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The OP stated they have a car that they are not considering selling.
I missed that. OP keep driving your current car for a while. I don't think it's the best idea when starting your first job to jump out to too many financial commitments right out of the gate. Are you in O&G?
I missed that. OP keep driving your current car for a while. I don't think it's the best idea when starting your first job to jump out to too many financial commitments right out of the gate. Are you in O&G?
Yes, I plan on driving my current car for 12-15 months until I save 12-14k for a downpayment (37-45ish %). I plan on being in O&G. I haven't yet graduated, but the average starting salary with my degree is right about 72k (Its not petE), plan on 80k after bonus. As long as Gas companies continue to higher MechEs I should be starting around there. If the low oil prices cause me not to get a job with them, other companies still pay around 65-70k starting.
Just don't drive like a du**as* please. There are plenty of people in TX with fast high-end/modded cars that drive like Ahats, don't be in their demographic please.
Back to cars, if you are going to FI your car don't purchase the extended warranty, just a waste of 3-4k, the FI mods will decline every claim made under warranty anyway. Good luck and enjoy your new career.
Ya I don't speed and dont race on streets at all. I go to most of the car meets/shows around here, and I seea ton of 6 figure cars on a daily basis. Do you have any idea what the guys who are rolling in Gallardos and F430's do around here?
Ya I don't speed and dont race on streets at all. I go to most of the car meets/shows around here, and I seea ton of 6 figure cars on a daily basis. Do you have any idea what the guys who are rolling in Gallardos and F430's do around here?
Some of them have meets, but I think most with 100k-200k cars race them on old airport runways, some really cool events. For just street stuff I'm not really sure. The place I go for body work and for alignments usually has some high-end cars (Lambos/Ferreri's) but these are just normal people with money. I've seen some really nice GTRs on the roads as well, but I'm not keen on hang outs or anything.
12-14-2014, 05:22 PM
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n/a posts
Quote:
Originally Posted by ct76
Yes, I plan on driving my current car for 12-15 months until I save 12-14k for a downpayment (37-45ish %). I plan on being in O&G. I haven't yet graduated, but the average starting salary with my degree is right about 72k (Its not petE), plan on 80k after bonus. As long as Gas companies continue to higher MechEs I should be starting around there. If the low oil prices cause me not to get a job with them, other companies still pay around 65-70k starting.
Don't do this. By all means save the money up, but don't throw it at a car down payment. Car loans are insanely cheap. Stick that money in some investments and finance the car.
I'd also think long and hard about the release series FR-S. The FR-S itself is a very nice car at a very reasonable price, but the release series looks incredibly obnoxious and might get old rather quickly. When i first saw it, I wanted it, but then I realized I'd get tired of driving around in a bright yellow riced out car and wind up trading it in for something less conspicuous.
Don't do this. By all means save the money up, but don't throw it at a car down payment. Car loans are insanely cheap. Stick that money in some investments and finance the car.
Auto loans aren't insanely cheap for all buyers so the interest rate and cash flow impact should be taken into account
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