,000+ posts]

poor kid hasnt even gotten th job and is thinking of buying a ferrari. it'll be hilarious if he doesnt get the job.

//content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif :laugh: //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif :laugh:

 

[naiku 10+ year member]

poor kid hasnt even gotten th job and is thinking of buying a ferrari. it'll be hilarious if he doesnt get the job.

One thing I would like to know is what the f*ck company hands out bonus checks of $2k+ every couple months. Surely that's a pretty surefire way for a company to go bust? Especially since they only pay $16 an hour, which indicates its not a big company.

 

[Johnny Drama 5,000+ posts]

16/hr @40 hours= $640

$640x52 weeks in a year =$33,280-taxes = ~$27k

Lets say you work 10 hours overtime every week...not likley at all...

16x2x10=$320 a week x 52 weeks = $16,640-taxes is ~$12,900

Total is $39,900

Apartment in ohio is probly ~$500 a month

utilities is probly ~$100

Insurance in a fararri $400 a month (maybe more)

total of $1k with just that.

You are porbly going to bring home ~$3k a month if you do get to work all that overtime.

You might be able to handle that car payment with the 2k you have left over.

$80,000+tax=$86,600 tital and lisense =~$87,600

$87,600*8%(if you have perfect credit)=$94,608

$94,608/72months finance (if you can get that)= $1,314 a month. I know my math is probly WAY off, but I do know that to guess on what financing will be on a car you take $20 for every $1000 you finance, You are looking at $1.8 a month more then likley.

You know what the kicker is? 99% of the time a bank won't finance a car more then 5 or 6 years old.

Good luck with that... //content.invisioncic.com/y282845/emoticons/tongue.gif.6130eb82179565f6db8d26d6001dcd24.gif

 

[LeofromtheH 10+ year member]

i'll have to agree that this thread is hilarious, and the OP is way over his head.

but with 20 g's, why not work for alittle while and buy yourself a nice ride for around 25-30 g's. you could probably get a nice jag or mercedes. just slow down and live life.

 

[MikeofTulsa Moderator]

One thing I would like to know is what the f*ck company hands out bonus checks of $2k+ every couple months. Surely that's a pretty surefire way for a company to go bust? Especially since they only pay $16 an hour, which indicates its not a big company.

my job does that but its about ever 6 mo here

 

[pitbull12888]

yea i hear ya thats prolly wut will happend ill prolly go with the 05 gt and fix it up like i want..dam theres alot of ball busters on here lol

 

[Johnny Drama 5,000+ posts]

i'll have to agree that this thread is hilarious, and the OP is way over his head.

but with 20 g's, why not work for alittle while and buy yourself a nice ride for around 25-30 g's. you could probably get a nice jag or mercedes. just slow down and live life.

F that...If he is 17 and already has 16g...invest it and buy your first house in cash. Even at 24 he should be able to double his cash.

 

[j3bus2k3 5,000+ posts]

yea i hear ya thats prolly wut will happend ill prolly go with the 05 gt and fix it up like i want..dam theres alot of ball busters on here lol

No, we're realists. A ferrari at 17 or 18 is just stupid...

 

[MikeofTulsa Moderator]

F that...If he is 17 and already has 16g...invest it and buy your first house in cash. Even at 24 he should be able to double his cash.

if i had the 13k i walked away with after selling my dads house again, i'd have invested much more of it in a high yield money market acct and definatly make sure i can retire in 20 yrs

 

[bumpweLL.nYc 10+ year member]

that car would be 15k to insure here

**** i got quoted 9k a year for a G35, and Im 28 with a good rec. no accidents

even if you did find a way to get a ferrari, what if it breaks? there goes a month of work..