Quote:
Originally Posted by 86fann
2013 used BRZ
I have a 2010 ford fusion thats all paid off and i can get about $7000 in trade in value.
My current monthly expenses are $250 for rent, about $30-50 for utilities, $87 cell phone, $120 for students loan bill. I just started working in IT and i make 31k a year before taxes. I got an insurance quote for $184 from progressive.
Should i jump in or not?
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After taxes you're making ~ $2000/mo. After all bills listed, including progressive, you're left with ~$1300/mo. add into that fuel and food / groceries, you're about $900/mo
My used 2013 is $286/mo (I paid $21,151 after all gap, added warranties)
so let's assume high, $350. That leaves you $550/mo
As long as you aren't swimming in debt and can manage finances well enough, I'd say you could afford it. My resoning: I afford it on $1500/mo income with $350/mo rent. only difference is my insurance will be $145/mo since I am changing companies from state farm ($175/mo currently)
ALL THIS SAID::: Buy for you. If you want it, you should work to get it. If you only think you want it, you should stay car payment free and buy a puppy, or go kart, or small etheopian child to make use of the money.
Hope the information helps