I'm about to land my first job out of college and will be pulling in about 40k. According to my financial advisor, I will be stuck with my paid off 06 Camry for the foreseeable future. According to him I shouldn't budget more than 10% of my monthly income for car payments. That does not bode well for me.
Just out of curiosity- how much money do you make per year? What car do you drive? Was it a smart financial decision? Do you regret it?
I really want to treat myself to a car now that I will have a stable non-part time job, but I just can't seem to justify to cost.
>>15124255
52k a year. Ive got an 09 turbo forester, a 12 brz (that i put a turbo on) and im buying a ninja300 soon
>>15124302
>ninja 300
Hahaha what a bitch
>>15124255
you can easily afford a car if you live with your parents (and don't need to pay rent)
>>15124334
My first bike pls no bully
>>15124353
ninja is a fantastic learner bike. haters gonna hate, and 99% of them dont even have a fucking bike. they are salty fucbois.
>>15124404
>>15124353
Id still recommend something a bit bigger. Youll be bored in a season.
>>15124255
I drive an M roadster that I love (and some shotboxes and a bike), i also spend about 10% monthly income on a car payment(s). If you want a more expensive car save more for a downpayment.
>>15124255
73k
2016 fiesta st
was it smart? probably not. it's not like I can't afford it, but I had an 03 alero with 135k that was still running fine, and could have probably driven that for another year to year and half (I usually drive about 10k miles a year)
do I regret it? absolutely not. car is fun as fuck to drive, and with something that isn't a beater, I finally have a reason to learn more about cars, which is something I've been wanting to do for awhile now
>>15124255
>10% of my monthly income for car payments
10% of income before all expenses/taxes? or after?
>>15124572
not OP, I believe it's 10% of your take-home income, at least that's what my financial adviser told me
>>15124572
They usually say gross, but I use 10% of net
>>15124606
ur gorss
>>15124302
Skip anything below a 600cc, you'll want to get out of 300cc like you wanted to get out of training wheels when you were a kid learning to ride bikes. That and you'll struggle with highway speeds.
>>15124255
>40k
>new grad
>6 months until student loan ass raping begins
Yeah, you're stuck with that 06 Camry for a while.
>>15124712
maybe he's one of the lucky ones with no student loan debt
>keep applying to internships
>nothing
>keep applying to jobs
>nothing
Am I stuck being a groceryfag forever?
>>15124735
what field are you trying to get into, anon?
>>15124606
ur gorss as fuck man
>>15124606
ionan why you have to be gorss dude
>>15124751
Anything at this point. Hell I might just say fuck it all and apply to this welding job in the classifieds I read about over my morning coffee and toast. The worst that could happen is I get told "no" for the thousandth time, I'll take a decent paying manual labor job over being a broke loser.
>>15124778
did...did you get a bad degree anon?
>>15124791
You mean like English or History? No.
There's just nothing regarding my field of study where I live.
>>15124778
Well that doesn't really answer the question, what field is your degree in, what have you applied at?
Was around 30k a year, then I quit my job to go to college and hopefully finish my bachelors.
I have a 2004 Chevy Cavalier, 5-speed LS-Sport. I paid cash for it back in maybe 2008? Paid $5000, $3000 of which was from the insurance payout on a totaled Integra and the other $2000 I had saved. My parents never believed in car loans, and I picked up that belief myself. The Cav wasn't my first choice, but it was pretty much the lowest mileage compact with a 5-speed that I could afford with cash money, and to seal the deal it had ABS brakes, which nothing else in it's price range had.
I consider that it turned out to be a pretty decent investment. It had about 60,000 miles on it when I bought it, around 130,000 now. Maintenance has been super simple and very cheap - 7500 miles between oil changes, 30,000 miles between air filters, and 100,000 miles between spark plugs - that's it. It only left me stranded once, in a Lowes parking lot with a failed fuel pump right around 100,000 miles. Geico Roadside Assistance towed it back home for me to put a new pump in it.
Every couple of years I pay a couple hundred bux to a "real" mechanic to make a stubborn check-engine light go away, and I've had to swap out a front wheel bearing. The most expensive thing I had to do was repaint it, after a decade of being parked outdoors in the sun caused the clearcoat to peel, but even that was only $800. If you took all the money I spent on this car, repairs and maintenance alike, and put it into monthly payments, I'm coming out way ahead of any new car payment. And hell, this isn't even a very good car! It ranks average to mediocre on most reliability reports. You've got a frickin' Camry, so your repair costs are likely to be even lower.
I also have a 2011 Suzuki TU-250 that I used to use as a commuter bike before I quit my job, now it just kind of collects dust & moss, but it easily paid for itself in saved parking fees alone during the time while I was riding it daily.
>>15124708
>riding a sportbike on a highway
Lel
>>15124778
honestly, I would say try looking at a call center even. the financial software company I work at pays 50k/year for level 1 support, which is mostly filled with dumb old people who barely know how to work a computer. places like that aren't too bad to work at, so it's worth a look
>>15124812
>There's just nothing regarding my field of study where I live.
jesus titty fucking christ anon, there's no reason to be so damn cryptic.
>>15124829
Cuck
>>15124255
He's basing that statement off of what normies do with their money. If your biggest interest and hobby is car stuff, you can easily spend more than 10%.
>>15124255
Your advisor is correct, don't put more than 10-15% of your income towards a vehicle. If you save for a few years though, it starts to build up. It's not that you can only spend 10% of your yearly income on a vehicle, it's that you should save that 10% and save for a vehicle for a few good years. If you had that 40k/yr job, and saved 4k/yr for 5 years, that's 20k towards a vehicle, not to mention the possibility of promotion or raises.
>>15124879
>promotions
Hey OP, want an instant promotion?
>>15124778
Have you talked to an Army recruiter? Be ALL you can be... or be get a easy job like "orthopedic specialist." But if you have a degree, DO NOT let the recruiter talk you out of Officer Candidate School. Officers get treated a billion times better than enlisted(me) and make much more money.
Pic related, the type of people I get to laugh a every day.
>>15124897
stopped to be gorss
>>15124879
>you are not allowed to have fun until you are 60 years old
Kill your self my man
>>15124913
>being horribly poor
poor people stay poor for a reason.
>>15124913
Most of these people are lowballing or just very pessimistic about the future.
>>15124778
Made $12/hr cutting concrete in 95-115 degree weather 8 months of the Arizona year for >10 hours a day and >55 hours a week. Trust me, they will run you to death at almost any manual labor job like a nigger in the cotton fields, and if you can't handle it, they'll find some retarded fuck or a spic that will. They will find someone willing to work themselves to death with or without you. Put on the idea for working full time and college and it's basically living to get ready for work, being in school, or ready for bed. Outside of eating you will have nothing else in life but work and school, and that's how it was for me. Don't fool yourself into a manual labor job. If you do, demand no more than 40hrs/wk and no less than $12/hr. If they say you have to work more or make less, it isn't worth it, no matter how easy they make the work seem.
>>15124897
If you can't make a promotion in 3-5 years then I feel sorry for you son.
>>15124913
He makes 40 grand a year. If he wants to live in a house, or have another hobby, look into going back to school, save for vacations and traveling, etc. then he might want to look at spending less on a car. Simple matter of finances man, not everyone lives in a studio apartment.
Then again, more money of mine goes into guns than cars, so I shouldn't be talking. I'd rather drive a 2011 civic or camry and just come home to an arsenal of bullshit.
>>15124933
I work at a factory for $13.25/hr. Brakes on the clock. Work 40 hours a week. Weekends off unless I want the overtime. Just depends where you get hired, anon. I generally spend 2 hours on break out of 8. Easy money.
>>15124812
>There's just nothing regarding my field of study where I live.
If you have a degree, and there's nothing in that field where you are, MOVE. You're NEET on 4chan. Nothing's pinning you down. Find out where the jobs are in your field and buy a greyhound ticket. Your college's Alumni Office or Career Center can point you to where most people with your degree have luck get hired.
Ideally, you're supposed to have this figured out before you graduate. I know I picked my major specifically based on the jobs I can get in the region where I live. But then I had the advantage of a decade of contemplation between dropping out of college and going back.
Regarding going into welding, I would warn against it. The work is mostly going to be daytime, which is the time you should be spending job-hunting in your field. And long-term welders get health problems pretty bad. People who swear they wore full coverage gear every time and followed every safety precaution still end up weird skin and lung conditions after doing it long enough.
For a temporary job while you look for a real job, maybe consider delivering pizza? When I was a slacker college dropout, I never lived better than when I was delivering pizza and getting tips. Part time noobs always get put on friday & saturday night rush shifts, when the store is busiest, and if you're a good little delivery monkey and keep the customers happy, you can turn those 2-hour rush shifts into 8+ hour closing shifts every weekend, allowing you to make decent money to scrape by, while still leaving most of your valuable weekday free time to look for a real job.
>>15124478
Im in ausfailia. The only 600+ bike i can get while im a learner is with ABS
>>15124980
There is literally nothing wrong with ABS. Dont let any retard tell you otherwise. Its a bad meme. Besides cost and weight it is what it is. Personally i wouldnt pay more for it but i wouldnt avoid it.
For real tho most bikers are retards with bad habits who cant ride for shit. Be wary of anything anyone tells you.
>>15124255
>financial advisor
Are you dedicated to being a cuck?
>>15125229
t.busrider
>>15124255
>how much money do you make per year?
Base salary: $60,000
After factoring in overtime: ~$100,000
>What car do you drive?
2015 Honda Civic
>Was it a smart financial decision?
I have a 50-mile commute each day so it was necessary. I'm paying something like $280 a month for it so I think it was wise.
>Do you regret it?
Yes and no. It's a boring car but I needed it for commuting. I'd like to pick up a 2013ish Lexus IS for comfy commuting in a few years
>>15125229
>getting professional advice on managing your finances makes you a cuck
It's actually a pretty smart decision
>>15125264
Dude...youre kinda cheap. Live a little
>>15125264
>50 mile commute
I know this feel, just started a 60 mile round trip commute that takes about an hour each way with traffic.
>>15124255
%10 of montly income.. %10 x 12 .. %120 of your yearly income.. you can get a $48000 car, should be enough to treat yourself.
if you're not a normie who insists on having a brand new car you can get lots of fun stuff on a 40k salary. E46 M3s have kind of bottomed out in price.
>>15125362
Thats not how math works
>>15124255
60k/year and paid 10 k for an '08 civic si. basically i spend 50% of my monthly income modding it cause ricecar and keks. I'll sell it for something faster in a couple of years, but for now it's a fun car. Also I live with my parents. I'd do something more responsible with money like buy a house, but fuck it I'm in my 20's and if they keep promoting me at the rate they've been doing i'll be making six figures by the time I'm 30. I'm sure if I had a financial advisor he'd call me a fucking moron, but I'm not going to just hoard away my money until I'm 50. At that point, I'd probably just kill myself, because instead of enjoying the short life I've had, I'll have wasted my youth being a prude, virgin, cheapskate saving my money for what? For when I'm dead? Kek. My 401k will have close to a million by the time I'm 65-70. And why would I ever retire? that would be boring as fuck. And Here's some news: you can't take your money with you when you're dead.
>>15124255
$28k/yr. $800 Buick Century. It was a smart financial decision. I regret it and everything else in my life. Death can't come soon enough.
>>15125362
>%10 x 12 .. %120 of your yearly income
are you having a chuckle, bro?
>>15124830
Are they hiring? I'm making $14/hr, 29hrs/wk working at an inbound call center for a clothing company. Been there since 2012.
>>15124255
Keep the car
Buy a bike for 5K or less
Fuck bitches
>>15124255
I make roughly $20k/year and I'm paying off a subaru legacy 3.6R which I purchased for 19k. I've been paying it off early and I don't have too many regrets. Amazing car, it's pretty fun, and pretty luxurious.
I dont understand people who willingly put themselves in debt. buy a car outright and get basic coverage. you guy love getting dicked by the banks and insurance companies.
>>15128490
Or they want to build credit so that later down the road they can finance a house
>>15128490
>>15129040
both of these statements are true and that is fucking everything wrong with this world and economy
>>15129058
We need a new plague
>>15125264
What the fuck do you do?
>>15129555
We need a war. A nice global war.
>>15124255
>Just out of curiosity- how much money do you make per year? What car do you drive? Was it a smart financial decision? Do you regret it?
I started out at about your salary and bought a used 2006 Mini Cooper S. I live in a big city so I wanted something fun, small, and with a 6 speed. I was a little car poor for a few months and regretted it, and looking back it was dumb, but I enjoyed the shit out of that car.
I guess TL:DR it's not smart financially, but most hobbies aren't really.
>>15124947
>spending money on guns and not your car
Fucking what?
>>15124255
>40k a year after college
holy fuck, that's pathetic. I was making 60k / year at 19 and I didn't even go to college. degrees really aren't worth this these days.
>>15124255
Financial advisor? What the hell is wrong with kids these days.. do you also consult your bull to tell you how to fuck your women too?
>>15124255
40000 training for a 60000 promotion.
Fiesta st 24,000 $369 a month. I don't regret it because I enjoy every time I get behind the wheel.
>>15124902
Is this at Fort Campbell?
>>15129742
Welcome to America anon.
Anon, I have to applaud you for at least consulting a financial advisor about this. It shocks me how many autists start threads on /o/ about buying $60k cars on a $50k salary.
Having said that, I'm sorry to say but at $40k salary (before taxes I'm assuming?) isn't enough to go splurge on a car. You should probably ride out the Camry until you get promoted or get a higher paying job. That's not a knock on you...fact is that recent grads are pegged into these shitty paying jobs despite being more than qualified.
Hang in there...work hard, save up, and buy the car your heart desires after 2-3 years. The Camry will definitely last until then.
Oh, to answer the last part of your post: I'm 24, work in software development, pull close to $80k, and drive a used E90 335. Will probably sell this time-bomb when I get promoted.
Good luck!
>>15124255
95k. 2012 Avalon I bought used 6 months ago with 14,500 miles. Great decision. i drive a loaded poor man's lexus for less than $300 a month. When I was in your situation I drove the shit box for 3 years then bought a new car.
>>15124255
Dubs checked.
40K is pretty good for right out of college, at least there days.
How long is your commute? If it's a lengthy one, your car will wear out eventually. Give it a year, then start looking around for a more recent used car.
I make 70k CAD per year. I was driving an 05 TJ which I bought for 10k cash about 1.5 years ago. I saved up 30k, took out a 40k loan, bought a 2016 WRX, put the $9.5k I sold the jeep for towards the loan, and i'm comfortably paying the loan off now.
>>15132173
$70k maple bucks for a WRX? jesus christ on a shingle, you caribou fuckers get screwed on pricing.
>>15132184
I paid 37k for it. List price in CAD is about 39k, thats for the "sport-tech" package.
>>15129704
TRUMP 2016
>>15124255
I make a little over 110 plus equity, first job out of school
owned a paid off 2006 CRV that my dad got me while in high school, I still drive it as my DD. I make a $500/mo payment on a FRS on a 0 down 0.9% APR loan. I pay 1500/yr insurance 300/yr on tags and spend about 800/yr on maintenance because the CRV is starting to show its age
Was it a smart financial decision to buy a second car, of course not
Do I regret it no, 500/mo is a fairly trivial amount for me at this point
>>15129680
law enforcement
>>15125309
>getting professional advice on managing your finances makes you a cuck
Maybe not, but having an office job makes you a cuck.
>>15127947
Noice.
>>15124255
I'm driving a 2013 Honda Fit until it gets totaled or falls apart. Income is about to be $0 unless the college I'm going agrees to hire me (IT) before I start classes.
>>15132328
Ah, Saying you saved up 30k and took out a 40k loan for the car made it sound like it was 70k.
>>15124255
>muh finances
>muh stock production car
>76 replies.
these normie threads are so shit.
>>15125309
If you're a dumbass that doesn't know how to make fiscal projections, sure, but managing money is super easy. Especially so for someone with a degree.
>>15135765
nah.. not really.
projections yea, but as far as taxes, investing, etc nah.
>>15124255
>40k annual
>financial advisor
kek. no offence, in years i've made that i haven't really considered a need other than don't spend more than enough to pay rent.
>>15134597
Well good thing I don't have an office job
>>15135694
Yeah, let's go back to talking about your $2000 shitbox
>>15124933
>tfw manual labour job at $23/hr 37hrs/wk
easy shit famalam
>>15135776
yeah, it really is
You're literally jus dum
>>15136224
tfw this but company truck, ipad, cell phone, and gas card also
>>15124976
You can't just up and move somewhere with no money and no plan. That's almost guaranteeing failure.
If you are going to move you need to have nailed down a job and an apartment in the area you are going to move to BEFORE you go.
>>15126509
>you can't take your money with you when you're dead.
This
Make sure you save up enough for your funeral and leave it at that. Don't leave your shithead unappreciative grandkids 100k for them to blow down the drain.
>>15124353
just get a gsxr 600 they come with 3 power modes and one is for noobs.
>>15124255
I just got a $25,000 apprenticeship with $5,000 in savings. I'm looking for a car and I figured I would spend $2,500 on the downpayment on a $5,000, maybe $7,500 car. Since I don't have a credit card, I thought I'd just have my parents cosign to keep the interest low.
Now that they're involved, my mom insists I spend more so I can get a car built in the last 5 years with less than 50,000 miles because she thinks anything else will break down, and my dad wants me to buy from our local Carmax so he can get some kind of deal on the car he's selling.
So unless I want to spend out the ass on interest payments, I have to spend out the ass on a car I don't want that I'm likely stuck with as my only car for the next 5 years.
Kill me.
>>15124732
I doubt he's one of them if someone told him he has to keep his paid off car for "the foreseeable future".
>>15124606
whyvyou so gorss again
>How much
40k after OT
>car
2011 Mazda 6
>was it a good decision
Yes. My car was on the way out, needed a new one. Needed something that could commute and was decently sporty.
>do I regret it
Not at all. Learned how do my own maintenance and wrench a bit on this car. It's decently sporty, looks good, and dat comfort.
>>15124350
Why the fuck would you choose driving a new car over your own freedom? Just fucking drive a used car till you're making bank. Living with your parents is a crutch.
Americans of /o/ I have a question specifically for you.
Why are minorities ruining race relations in the US?
>>15138541
Obama lets them
>>15138546
Does it have an effect in the car culture there?
>makes only 40k per year
>pays for a financial advisor
here's a tip, stop spending money and don't buy a car for over $8k at that slave wage. Save what you can and put it in 401k/IRA until they are maxed, in mutual funds nothing risky
>>15124255
buy used, get a more entertaining car, sell the soulless camry.
I make about $5,500 per month take home, and have a $400 per month payment. It comes out to about 12% with insurance and taxes. I could have a bigger house, but I can't drive a house.
My current salary is $53,500/yr. when I bought my 2006 9-3 2.0T back in 2010, I paid about $12,000 out the door on a $15,500 sticker as a low (25K on the clock) mileage CPO car. I think it was probably about the best deal I could have had at the time. At 90K today, it still has very low miles for the year, and has never had anything go wrong with it. Having said that, its probably worth less than a used pork roll sandwich nowadays...
Don't really care though. I intend on driving it until the wheels fall off, then putting it in a barn somewhere.
>>15131951
What's more American than cars?
>>15124302
Buy an sv650 or something Jesus
>>15124404
>>15129058
Jewish usury ruined the world. Sorry senpai
45-60k.
03 Toyota Tacoma.
Bought it 4 years ago for 5k cash, its still worth over 7k. Totally worth it.
Make about $340 aud a fortnight + $530 in benefits. Own a 3k mx5 that costs me 1-2k in on road/maintainence a year.
Uni Lyf
>>15124255
>>makes only 40k per year
>>pays for a financial advisor
It's a good investment. Better than a POS used car that goes vroom vroom or whatever.
