Lambo and income question - Page 2 - GoFuckYourself.com

BigCashCrew · 12-23-2005, 11:56 AM

fiddy millions

TMM_John · 12-23-2005, 11:57 AM

Quote:

Originally Posted by Minte

While you guys argue about it..The sun is shining,the roads are clean..and I have a bunch of new music loaded on the IPOD..so I will enjoy the day and take my Lamborghini out for a cruise.

It's in the 50s here today, I'm getting tempted. The level of intellgence around this place drops daily while the number of surfers & wanna be "webmasters" continues to climb. Surely my time would be better spent on a twisty road somewhere.

Alex · 12-23-2005, 12:00 PM

Quote:

Originally Posted by PBucksJohn

I have never lived in NY. And why would you care and how would you know what I can/can't afford? In manhattan on central park more expensive? of course, are there areas of staten island that are cheaper than parts of NJ of course. Why are you so worried about other's finances?

Wow sorry.

I didnt mean for it to come off insulting. I thought i was asking a question.
I just wanted to know if overall living costs in NJ were cheaper than NY. Sorry man.

TMM_John · 12-23-2005, 12:03 PM

Quote:

Originally Posted by Alex

Wow sorry.

I didnt mean for it to come off insulting. I thought i was asking a question.
I just wanted to know if overall living costs in NJ were cheaper than NY. Sorry man.

LOL, just sick of the typical NY'ers who come to our malls on a daily basis and bitch about NJ. It's a touchy subject

As I said, obviously Manhattan is quite expensive. NY is very broad tho and there are very shitty areas and decent cheaper areas and of course very expensive areas. Jersey is just as diverse having areas at all cost of living levels.

I mentioned it becuase I know he's down south and the insurance costs up here are higher than where he's at I'm pretty sure. As far as car insurance between NY & NJ I'm not sure but I'd imagine they're relatively similiar.

PimpDaddyPants · 12-23-2005, 12:07 PM

Quote:

Originally Posted by Rinaldo

I'd imagine leasing a lambo is 1800 no?
THen insurance must be a shitload as well.
I'd think 80 k would get you a lambo and an efficiency apartment,
Do you really need to look that cool? when you bring the bitch to your house she'll walk out on you anyways.

A brand new murcielago goes for about 2500/mo leased.

Alex · 12-23-2005, 12:08 PM

Quote:

Originally Posted by PBucksJohn

LOL, just sick of the typical NY'ers who come to our malls on a daily basis and bitch about NJ. It's a touchy subject

As I said, obviously Manhattan is quite expensive. NY is very broad tho and there are very shitty areas and decent cheaper areas and of course very expensive areas. Jersey is just as diverse having areas at all cost of living levels.

I mentioned it becuase I know he's down south and the insurance costs up here are higher than where he's at I'm pretty sure. As far as car insurance between NY & NJ I'm not sure but I'd imagine they're relatively similiar.

I have an Unlce in NJ. In Marlboro. He says that it is a rich area, and it is sorrounded by other rich cities. But he said that he just bought a house for like 400k.

And i am comparing to California, where 400k would get you a decent house, but in not the best area. That was the reason why i asked if the living costs were relativley cheaper than NY.

TMM_John · 12-23-2005, 12:12 PM

Quote:

Originally Posted by Alex

I have an Unlce in NJ. In Marlboro. He says that it is a rich area, and it is sorrounded by other rich cities. But he said that he just bought a house for like 400k.

And i am comparing to California, where 400k would get you a decent house, but in not the best area. That was the reason why i asked if the living costs were relativley cheaper than NY.

I'm in Manalapan, which borders Marlboro. $400k buys you a larger townhouse or is the entry price point for a house in Manalapan/Marlboro. You're not going to find a decent single family house for under $400k. An average 3000sqft single family will run you 600k or so. New contruction 5000sqft will run you just under $1mil and there are a lot of 7 figure homes also.

It is a wealthy/high income area however there are areas of North Jersey (Upper Saddle River for instance) which are much more expensive.

Alex · 12-23-2005, 12:14 PM

Quote:

Originally Posted by PBucksJohn

I'm in Manalapan, which borders Marlboro. $400k buys you a larger townhouse or is the entry price point for a house in Manalapan/Marlboro. You're not going to find a decent single family house for under $400k. An average 3000sqft single family will run you 600k or so.

Well he bought it like 3-4 years back.

Thats still pretty cheap, compared to prices here.

Peaches · 12-23-2005, 12:18 PM

I dated a guy who lived in River Edge and grew up in HoHoKus NJ. Driving around that area (and Upper Saddle River) and looking at property just blew away a girl from the south. He had a crappy townhome he paid over $300K for and that was 10+ years ago.

But back to the argument - walk into a dealership, fill out the paperwork and they will let you know if you can afford a Lambo or not ;)

TMM_John · 12-23-2005, 12:18 PM

Quote:

Originally Posted by Alex

Well he bought it like 3-4 years back.

Thats still pretty cheap, compared to prices here.

Yes, CA has some silly home prices, no doubt about it. I don't judge a person's wealth by home as much as most people do. I know people living in expensive homes with interest only mortgages or living week to week and having no furniture. Then there are people living in modest homes very comfortably. Then you have people who bought a home 20 years ago for $80k that is worth $1.5mil today which they could never afford if they needed to buy it today. They suck all the equity out, blow it on this and that, and wind up a financial mess. Home value alone is not the greatest indicator of wealth.

Alex · 12-23-2005, 12:20 PM

Quote:

Originally Posted by PBucksJohn

Yes, CA has some silly home prices, no doubt about it. I don't judge a person's wealth by home as much as most people do. I know people living in expensive homes with interest only mortgages or living week to week and having no furniture. Then there are people living in modest homes very comfortably. Then you have people who bought a home 20 years ago for $80k that is worth $1.5mil today which they could never afford if they needed to buy it today. They suck all the equity out, blow it on this and that, and wind up a financial mess. Home value alone is not the greatest indicator of wealth.

No one thing can be an idicator. But here in CA, if you recently bought a home, with the inflated prices, it does show financial stability, assuming your whole paycheck doesnt go to your mortgage

TMM_John · 12-23-2005, 12:23 PM

Quote:

Originally Posted by Alex

No one thing can be an idicator. But here in CA, if you recently bought a home, with the inflated prices, it does show financial stability, assuming your whole paycheck doesnt go to your mortgage

Not necessarily. There are interest only and overnight borrowing interest rate adjustable mortgages with ridiculously low rates. Buying a home there with 20% down on a 30 year fixed would be an indicator of good stability, but as you said, their entire paycheck could still be going to it. There's too many factors and with the way home prices nationwide have gone up the past 5-10 years the mortgage industry has had to get very creative to keep pumping out mortgages. It's going to be a disaster for a lot of people in a few years if there is a big adjustment in home prices. And a real estate field day for those who are more conservative with their money.

Minte · 12-23-2005, 02:54 PM

Did you get out there PBucksJohn? I just got back from a fabulous run out on the backroads.The Gallardo really likes the cold air.You owe it to yourself to hear the sound of that engine again when it hits about 7k...

V_RocKs · 12-23-2005, 03:20 PM

Quote:

Originally Posted by Shok

ok noob lets do the math.

so lets say you make 80k a year, thats about $6500 a month.
lets say 2k for a low end lambo a month for lease
you have $4500 left.
Lets say 1500 for rent
that leaves $3000
lets say 500 a month groceries
that leaves $2500 for bills and whatever the fuck you want to spend it on.

Would I want to do that...fuck no but it is affordable you jackass

Taxes???

Fabien · 12-23-2005, 03:27 PM

Quote:

Originally Posted by Shok

Are you an idiot?
go check lease prices on low end lambo you asswipe.

You fuckers never took a math class I swear

Outch...
Looks like you took the cock though

pornguy · 12-23-2005, 03:30 PM

the only reason anyone needs a lambo in todays day and age, is so that they can get on GFY and brag about it.

Minte · 12-23-2005, 03:33 PM

Quote:

Originally Posted by pornguy

the only reason anyone needs a lambo in todays day and age, is so that they can get on GFY and brag about it.

I thought that's what BIG post count is for?

Biggy2 · 12-23-2005, 03:36 PM

Quote:

Originally Posted by Shok

ok noob lets do the math.

so lets say you make 80k a year, thats about $6500 a month.
lets say 2k for a low end lambo a month for lease
you have $4500 left.
Lets say 1500 for rent
that leaves $3000
lets say 500 a month groceries
that leaves $2500 for bills and whatever the fuck you want to spend it on.

Would I want to do that...fuck no but it is affordable you jackass

hmm, don't forget taxes (take away 35% of that 80k right there), health insurance (assuming its not covered by your employer), gas to put in your lambo, repairs, and other things. those things don't come cheap on a high-end car. also, why would you lease a lambo, when you are renting a house (unless that individual is a complete moron). i havent't given too much thought, but one could probably think of numerous other things that are necessities that there money goes to...

If a lambo was truly affordable at 80k/year, you would see a lot more lambos on the road.

Peaches · 12-23-2005, 03:39 PM

Quote:

Originally Posted by Biggy2

If a lambo was truly affordable at 80k/year, you would see a lot more lambos on the road.

There are a LOT of people who make quite a lot more than $80K a year who would never dream of buying one, lol!

JFK · 12-23-2005, 04:26 PM

Quote:

Originally Posted by Minte

While you guys argue about it..The sun is shining,the roads are clean..and I have a bunch of new music loaded on the IPOD..so I will enjoy the day and take my Lamborghini out for a cruise.

Most Excellent idea

Mr Pheer · 12-23-2005, 04:46 PM

I'm a one man operation making $400k+ and I wouldnt consider buying one.

But then again, I'm more into bikes and 4x4 trucks.

sfera · 12-23-2005, 04:48 PM

300k / year passive

MrJackMeHoff · 12-23-2005, 05:01 PM

the car you buy should be worth about or less what you make per year. Thats why most people drive $20k to $40k range cars..

slapass · 12-23-2005, 05:30 PM

Quote:

Originally Posted by MrJackMeHoff

the car you buy should be worth about or less what you make per year. Thats why most people drive $20k to $40k range cars..

This is not the same as almost no one has this car as their only car. It is more of a toy. I doubt many people under 400k a year own one.

And the kid who thinks 60-80 is making 10k a year as he ignores the 40% tax bite you would hit with in that income bracket.

bigdog · 12-23-2005, 05:42 PM

Quote:

Originally Posted by MrPheer

I'm a one man operation making $400k+ and I wouldnt consider buying one.

But then again, I'm more into bikes and 4x4 trucks.

ssssh uncle sam is watching

Shooting_Maniac1 · 12-23-2005, 07:08 PM

Quote:

Originally Posted by PBucksJohn

60k - 80k

I was about to say, but ya beat me to it! haha If that was that case... I could have bought 4 this year.. haha

I past 300k and still would have not wanted to bitw one of those off. haha

Thats some funny shit right there. I guess if one wanted to live in it and not eat, sure, you could do it on 80k

juicyjuice · 12-24-2005, 11:18 PM

my cars together are about 15% of my annual income.

rickdog777 · 12-24-2005, 11:28 PM

This is the most retarded thread I have ever read. I can't beleive someone would say you only need to make 60-80k a year to lease/buy a lambo. I don't know how much you make but here in STL 60K a year isn't shit. With a 1k a month minimum in housing and everything else that you would need there is no way you could afford a 500 dollar a month car payment. Besides you need to have 60-80k a year just to pay for the lambo and it's expenses. A 50K car costs roughly 1000 a month at a good interest rate. So do the math and you will see that it would cost rediculous amounts to afford a Lambo. I say you are a moron if you buy one without making mid 6 figures.

RawAlex · 12-24-2005, 11:42 PM

Remember that a lambo also cannot be your every day car. It isn't practical to take it everywhere (and the repair bills would kill you if you ran so many miles on it). So you are looking at having maybe an M3 or M5 as a daily driver... so push that number closer to 200k... assuming you haven't just also bought the pimp pad on a mortgage.

Alex

rml1608 · 12-24-2005, 11:49 PM

Some of you are on CRACK ...

a 2002 Z06 purchased at retail (think it was 56,500) came out to $1600 a month payments with 0% APR for 3 years.. Add in interest, make it a 5 year loan and a $56,000 car will run you about $800 a month. Assuming you are talking about buying a new lambo you are looking at a 1/4 of a million dollar car... $200K minimum. Let's go with $200K

You're looking at at least $3,000 a month for a car payment.. Lease payment you are looking at pry $25K down and about $2250 a month - They don't lease lambo's easily either.

To live in a pure shit apartment, with utilities.. no cable .. just water and electricity.. Atleast $800 a month ... Insurance for the Lambo - atleast $750 a month

$1550 + $2250 = $3800/month to drive a lmbo and live in a shit apartment without any cable, internet connection, etc... Assuming you can get by one $100 a month for food... Makes it $3900 a month ... You are also looking at about $100 a week for gas so $4,000 a month after taxes to LEASE a lambo in a super shitty apartment without net access and $100 a week to eat off of

They say a REASONABLE amount of your money to go towards a hosue payment is 33% - anything above that you are living beyond your means. So for a normal lifestyle with that lambo and rent payment you technically need to make let's say roughly $600 for rent and roughly $2250 for car ... $2850 X 3 = $6750 a month

And this is if you want to be in a shitty apartment driving a lambo - lol

Why Am I rambling so much? I don't know...

Anyone driving a lambo who doens't have all of the below

A) House worth atleast 1/3 of a million dollars paid off for
B) At least one other 'family' or 'sedan' type of vehicle paid off
C) At least $250,000 retirement account
D) At least $250K in other liquid assets
E) Steady Monthly income of at least $30K

Will be broke in a matter of years.. I learned about money management the hard way. I doubt you will find many (if any) lambo owners who aren't in at least the above financial shape... Or have rich parents or husbands who pay everything for them (btw the wrich parents will well exceed the above criteria)..

What's hilarious though, is many of you really would try to get a lambo to show how big your dick was if you came across $200K a year in steady income

I mde those 'sort of' mistakes and although the lesson cost me my ass - If I ever do well again, I will be set for life this time around

xNetworx · 12-25-2005, 12:01 AM

This thread is amusing. If you don't have more than a million is liquid assests and a nice 6 fig net income (min), don't buy a lambo or any non daily driver for over 200k for that matter. If you buy one anyways, move to Scottsdale, you'll fit in perfectly

rml1608 · 12-25-2005, 12:01 AM

BTW - Making $40K a year ... It's a struggle to pay a $1,000 a month house payment with proeprty taxes included, pay regular every day bills, and that's it.. I do ahve one child and a girlfriend who makes $1500 a month whp pays her own car payment etc..

I don't have a car payment... Those of you who are thinking even $100K could get you a car like that have never owned a house nor dealt with the type of 'ever day' expenses that come up in life on a monthly basis you didnt' expect to run into.

Young · 12-25-2005, 01:03 AM

Quote:

Originally Posted by Shok

your insurance quote is high.

I dont know the exact price but I know a 360 modena here is around $400 a month

I have a perfect driving record and i pay $325 a month on a G35. Where the fuck are you getting insurance quotes from ? Montana?

phogirl69 · 12-25-2005, 02:03 AM

Quote:

Originally Posted by Shok

why on earth would you buy.
Just lease.

And if you are single I would say you need to make around 60-80k a year if you want it to be afforable.

Im single, make over 80k a year, and I already think 20k for a car is alot already let alone 80k wtf... I am cheap as fuck, I try and save every fucken penny I make, I count every fucken dollar, I also gotta pay fucken taxes too.

The cheaper the better... I would not spend 80k on a car unless I was a millionaire... trust me I count every fucken penny...

I make over 80k and I have no problem driving a used car under 10k...

I would be afraid getting car jacked and getting shot driving such an expensive car...

andrej_NDC · 12-25-2005, 05:26 AM

I prefer to own a car for up to 3-6 months net profit, not more. But its just me.

slapass · 12-25-2005, 05:33 AM

Quote:

Originally Posted by andrej_NDC

I prefer to own a car for up to 3-6 months net profit, not more. But its just me.

That is commie talk here in the US. Get some debt anf go for it.

beemk · 12-25-2005, 05:33 AM

Quote:

Originally Posted by Shok

you dont think someone who is single can affoard a $1500 month lease note?

I guess it depends on where you live as well.

In Texas I can buy a 4k sqft. home for 300k

haha are you kidding me? why on earth would someone spend 1/4 of their income on leasing a exotic car? then they have to pay high insurance on top of that.

andrej_NDC · 12-25-2005, 05:43 AM

Quote:

Originally Posted by slapass

That is commie talk here in the US. Get some debt anf go for it.

Im living just fine with my 5 series, no need to go for more atm.

bigdog · 12-25-2005, 05:50 AM

Quote:

Originally Posted by pimpporn

This thread is amusing. If you don't have more than a million is liquid assests and a nice 6 fig net income (min), don't buy a lambo or any non daily driver for over 200k for that matter. If you buy one anyways, move to Scottsdale, you'll fit in perfectly

is the thing to do in scottsdale to overextend yourself?

$5 submissions · 12-25-2005, 05:53 AM

I would phrase the question differently: How much assets do I need to have producing passive income that would justify the cost of rewarding myself with a Lambo? Of course, this assumes I already have retirement funds stashed away to guarantee a set fixed income for my retirement years.

The numbers will probably vary based on people's values and income/net worth trajectories. Personally, I'd never buy a Lambo, I'd rather put all my 'extra' wealth into founding a free school to help street children from the Philippines get a world-class education. Seeing them go on to get good jobs, lift themselves up from chronic poverty, develop intergenerational values that will reduce the chance of poverty, and provide for their families will probably give me more satisfaction than riding a Lambo. But that's just me. Everyone's different and I respect that.

polish_aristocrat · 12-25-2005, 06:51 AM

such threads are the only thing i am missing since I almost quit GFY

Alex From San Diego · 12-25-2005, 09:27 AM

Quote:

Originally Posted by Shok

ok noob lets do the math.

so lets say you make 80k a year, thats about $6500 a month.
lets say 2k for a low end lambo a month for lease
you have $4500 left.
Lets say 1500 for rent
that leaves $3000
lets say 500 a month groceries
that leaves $2500 for bills and whatever the fuck you want to spend it on.

Would I want to do that...fuck no but it is affordable you jackass

You are clueless and will always be a broke ass bitch if you think this way. 80k is a fucking joke whether you are single or married.

Shooting_Maniac1 · 12-25-2005, 09:34 AM

Quote:

Originally Posted by Alex

Everyone i know that lives in New Jersey, used to live in New York and couldnt afford it. Shit is that much cheaper there from what i hear.

What a fucking tool. Dude, do you know anything about anything or do you just like to see your name in print? Maybe your just high or something.

I swear you are the most ignorant mother fucker on the board. Have you seen his house? haha! Clueless fuck!

I live in Bloodfield HIlls, Mich! Go look that up and find out what i have moron! haha

Kard63 · 12-25-2005, 09:50 AM

Depends on the price of that Lambo I guess. I would at least need my annual income to match the price tag.

Ray@TastyDollars · 12-25-2005, 11:20 AM

omg LOL!

MetaMan · 12-25-2005, 11:33 AM

if you have to even ask the question, you shouldnt even consider buying it, if you arent a millionaire then why drive around in a lambo? to look cool? i'm not sure some of you peoples thought process.

dont play the role unless you are the role.

xNetworx · 12-25-2005, 11:36 AM

Quote:

Originally Posted by bigdog

is the thing to do in scottsdale to overextend yourself?

Lots of people live on credit here. Mostly new money. Hence, the trophy wives and shit people really can't afford.

cool1g · 12-25-2005, 11:40 AM

i think you'd need to make $150K a year to pay for a lambo and pay all your other bills and not be worried about having enough cash.

someone else posted similar figures above in the thread - i've seen a dealer here in LA offer 10% down and around $1600 per month for a $150K ferrari/lambo. payments are on a 12 year schedule at 8.5% interest. so no question if you want one, its affordable on $150K a year. personal choice is that is the best use of your $$.

as to insurance, my friend has a 2003 Escalade and a 2000 Ferrari 360 and pays $3800 a year here in LA with AAA.

insurance rates can be weird - i pay over $2,000 for my Jag XJR with 370 HP. i've been looking at getting a SL500 and a SL55 and its only $200 each extra per year to step up to each model listed above. so i can insure a $90K car for only $400 more per year than my Jag which is worth no where near $90K.

cayne · 12-25-2005, 11:45 AM

Quote:

Originally Posted by FrankWhite

80k a year to for you afford a lambo ? are you nuts ?

you need to make 150k+ a year to even consider one.

2nd, if you wanna buy it, but I think he's talking about leasing. But I have no clue how much you have to pay for a leased lambo...

polish_aristocrat · 12-25-2005, 11:56 AM

Quote:

Originally Posted by MetaMan

dont play the role unless you are the role.

sounds good

12-23-2005, 02:54 PM	#63
Minte Babemeister Industry Role: Join Date: Jun 2001 Location: Madison Posts: 7,081	Did you get out there PBucksJohn? I just got back from a fabulous run out on the backroads.The Gallardo really likes the cold air.You owe it to yourself to hear the sound of that engine again when it hits about 7k... __________________ You might not be as anonymous as you think you are.

12-23-2005, 03:30 PM	#66
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	the only reason anyone needs a lambo in todays day and age, is so that they can get on GFY and brag about it. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

12-23-2005, 05:01 PM	#73
MrJackMeHoff Confirmed User Join Date: Mar 2004 Location: LOLLIPOP ISLAND =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= Posts: 4,569	the car you buy should be worth about or less what you make per year. Thats why most people drive $20k to $40k range cars.. __________________

12-25-2005, 12:01 AM	#82
rml1608 Confirmed User Join Date: Sep 2004 Location: Central IL Posts: 985	BTW - Making $40K a year ... It's a struggle to pay a $1,000 a month house payment with proeprty taxes included, pay regular every day bills, and that's it.. I do ahve one child and a girlfriend who makes $1500 a month whp pays her own car payment etc.. I don't have a car payment... Those of you who are thinking even $100K could get you a car like that have never owned a house nor dealt with the type of 'ever day' expenses that come up in life on a monthly basis you didnt' expect to run into. __________________ ICQ : 253483920 DICK.IN \| RXAR.COM - ICQ OFFERS

12-25-2005, 05:53 AM	#90
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	I would phrase the question differently: How much assets do I need to have producing passive income that would justify the cost of rewarding myself with a Lambo? Of course, this assumes I already have retirement funds stashed away to guarantee a set fixed income for my retirement years. The numbers will probably vary based on people's values and income/net worth trajectories. Personally, I'd never buy a Lambo, I'd rather put all my 'extra' wealth into founding a free school to help street children from the Philippines get a world-class education. Seeing them go on to get good jobs, lift themselves up from chronic poverty, develop intergenerational values that will reduce the chance of poverty, and provide for their families will probably give me more satisfaction than riding a Lambo. But that's just me. Everyone's different and I respect that. __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

12-23-2005, 11:56 AM	#51
BigCashCrew Registered User Join Date: Aug 2005 Posts: 3,570	fiddy millions

12-23-2005, 12:18 PM	#59
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	I dated a guy who lived in River Edge and grew up in HoHoKus NJ. Driving around that area (and Upper Saddle River) and looking at property just blew away a girl from the south. He had a crappy townhome he paid over $300K for and that was 10+ years ago. But back to the argument - walk into a dealership, fill out the paperwork and they will let you know if you can afford a Lambo or not ;)

12-23-2005, 04:46 PM	#71
Mr Pheer Too lazy to set a custom title Industry Role: Join Date: Dec 2002 Posts: 21,483	I'm a one man operation making $400k+ and I wouldnt consider buying one. But then again, I'm more into bikes and 4x4 trucks.

12-23-2005, 04:48 PM	#72
sfera Confirmed User Join Date: Aug 2005 Location: ICQ: 248877409 Posts: 8,597	300k / year passive

12-24-2005, 11:18 PM	#77
juicyjuice Registered User Join Date: Dec 2004 Posts: 99	my cars together are about 15% of my annual income.

12-24-2005, 11:28 PM	#78
rickdog777 Registered User Join Date: Jan 2005 Posts: 63	This is the most retarded thread I have ever read. I can't beleive someone would say you only need to make 60-80k a year to lease/buy a lambo. I don't know how much you make but here in STL 60K a year isn't shit. With a 1k a month minimum in housing and everything else that you would need there is no way you could afford a 500 dollar a month car payment. Besides you need to have 60-80k a year just to pay for the lambo and it's expenses. A 50K car costs roughly 1000 a month at a good interest rate. So do the math and you will see that it would cost rediculous amounts to afford a Lambo. I say you are a moron if you buy one without making mid 6 figures.

12-24-2005, 11:42 PM	#79
RawAlex So Fucking Banned Join Date: Oct 2003 Location: In a house. Posts: 9,465	Remember that a lambo also cannot be your every day car. It isn't practical to take it everywhere (and the repair bills would kill you if you ran so many miles on it). So you are looking at having maybe an M3 or M5 as a daily driver... so push that number closer to 200k... assuming you haven't just also bought the pimp pad on a mortgage. Alex

12-24-2005, 11:49 PM	#80
rml1608 Confirmed User Join Date: Sep 2004 Location: Central IL Posts: 985	Some of you are on CRACK ... a 2002 Z06 purchased at retail (think it was 56,500) came out to $1600 a month payments with 0% APR for 3 years.. Add in interest, make it a 5 year loan and a $56,000 car will run you about $800 a month. Assuming you are talking about buying a new lambo you are looking at a 1/4 of a million dollar car... $200K minimum. Let's go with $200K You're looking at at least $3,000 a month for a car payment.. Lease payment you are looking at pry $25K down and about $2250 a month - They don't lease lambo's easily either. To live in a pure shit apartment, with utilities.. no cable .. just water and electricity.. Atleast $800 a month ... Insurance for the Lambo - atleast $750 a month $1550 + $2250 = $3800/month to drive a lmbo and live in a shit apartment without any cable, internet connection, etc... Assuming you can get by one $100 a month for food... Makes it $3900 a month ... You are also looking at about $100 a week for gas so $4,000 a month after taxes to LEASE a lambo in a super shitty apartment without net access and $100 a week to eat off of They say a REASONABLE amount of your money to go towards a hosue payment is 33% - anything above that you are living beyond your means. So for a normal lifestyle with that lambo and rent payment you technically need to make let's say roughly $600 for rent and roughly $2250 for car ... $2850 X 3 = $6750 a month And this is if you want to be in a shitty apartment driving a lambo - lol Why Am I rambling so much? I don't know... Anyone driving a lambo who doens't have all of the below A) House worth atleast 1/3 of a million dollars paid off for B) At least one other 'family' or 'sedan' type of vehicle paid off C) At least $250,000 retirement account D) At least $250K in other liquid assets E) Steady Monthly income of at least $30K Will be broke in a matter of years.. I learned about money management the hard way. I doubt you will find many (if any) lambo owners who aren't in at least the above financial shape... Or have rich parents or husbands who pay everything for them (btw the wrich parents will well exceed the above criteria).. What's hilarious though, is many of you really would try to get a lambo to show how big your dick was if you came across $200K a year in steady income I mde those 'sort of' mistakes and although the lesson cost me my ass - If I ever do well again, I will be set for life this time around

12-25-2005, 12:01 AM	#81
xNetworx So Fucking What Industry Role: Join Date: Jan 2004 Location: Whore Island Posts: 14,445	This thread is amusing. If you don't have more than a million is liquid assests and a nice 6 fig net income (min), don't buy a lambo or any non daily driver for over 200k for that matter. If you buy one anyways, move to Scottsdale, you'll fit in perfectly

12-25-2005, 05:26 AM	#85
andrej_NDC Registered User Industry Role: Join Date: May 2004 Posts: 7,760	I prefer to own a car for up to 3-6 months net profit, not more. But its just me.

12-25-2005, 06:51 AM	#91
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	such threads are the only thing i am missing since I almost quit GFY

12-25-2005, 09:50 AM	#94
Kard63 Confirmed User Join Date: Nov 2003 Location: 237 619 975 Posts: 8,944	Depends on the price of that Lambo I guess. I would at least need my annual income to match the price tag. __________________

12-25-2005, 11:20 AM	#95
Ray@TastyDollars www.TastyDollars.com Join Date: May 2002 Location: Montreal Posts: 6,797	omg LOL! __________________ The nets best interracial and cuckold site The nets hottest teen site ICQ me: 161 375 873

12-25-2005, 11:33 AM	#96
MetaMan I AM WEB 2.0 Industry Role: Join Date: Jan 2003 Posts: 28,682	if you have to even ask the question, you shouldnt even consider buying it, if you arent a millionaire then why drive around in a lambo? to look cool? i'm not sure some of you peoples thought process. dont play the role unless you are the role.

12-25-2005, 11:40 AM	#98
cool1g Confirmed User Join Date: Sep 2002 Location: Hollyweird adjacent Posts: 977	i think you'd need to make $150K a year to pay for a lambo and pay all your other bills and not be worried about having enough cash. someone else posted similar figures above in the thread - i've seen a dealer here in LA offer 10% down and around $1600 per month for a $150K ferrari/lambo. payments are on a 12 year schedule at 8.5% interest. so no question if you want one, its affordable on $150K a year. personal choice is that is the best use of your $$. as to insurance, my friend has a 2003 Escalade and a 2000 Ferrari 360 and pays $3800 a year here in LA with AAA. insurance rates can be weird - i pay over $2,000 for my Jag XJR with 370 HP. i've been looking at getting a SL500 and a SL55 and its only $200 each extra per year to step up to each model listed above. so i can insure a $90K car for only $400 more per year than my Jag which is worth no where near $90K. __________________ InterG Media affiliate network (dating, pay per call) EDM Life Affiliates Cash In