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-   -   Lambo and income question (https://gfy.com/showthread.php?t=555814)

Doctor Dre 12-25-2005 11:57 AM

100x lambo buyers
sponsored by topbucks

polish_aristocrat 12-25-2005 11:57 AM

dr Dre :mad:

Doctor Dre 12-25-2005 11:59 AM

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.

Exactly ... better drive a civic and have a pimped out house... so she won't come out of the bed ;)

fraggle 12-25-2005 12:00 PM

Quote:

Originally Posted by Alex
Better question, who LEASES a Lambo. In the three year lease, you will spend more than the actually value of the car, and end up with nothing.

Its good for tax if you are a director. Lease it on the company and write it off against tax.

That being said you are a bit nuts if you lease a Lambo on 80 k (usd) a year,certainly not enough to keep the society of other owners

Doctor Dre 12-25-2005 12:02 PM

Quote:

Originally Posted by Alex
Thats what we call "Hood Rich" here in L.A

Driving a Lambo and paying 1500 for rent.
$1500 for rent *might* get you a decent 250-500 sq.ft STUDIO in a nice part of town.

For that here you can get a good 2000 sq feet house... and not a ghetto one.

juicyjuice 12-26-2005 01:43 AM

i can be ok with spending xx% of this years income on a car.,.... my problem is that i dont know what upcoming years income will be..

pornmonger 12-26-2005 05:08 AM

Unless the cost of the lambo is 10% of your net worth, you are N*ggerrich!!!

slapass 12-26-2005 06:29 AM

Quote:

Originally Posted by fraggle
Its good for tax if you are a director. Lease it on the company and write it off against tax.

That being said you are a bit nuts if you lease a Lambo on 80 k (usd) a year,certainly not enough to keep the society of other owners

Try that and let me know how the audit works out for you.

Quotealex 12-26-2005 07:26 AM

Quote:

Originally Posted by slapass
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.

You guys are lucky with just 40% taxes. Here in my woood, 40% is what's left on your income after paying the governments share of various taxes and social benefits :1orglaugh

Quotealex 12-26-2005 07:38 AM

Quote:

Originally Posted by $5 submissions
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.

That is socialist talk. In Amarica, it's all about looking out for number one: Me, Myself and I :winkwink:

GTS Mark 12-26-2005 08:25 AM

I would guestimate that if you're making $300,000 a year it would probably be in the realm of affordability.

I don't know too many guys owning Lambos that make 60-80k a year LOL!

DH

Peaches 12-26-2005 11:24 AM

Quote:

Originally Posted by Young
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? :1orglaugh :1orglaugh

HOLY SHIT - you must be under 25. That's outrageous.

gangbangjoe 12-26-2005 11:28 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.


lol

more like 500k

seeric 12-26-2005 11:31 AM

fuck that, you can buy two condos for that and rent them out plus gain equity in those condos. cars are a waste of money.

polish_aristocrat 09-02-2006 02:30 PM

nice thread

wedouglas 09-02-2006 02:54 PM

I'd say you should be making a secure 400-500K a year and have atleast 500K in the bank. Of course, that is a little lower if you are getting a Gallardo. Big diff in price between the Murci and the Gallardo.

nba4life2k 09-02-2006 03:28 PM

Livin it up HOOD RICH NIGGS

NyLoS 09-02-2006 03:30 PM

one million I think

timberlands 11-30-2006 07:01 AM

Quote:

Originally Posted by Minte (Post 8914563)
Based on maintenance,insurance and you'd have to have at least one other vehicle for a daily driver I'd say at least 200k gross annually.

uhmmmmmmm no.

Insurance is NOT 10k a year on a lambo and you do not need to be making 150k a year to afford one and you do not need any other car for a daily driver.

A Gallardo is considered a daily driver. Insurance is no more than $3k a year and you can get a 2004-2005 model for around $130k

Of course this is all mute if you're some 18 year old.


Quote:

I'd say you should be making a secure 400-500K a year
you're a complete idiot

timberlands 11-30-2006 07:08 AM

http://www.classicins.com/quote1.asp

You are quoting 1 vehicle(s) in CT.

Vehicle #1) 2005 Lamborghini Gallardo
Valued at $150000.
Driven no more than 5000 miles annually.
Deductible for this vehicle: $500
Coverage includes comprehensive and collision.
Comp/Coll premium for your 2005 Lamborghini Gallardo $3375

Liability Limits (for all vehicles)
Bodily Injury Liability Limits 20/40 $38
Property Damage Limits $100000 $22
Uninsured/Underinsured Motorist Limits 20/40 $17
Personal Injury Protection $5000 $13
Total $90

Your total annual premium is:
$3,465

Ross 11-30-2006 07:16 AM

150K per year in the USA and you can afford a Lambo. In the UK you'd need to earn at least £200K per year. Our insurance prices are insane. Plus over here you just don't own a Lambo. I saw one driving through my town a couple months ago but apart from that I've never saw one before except at car shows.

stickyfingerz 11-30-2006 07:20 AM

Quote:

Originally Posted by timberlands (Post 11420310)
uhmmmmmmm no.

Insurance is NOT 10k a year on a lambo and you do not need to be making 150k a year to afford one and you do not need any other car for a daily driver.

A Gallardo is considered a daily driver. Insurance is no more than $3k a year and you can get a 2004-2005 model for around $130k

Of course this is all mute if you're some 18 year old.




you're a complete idiot

Hmm pretty sure Minte DOES own a Lambo.....

V_RocKs 11-30-2006 08:25 AM

Quote:

Originally Posted by Shok (Post 8914730)
ok noob lets do the math.

Lets say 1500 for rent

lets say 500 a month groceries

$1500? And live in Pomona, California renting a 2 bedroom house with 1 bath and dogging bullets?

If you are driving a Lambo, you are going to park it where? Your apartment? HAHA... What a fucking a-hole...

$500 for groceries? I spent that much when I eat out...

Minte 11-30-2006 08:38 AM

It was fun to read this thread again.
Now that i've had my Lamborghini a year,i'm in a better position to talk about ownership.So far,it's been totally reliable.I did about 5k miles on it and beyond the initial first service and oil change I haven't had to spend anything additional on it.Tires will need to be changed sometime next year.I think I might get 8-9k on them.But as far as using it for a daily drive.I wouldn't for a lot of reasons.
Porsche would be a much better choice for a daily driver.

I think it would be extremely difficult to impossible to own any exotic car on less than a 6-figure income.

bDok 11-30-2006 09:01 AM

Quote:

Originally Posted by Rinaldo (Post 8914566)
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.

you don't take her home. ya get head in the car then drop here off at the next stop sign. vrrrrooommmm :thumbsup :pimp

ajrocks 11-30-2006 09:17 AM

To lease a car that costs over 200K you need to be making 400K or more.

Rochard 11-30-2006 09:38 AM

Quote:

Originally Posted by Shok (Post 8914528)
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.

If everyone making $80k a year could afford one they would be selling Lambos like hot cakes!

There are so many other things you need to look at:
  • Insurance
  • Tires
  • Tune Ups at $800 a pop
  • Cost of gas

And the biggest thing you aren't considering is the fact that this isn't a daily driver. You don't just turn the key, hit the gas and go. To properly maintain the car you need to let it warm up. This is the kind of car you take out once a week.

With that in mind, you need a daily driver. You can't own a Lambo and have a used Honda Civic as your daily driver; You'll need something nice to drive on a daily basis.

Rochard 11-30-2006 09:42 AM

Quote:

Originally Posted by Minte (Post 11420789)
It was fun to read this thread again.
Now that i've had my Lamborghini a year,i'm in a better position to talk about ownership.So far,it's been totally reliable.I did about 5k miles on it and beyond the initial first service and oil change I haven't had to spend anything additional on it.Tires will need to be changed sometime next year.I think I might get 8-9k on them.But as far as using it for a daily drive.I wouldn't for a lot of reasons.
Porsche would be a much better choice for a daily driver.

I think it would be extremely difficult to impossible to own any exotic car on less than a 6-figure income.

Post pictures already!

hydro 11-30-2006 10:15 AM

If you lease you should be able to have 250k in available funds at any given time, if you outright buy it 1m in cash. Remember that 250,000 is a lot of money but at the same time its not THAT much money.

salesman 11-30-2006 10:25 AM

i would buy one when i would make 6.000.000usd/year

tiger 11-30-2006 10:26 AM

Wouldn't even consider it unless I was making at least a couple million a year.

Minte 11-30-2006 10:27 AM

Quote:

Originally Posted by Rochard (Post 11421095)
Post pictures already!

Rochard is absolutely correct,it's essential to have a good daily driver to go with a Lamborghini.

http://www.mintesbabes.com/gfy/e55amg02_800.jpg

http://www.mintesbabes.com/gfy/lambo18_800.jpg

MediumPimpin 11-30-2006 10:29 AM

Jesus you mean for the 2k a month on my lease I could have had a Lambo, well fuck me up the ass and call me Nancy!

timberlands 11-30-2006 10:43 AM

Quote:

But as far as using it for a daily drive.I wouldn't for a lot of reasons.
Porsche would be a much better choice for a daily driver.
http://www.pistonheads.com/doc.asp?c=47&i=8404

Quote:

The Daily Driver

Yet, despite the sports suspension setup, despite the 19-inch rims, this is a very comfortable car to ride in. You can truly live with this car on a day to day basis, even in winter, if you had to.

I really can imagine someone having both these cars in their garage, the Gallardo for everyday use, and the Murcielago for when you want to blow your head off.

The Gallardo is a supercar that was built for daily driving and if you are not driving it at least once every second day you are ruining it. Ask any professional mechanic. Cars like this need to be driven regularly in order to keep their parts in working order.

Psycho_x 11-30-2006 10:45 AM

At least 80-90k.

Slick 11-30-2006 11:12 AM

Quote:

Originally Posted by Minte (Post 8915137)
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. :)

rofl, ha ha ha, yeah, Minte knows :)

Minte 11-30-2006 11:14 AM

Quote:

Originally Posted by timberlands (Post 11421486)
http://www.pistonheads.com/doc.asp?c=47&i=8404




The Gallardo is a supercar that was built for daily driving and if you are not driving it at least once every second day you are ruining it. Ask any professional mechanic. Cars like this need to be driven regularly in order to keep their parts in working order.


Like I mentioned,I put over 5k on it the first year.I drive it all the time the way it was designed to be driven.I just wouldn't use it as a daily.It's very low to the ground,it has no storage room at all.It's not an easy car to get in and out of.
The car draws way to much attention.The Porsche fits in a lot better.In all the years I've owned 911's,they have been photographed once or twice.In the year of owning the Lamborghini it's been photographed 100's of times.The downside of all that attention is that a lot of it takes place on the road at higher speeds.

Slick 11-30-2006 11:15 AM

I think that once the kids are out of the house, I'll consider jumping on something nice like that. I'm a family man and one everyday vehicle has to be my Ford Expedition and my second vehicle has to be a truck for towing my camper around, so I got my 2005 Ford F-350 Harley Davidson Quad-Cab truck, that's my baby :)

Minte 11-30-2006 11:24 AM

Quote:

Originally Posted by Slick (Post 11421756)
I think that once the kids are out of the house, I'll consider jumping on something nice like that. I'm a family man and one everyday vehicle has to be my Ford Expedition and my second vehicle has to be a truck for towing my camper around, so I got my 2005 Ford F-350 Harley Davidson Quad-Cab truck, that's my baby :)

You've got the perfect roads up there for one, Slick.

Good to see you posting again.:thumbsup

SomeCreep 11-30-2006 11:29 AM

Quote:

Originally Posted by bigdog (Post 8914514)
How much do you think you would need to make a year before you would decide to buy a lambo?

There are cool people who drive lambos and uncool people who drive lambos. The cool people are those making $1M+/year and can afford the lambo no problem. The uncool people are those making $50k - $200k/year who drive a lambo even though they cant afford it and basically end up making payments on it equivalent to the mortgage on their house.

Khun 11-30-2006 11:31 AM

Screw the lambo, get an Ariel Atom. It will flat out smoke any lambo and probably turm as many heads, AND is under $80k for the fully tricked out, carbon fiber model.

Nubiles 11-30-2006 11:45 AM

Dont look at it as how much income per year, look at it like this:
1. pay off all your debts including your mortgage for your house
2. have at least 500k/ 1 million in retirement / investments.
3. Now you can consider an expensive car toy

Jason 11-30-2006 12:25 PM

this is very very simple..

my wife works for an exotic car dealer.

if you need to ask yourself if you can afford it.. you can't.

buy some land.

woj 11-30-2006 12:51 PM

Unless you are already set for a life (have a few million saved up)... it would be stupid to piss away that kind of money away on a car...

emthree 11-30-2006 01:02 PM

Why does everyone allways try to play rich and act like an expert?
GEEZ

Cyndalie 11-30-2006 01:38 PM

Quote:

Originally Posted by emthree (Post 11422427)
Why does everyone allways try to play rich and act like an expert?
GEEZ

Minte happens to be both :winkwink:

s9ann0 11-30-2006 03:08 PM

just borrow the money, a lambo is a nesescity for any GFY'er!

Star 69 11-30-2006 03:15 PM

300k a year to buy a Lambo

Verbal 11-30-2006 03:22 PM

Quote:

Originally Posted by Drunkspringbreakgirls (Post 11421940)
Dont look at it as how much income per year, look at it like this:
1. pay off all your debts including your mortgage for your house
2. have at least 500k/ 1 million in retirement / investments.
3. Now you can consider an expensive car toy

Yup ... that's the goal. Well said.

I guess I could afford a Lambo, but I'd have to live in it.

Reprobate 11-30-2006 04:35 PM

Quote:

Originally Posted by juicyjuice (Post 8923786)
my cars together are about 15% of my annual income.

Yeah me too. Which is why my car is a piece of shit. :thumbsup


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