Turned 21 yesterday.....Work in Retail Management, just about ALL my extra money goes into Mods.

I got my Evo VIII MR last week, monthly payments are $550, which isn't the worst.

 

21 working for my parents company, will be mine soon. going to school for pharmacist.

 

18 years old and working for the state of Cali in corrections....

 

22 Airforce crew chief on the C-17 for the last 4 years. but im getting out in Dec and getting my A&P licenses for a back-up plan and for my main source of income ill be getting my contracting license so i can take over my dads buisness.

 

US ARMY network admin

 

I am 23 graduating in Dec, with BA construction management.

How much do i have to make an hour to safely pay for a evo9 pricing anywhere from 23-27k??? My credit is fine, never been in debt, never taken out a loan before. It would prolly be a 20k loan, as i have a few grand in bank. Not sure what kind of financing my bank is good for. Just rounded average of most banks.

Oh, and I still live at home. Just wondering what ballpark hourly pay.

im hoping $13 an hour full time would be enough?

 

$20k loan, 4 yrs, 7% interest = $478.92/month
$20k loan, 5 yrs, 7% interest = $396.02/month

I'll assume you're making your own car payments and insurance. Lets assume your insurance will be $150/month.

4 yrs loan + insurance = $628.92/month
5 yrs loan + insurance = $542.06/month

I'll assume now that you take home 70% of what you earn (after-tax, other deductions).

4 yrs loan + insurance = $5.62 per hour
5 yrs loan + insurance = $4.84 per hour

Ok, so now that sounds affordable, right? However, if you're making $13/hour, you're spending nearly half of your paycheck on your car payment and insurance. Now you add in gas, scheduled maintenance, tires, etc., and you're talking that your likely spending over half of every paycheck on your car alone. It may be affordable, but I wouldn't dare say it's fiscally responsible. You get in an accident? You're now spending $500 to fix your car. That's 55 hours of work just to pay your deductible.

I would suggest doing what people making $13/hour should be doing, and buying a car for much less money. With your wage, I would go so far to suggest you pay no more than $10k for a car (hopefully even less!).

 

so 13 isnt enough? ****

 

Security officer at BASF Fina Chemical plant. and i work/build computers on the side.
When i first got the car i was working for a Dentist office as a lab assistant.

 

im 20 and a student, im lucky enough to be in a position where im investing in property regularly to fund my evo, rest of the time its just straight chillin

 

ok, i feel like a total loser reading these posts...i should of went to college

i work at at&t selling cell phones for a retail store

im 24

 

It could be enough, just depends on what your priorities are. If you never buy clothes, eat, move out, save for retirement, save for emergencies, take vacations, etc., I'm sure you could make it work.

 

23 work in sales and make ok money. that being said it is still not easy to afford the evo and i bought it used. I have no idea how you younger guys in school and such afford this car.

you guys in the military how do you like owning an evo with deployments and such(looking to go usmc ocs is why i ask)

 

24, working as an animal surgeon at the Naval Medical Research Center.

As a government contractor, I dont' make a whole lot of money but experience will pay for itself later on.

Planning to go to grad school for M.S. or Ph.D later

 

Now that's a fun job!