+1, buy a $2k car to deliver pizzas in; keep the BRZ for the weekends!

I think that the roof panel is aluminum - not magnet able - or, not?

How about because they should use half of that money to help out with the mortgage, utility bills, maintenance and only use half toward a base Civic?

Why is that? My parents are in a financial situation where they are far from needing help from me. I have asked if they need/want any money from me and they say no. I even asked if they were OK with me buying this car or would they prefer me to move out first. I pay everything on my own and live here rent free because I am fortunate enough to be in that situation.

I hate the term but it really seems like a "haters gonna hate" attitude when it comes to people who have parents that give them money or help them in some financial way.

While we are using terms I hate, YOLO

A decent pizza delivery guy usually makes about 15 hr, half of which is cash. They can afford it.

This might have been said already but everytime I wanted to get a second job (usually part-time at minimum wage) after I figured how much I'd be making, it was almost never worth my time.

I just wanted extra money.

I'd say if you want to make extra money (and don't need to work a second job), find a hobby (like photography, or computers) and start from there; charge people for your services.

I agree with you. I wasn't fortunate enough to have parents who were financially well off when I was growing up. Now that I have kids and I am financially well I will support them until they are able to get on their own two feet.......

That doesn't mean they won't get their own little part time jobs or help around the house...that is expected....

Like my man from Friday said:

"Around here, you go to work or go to school. First of the month, the rent is due. You ain't got nothing on the table, you ain't gotta worry about catching a dog. You gotta worry about a dog catchin' yo ass!"

This thread is now about how shitty Papa Johns pizza is because, damn man, it's REALLY shitty.

Papa John's you say?

http://i.imgur.com/GJ0a2.jpg

Yes, and the qualifications to get those loans was much more strict back then. Handing out loans like they were candy to people who the banks knew damn well would default on was the the fault of Congress and the Consumer Reinvestment Act('92, '95 changes), NOT coincidentally right after the dates you posted.

The rock bottom low interest rates you see on homes and cars directly results in 110% worthless savings accounts. People used to actually make money in a savings account. 3% is pathetic, yet today that is a world marvel of an APR if you're lucky enough to score it. 1% is uncommon. .05% is common.

The other guy had it right, people themselves ruined the economy with their idiotic purchase decisions(namely housing) and it had a snowball effect. Just because the bank offered you a loan for a $250000 home with a $35000 income does not mean you can afford it. That's what happened to tons of people, they accepted the loan and the APR changed(per the contract!).

You can't fix stupid.

lol thanks for the chuckle. i thought it was a guy i know for a second :lol:

$15hr, thats money? This is a BRZ thats being bought not a 240sx.

That's exactly what I said, 1992 and 1995 is the 90's isn't it? Congress and Clinton. Fast forward 10 years and the the problem had ballooned out of control. It was brought to the attention of Congress and those in charge of the institutions said everything was fine. Would you like to see the video of their lips moving/lying before the crash?

Low APR on HOUSES and CARS yes of course. Banks make less money from the big loans, so they lower the % they pay YOU with your savings account. That's how it always worked. High home APR, high savings rates, low home APR, low savings rates. How else would it work?

The down payment is also what screws everyone over. In the '70's and '80's people put significantly more down on both cars and homes. That changed too, now you can put as little as 3.5% on a home...zero on a car.

I make $14 an hour and I can afford my FR-S. I live at home, but hey, my parents don't mind and I'll get a better job pretty soon, hopefully, so it won't matter much longer. I even pay rent, cheap rent, but rent no less.

What I don't understand is that the car was priced in the mid range between previous and current sport production vehicles. Yet everyone acts as if you have to be "well off to afford it". I believe it's priced for the middle class, which is the category many fall in.

I enjoyed reading this thread, its very interesting reading peoples take on finances.

Look at some of these people that buy stuff they can't really afford and instead of getting rid of some of their recurring debt they look for a second job. To me my time is worth more to me than minimum wage working a job I hate.

I had a friend who bought two motorcycles, a four wheeler, had a car payment, rent, and a big f250, all of which were on installments. He worked so much to barely make ends meet he never had time to enjoy his toys. Ignoring all good advice he choose to try to keep stringing the payments along until everything was repo'd.

Get in over your head with debt, sell your shit!

finally on topic :party0030:

still need a 86 though

Let's do some math shall we.

$15 x 40 hours = $600 a week

Government takes about 25% for income tax (depends on bracket though):

After tax, we get:

$600 x 75% = $450

To keep things simple, let's say there are 4 weeks in a month.

$450 x 4 = $1,800 a month is your monthly income.

Now, I hope you are a fiscally smart individual and will save at least 10% of your paycheck.

$1,800 x 90% = $1,620.

MSRP of FR-S: $24,930

I know some states have no tax, but in NJ there is 7% tax. So let's take the median of 3.5%.

$24,930 x 103.5% = $25,803

Per finance.yahoo.com, average auto loan interest rate is 3.65%.

Let's suppose you finance the full amount, monthly payments with that interest rate for 60 months will make your monthly payments $472.

$1,620 - $472 = $1,148

Depending on your insurance, you could possibly pay anywhere from $50 - $200 a month.

Let's take the higher rate.

$1,148 - $200 = $948

Now let's add in another allowance for gas. Current U.S. average is $3.613 for premium conventional per www.eia.gov.

Let's use the 3,500 every 3 month per oil change recommendations. That makes 1,167 miles a month at $3.613 and assume you get 30 mpg.

That means you pay $123 a month on gas.

So now we are down to roughly $825 a month.

If you have any other expenses (phone, rent, utilities, etc.), then you will go down even further. Also add in things like going out and other activities/hobbies that you might have. Can you make ends meet? Probably. Is it the smartest decision? I personally don't think so. :iono:

At the end of the day, it's your money do what you want.


:coolpics:

Be nice! :paddle:

I didnt factor in the concept of someone buying a new car but not living independently... sorry for being the 'just stupid' one here.

$15hr aint shit for a good living, especially around my parts.

Priorities I suppose. In college, I was living on that $825/mo, and not really poorly, just like a college student. I agree that $15/hr is not much (hell, I wouldn't have bought this car when I was making $27/hr). My perspective is rather skewed though, and I have an expensive racing habit to support. If I was only making $15/hr, I sure as hell would get the 240sx + motorswap, and put the rest towards tires and having fun with aforementioned 240sx. Even now, I see buying a new car for $30k a rather great indulgence...I wouldn't even consider buying a car that is 80% of my yearly salary. Seriously, take that money and invest it...http://personal.fidelity.com/toolbox...h/growth.shtml (since this has already well derailed from a pizza-86). A car will only lose the money you put into it.

I think some of you missed the point of half of that 15 hr being cash. Now I'm sure we would all like to think its all being reported but it isn't.

Hey, I see lots of people with low-paying jobs driving nicer cars than me.
And i'm a doctor. Just sayin.

I love how a thread about delivering pizzas turned into yet another financial discussion. :bellyroll:

Yeah, there is a specific option for reporting tips on income taxes. So what you are suggesting is still illegal.

Yes in finance terms a car will only lose value, if you're number one concern is making good financial decisions you will never buy a new car.

I personally value experiences, traveling, outdoor activities, team sports, friends, and yes, driving a new BRZ which I love. If I were in any job, pizza delivery or other that required routine driving, I would absolutely buy this car all over again. That being said, I think work has to pay per mile to cover maintenance or provide you with a delivery vehicle, my 2cents.

I like you. Hey guise! This guy knooowwss

Lol!

http://i.imgur.com/vqYuG.gif

When did this become a moral dilemma? It doesn't change the facts or the point. I don't think too many people give a shit about the pizza guy reporting all his tips, or the hair dresser, doorman, taxi driver, stripper or waitress.

Btw I'm pretty sure just about everyone on this forum breaks the law in their cars at least once a day. What's your point.

I had a pizza job 5years ago I was making 10$/h cash plus tips and I would only work about 5-6 hours a days and I was making around 150-200 per day... But I was using 1996 cavalier... Would I use a brz/fr-s
For te job never in a million years... Jobs like these you abuse your car in the worst ways I find. I personally feel that if you have to use your own car and gas to make money... Is just not right business if you 16-18 fine take the job but 16-18 wouldn't be driving a brz/fr-s. if je is then his selling some stuff on the side... Lol anyways that was my 2cents

$150-200 a day!? That's good money for being a pizzaman.

Yes but thinking about it, there's was no tax invole... And I was a student in that time so I didn't get rape by taxes

Back when I delivered pizzas I was making $70ish a night in pay and another $50-$150 in (under the table) tips.

Take home pay on a good day was close what I make now as an engineer after taxes and benefits... Averaged out to far less due to unreliable hours though.

Definitely doable to buy a car like this on pizza boy pay, provided you don't have a lot of other bills.