Age/Income Poll

[sftateofmind]

Originally Posted by mav1178

Your reasoning assumes a $30k salary can pay for a car.

In reality, a $30k salary is the same as someone gifting you the car... because most loan places would not offer you something competitive with that type of annual income.

-alex

You are making an assumption yourself.

You haven't factored in the situation of the person making $30k a year.

What if they are in a situation where they don't pay much for rent and the rest of their bills isn't much of anything? Affording a BRZ/FRS wouldn't be out of the picture at all. All about how you budget and the lifestyle you live on top of your situation going into buying a car. Unless you make so little where you can't afford a car payment then no, no one is gifting you the car.

[DGM.BRZ]

Originally Posted by mav1178

Your reasoning assumes a $30k salary can pay for a car.

In reality, a $30k salary is the same as someone gifting you the car... because most loan places would not offer you something competitive with that type of annual income.

-alex

Dude that is the most immature statement I have ever heard. I am 25 and make 28k a year and I payed cash for my car which was a brand new 2015 BRZ limited. That was with my money nobody helped me pay for it. Its is called knowing how to live and spend your money to get the stuff you really want in life. I am 100% independent so don't ever insult anybody like that when you don't know their circumstance.

[KevinK121]

Grats to this guy ^

Saving that much would be some sort of will power I can't understand. Again, grats.

[mav1178]

Originally Posted by sftateofmind

You are making an assumption yourself.

You haven't factored in the situation of the person making $30k a year.

What if they are in a situation where they don't pay much for rent and the rest of their bills isn't much of anything? Affording a BRZ/FRS wouldn't be out of the picture at all. All about how you budget and the lifestyle you live on top of your situation going into buying a car. Unless you make so little where you can't afford a car payment then no, no one is gifting you the car.

I am not making assumptions about the person's lifestyle. I am merely stating that for purposes of a loan, making so little on paper makes getting a competitive loan offer difficult, no different than being "gifted" a car or having someone else cosign on a lease.

If someone bought the car cash, it's the same as being gifted the car for purposes of the reasoning laid out in this poll by OP.

Originally Posted by DGM.BRZ

Dude that is the most immature statement I have ever heard. I am 25 and make 28k a year and I payed cash for my car which was a brand new 2015 BRZ limited. That was with my money nobody helped me pay for it. Its is called knowing how to live and spend your money to get the stuff you really want in life. I am 100% independent so don't ever insult anybody like that when you don't know their circumstance.

I'm glad you were able to pay off the car completely. But I wasn't making an attempt to insult you, merely pointing out holes in the poll and the logic behind it.

You paid cash for your car, great. In essence you gifted the car to yourself and you don't have any payments tied to the car....

Again, my point is that the "sub-$30k" argument in this poll should be viewed in the same category as being given the car for free. It completely changes how one's buying behavior is and what they do with the car after it is purchased.

-alex

Edit: my statement was made in context of a bank loan + full insurance coverage.

[Tcoat]

Originally Posted by keithr

Curious -- do the price of goods generally scale linearly with the conversion rate US/CAD? I've had people tell me that the price of certain goods in Canada is much higher than the US after factoring conversion...

This is one of my pet peeves.
You don't convert or count exchange on price alone and try to compare. In Canada a Canadian dollar is worth one dollar, period. You can't say well that would be 80 cents in the US because you are not buying it there.
When comparing prices they are in effect exactly what they appear to be not reduced by exchange rates.
If an item costs $1 and the wage is $10 then any exchange would be applied to both. This means that after exchange the item may cost 80 cents but the wage goes to $8 so proportionally exactly the same.
Soooo.... when we pay $6 a gallon for gas it is exactly the same as you paying $6 a gallon, you do not apply exchange or try to reduce it in anyway.
Not to mention that there are times like a good part of last year where the Canadian dollar is actually worth more than the US one.
Does this make any sense to anybody but me?

[KevinK121]

Makes perfect sense if people don't "tldr"

[ScoobsMcGee]

Originally Posted by Tcoat

This is one of my pet peeves.
You don't convert or count exchange on price alone and try to compare. In Canada a Canadian dollar is worth one dollar, period. You can't say well that would be 80 cents in the US because you are not buying it there.
When comparing prices they are in effect exactly what they appear to be not reduced by exchange rates.
If an item costs $1 and the wage is $10 then any exchange would be applied to both. This means that after exchange the item may cost 80 cents but the wage goes to $8 so proportionally exactly the same.
Soooo.... when we pay $6 a gallon for gas it is exactly the same as you paying $6 a gallon, you do not apply exchange or try to reduce it in anyway.
Not to mention that there are times like a good part of last year where the Canadian dollar is actually worth more than the US one.
Does this make any sense to anybody but me?

Makes sense, although some of us had to learn it the hard way.

[brandonblt2]

Cool there are more people in my age and income bracket than I original thought.

[Stang70Fastback]

I'm actually quite impressed with how even the distribution is overall. Kinda cool. Really makes me want to create a SurveyMonkey with more questions to find out more about the wide demographic!

If anyone would find that interesting, feel free to suggest any questions you would want to see.

[ajaxthebetter]

25, 32k income. I didn't buy my car outright. Just saved up, as I always do, put about 8k down and then just budget and save best I can. It's all in what one wants to afford. I don't drink/drug, etc, like a good deal in my age range. If someone spends even 20 dollars a week on things like that, or doesn't, in my case, then the amount adds up quickly. Extrapolated over the course of a couple years, you have a nice chunk of money.

I also got a good, in my opinion, finance rate of 2.4%. My credit score is good from paying student loans on time, etc.

I desperately want a better job, but it is difficult out there even with a B.A.. Finding it is really about connections from friends/family, etc, which my friends/family don't seem to possess haha.

[DGM.BRZ]

Originally Posted by KevinK121

Grats to this guy ^

Saving that much would be some sort of will power I can't understand. Again, grats.

Thanks man. I wanted this car so for years I never ate out I never spent money on needless crap I always tried to do fun things that didn't cost money like outdoors type things. It was the hardest thing I ever had to do but I did it and now I have the car that I always wanted and still can easily afford all the other bills. Club 86 baby

[KevinK121]

Originally Posted by ajaxthebetter

25, 32k income. I didn't buy my car outright. Just saved up, as I always do, put about 8k down and then just budget and save best I can. It's all in what one wants to afford. I don't drink/drug, etc, like a good deal in my age range. If someone spends even 20 dollars a week on things like that, or doesn't, in my case, then the amount adds up quickly. Extrapolated over the course of a couple years, you have a nice chunk of money.

I also got a good, in my opinion, finance rate of 2.4%. My credit score is good from paying student loans on time, etc.

I desperately want a better job, but it is difficult out there even with a B.A.. Finding it is really about connections from friends/family, etc, which my friends/family don't seem to possess haha.

I got sorta lucky with my job. Had to put school on hold with about 3/4 of my AA complete and took a really shitty temp job in the bmed field. I applied for a job within the company that was relevant to my education after being there for only a couple weeks. I didn't end up getting that job but from my interview process I was recommended for an entry level job that I would have going after when I did complete my AA. I'm 26 and only in the high 30s and with overtime considered the mid/low 40s but I was still able to cut out at least a year of the process getting to this level.

Putting it this way I feel much more fortunate ha. I know with the experience I'll keep going up. We have tuition reimbursement too so eventually I'll have my bachelor's in biomedical engineering.... I wonder what car I'll be shooting for at that point lol

[ajaxthebetter]

Tuition reimbursement sounds like a great program. Problem with my education is that it centers around a more creative/ subjective field. English degree, so I could probably be a teacher, but I hate public speaking, haha. Guess I'm one of those people who would rather die.

It's weird, I have had fiction stories published and yet can't find a job that suits my liking, or the few I've applied for that I'd want to do kind of dismiss me instantly. Usually want 3-5 years experience, which is hard to quantify in terms of writing quality. I personally weigh publsihed fiction greater than years in field, yet I understand companies decisions to not take chances on unproven applicants. Guess I'm just holding for a job I really want/ waiting to see how my creative writing efforts evolve over time. For now, I work a manual labor job which challenges neither body nor mind so as not to compromise my more lofty goals. Sure my boss would love to hear that....

[enjetek]

i cant vote since theres no option that corresponds to meeeeeeeeeee