ok, let me get some opinions on this one.
how much money would you think a person should have saved or how much income per year should he or she make in order to "purchase" not lease, an automobile in the $90,000 range?
let the answers fly.........p.s. don't ask me why i am lookiing for opinions
2006-10-16 08:03:25 · 9 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Someone I work with has a system- Each payday, and both of them make good $$, they pay themselves, put money into a car fund, and when they are ready to buy a car they pay cash, therefore avoiding paying interest. Then it doesn't matter what you make. And the finance companies will have a formula on how much money you make, your credit score, and your debt ratio, before they would approve financing on a car like that.
2006-10-16 08:09:15 · answer #1 · answered by smartypants909 7 · 0⤊ 0⤋
Well, it could be less than you think if you buy from the right place and save yourself some cash. Generally, the more expensive a car you are considering, the higher the potential for savings by finding it cheaper. For example, a 10% discount on a $9,000 is $1,000, but the same 10% off of a $90,000 car is $9,000, which would make your $90K car an $81K car. Car dealer auctions can give you at least this kind of savings from the retail price. Secure the cash, then visit
http://www.motobidia.com/index.asp
2006-10-16 12:02:22 · answer #2 · answered by motobidia 2 · 0⤊ 0⤋
If you have to ask.... you can't afford it.
Btw, there are lenders that will let you borrow up to $100k with $0 down.... depending on credit and income.
2006-10-16 08:11:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you can pay cash get the car. If you can't then don't. Credit is for suckers, much like the lottery!!!!
2006-10-16 08:07:54 · answer #4 · answered by DR 3 · 0⤊ 0⤋
Depends how much you make....
Have you thought about figuring it out yourself....
If you make $15,000 or$ 4,000 a week. What do you think you should save then?
think about it :)
2006-10-16 08:18:42 · answer #5 · answered by Maria AKA one of a kind 3 · 0⤊ 0⤋
There are too many idiots paying that much !
Don't be another one !
2006-10-16 08:08:30 · answer #6 · answered by Swamp T 3 · 0⤊ 0⤋
Why are you looking for opinions?
2006-10-16 08:06:19 · answer #7 · answered by Lloyd 5 · 0⤊ 0⤋
at least $150,000 per year min
2006-10-16 08:08:51 · answer #8 · answered by Anonymous · 0⤊ 0⤋
GET A FRIGGIN' LIFE!!!
2006-10-16 08:25:45 · answer #9 · answered by Anonymous · 0⤊ 2⤋