Financing

[ashtray]

With the amount of time Toyota's been teasing us on this car, everyone will probably have full cash price saved up!

If the dealer offers you a better price if you finance, just pay off the loan early. Interest rates on savings accounts are almost 0. Stock market is dicey. Probably best to not carry a loan - but you could always pay half in cash, keep $10k in the bank, and finance the rest over 3 years. You'll never be upside down on it, and payments would be affordable.

[suprachica79]

Originally Posted by ashtray

With the amount of time Toyota's been teasing us on this car, everyone will probably have full cash price saved up!

If the dealer offers you a better price if you finance, just pay off the loan early. Interest rates on savings accounts are almost 0. Stock market is dicey. Probably best to not carry a loan - but you could always pay half in cash, keep $10k in the bank, and finance the rest over 3 years. You'll never be upside down on it, and payments would be affordable.

We have the same philosophy. Money markets aren't good right now, cd's are at a lower ROI than the interest rate on the loan, there really aren't a lot of places to put your money right now that would net more money than you would pay in interest if you took a loan out so it may be better to pay it outright. I'll be putting a large chunk down and then getting a loan for the rest as I don't make the kind of money as many do on here and I have over $130k in student loans.

[Giccin]

Originally Posted by suprachica79

We have the same philosophy. Money markets aren't good right now, cd's are at a lower ROI than the interest rate on the loan, there really aren't a lot of places to put your money right now that would net more money than you would pay in interest if you took a loan out so it may be better to pay it outright. I'll be putting a large chunk down and then getting a loan for the rest as I don't make the kind of money as many do on here and I have over $130k in student loans.

Sounds like me in a couple of years. Lol

[tranzformer]

I will put some money down and have a trade in. However I will finance most of it if interest rates stay as low as they are, 1.99%. You can easily beat that by investing conservatively.

[tranzformer]

Originally Posted by Giccin

Sounds like me in a couple of years. Lol

Hey me too! Hope you guys are in a field where you can pay it off easily.

[suprachica79]

Originally Posted by tranzformer

Hey me too! Hope you guys are in a field where you can pay it off easily.

Have been graduated for a year and a half and still can't find a full time job. Going back for my MBA because I have a degree in pharmaceutical business and it will come in handy but for now, I can't find anything anywhere, it's pretty bad. Going to a private college was the worst mistake of my life, hands down.

[CyberFormula]

pharmaceutical business, i think bodybuilding.com may have job opportunities..but they are located in Ohio.

[Giccin]

Originally Posted by tranzformer

Hey me too! Hope you guys are in a field where you can pay it off easily.

I hope so too. I keep hearing that unemployment in the US in 2012 is going to hit 48%. Thats a huge number.

Originally Posted by suprachica79

Have been graduated for a year and a half and still can't find a full time job. Going back for my MBA because I have a degree in pharmaceutical business and it will come in handy but for now, I can't find anything anywhere, it's pretty bad. Going to a private college was the worst mistake of my life, hands down.

Have you tried opening up a pharmacy shop of some sort? Or is that just going to cost you more?

I know that medication (pills) are costly as F in the U.S and in other countries not so much. I'm think since you've gotten a degree in pharmaceutical business you probably had to take a Health Care system class right?

There's a huge profit margine in that business since each pill runs for 10-15$ each When making so many (mg) of them costs as little as $50 for 200 pills. Some people take a lot of pills and some people take few; regardless of how much people are taking you're making money. Since insurance companies are paying for people's pescription anyone in the high ranks of the P.B make the cost of each pill and drug that gets sold around all of the U.S. Best bet now is since all of the baby boomers are getting old and the people making under $30k a year have declining health issues due to either - as stated - age or tough working conditions... you're bound to make money.

[suprachica79]

Originally Posted by Giccin

I hope so too. I keep hearing that unemployment in the US in 2012 is going to hit 48%. Thats a huge number.



Have you tried opening up a pharmacy shop of some sort? Or is that just going to cost you more?

I know that medication (pills) are costly as F in the U.S and in other countries not so much. I'm think since you've gotten a degree in pharmaceutical business you probably had to take a Health Care system class right?

There's a huge profit margine in that business since each pill runs for 10-15$ each When making so many (mg) of them costs as little as $50 for 200 pills. Some people take a lot of pills and some people take few; regardless of how much people are taking you're making money. Since insurance companies are paying for people's pescription anyone in the high ranks of the P.B make the cost of each pill and drug that gets sold around all of the U.S. Best bet now is since all of the baby boomers are getting old and the people making under $30k a year have declining health issues due to either - as stated - age or tough working conditions... you're bound to make money.

I don't want this to come off cocky or anything, but you have no idea what the pharma industry is like lol. If it were that easy, everyone would be doing it. It costs about $1 billion, no thats not a typo, to bring a drug to market. And drugs cost alot more here due to our regulations from the FDA.

And if you mean open my own pharmacy, small stores are almost no competition for big retail chains such as CVS and Walgreens. And I'm a 23 year old kid, no way I could get the capital, let alone want to, open my own pharmacy.

[Giccin]

Originally Posted by suprachica79

I don't want this to come off cocky or anything, but you have no idea what the pharma industry is like lol. If it were that easy, everyone would be doing it. It costs about $1 billion, no thats not a typo, to bring a drug to market. And drugs cost alot more here due to our regulations from the FDA.

And if you mean open my own pharmacy, small stores are almost no competition for big retail chains such as CVS and Walgreens. And I'm a 23 year old kid, no way I could get the capital, let alone want to, open my own pharmacy.

I know. Very little. I'm not doing what you're doing. I'm going off what I pick up from other pharm students and H.C.S classes that I was required to take.

<-- (studying to become a neurologic diagnostic radiologist)

Just a little concerned that your huge debt is going to drag behind your feet for a very long time. 130k is a buttload of money.

One of your other choices - aside from going back to school for your MD - is going to another state, but that's highly unlikely.


Side note: Did you have to take a Health Care Systems class? I felt like I was being a little too... passive-aggressive when I made my statement. Haha

[suprachica79]

Haha, yes I took courses in health care delivery, health care management, health care finance, pharmaceutical marketing, along with the science courses like biochem, organic chem, pharmaceutics and pharmacology. 130k will drag me down for 30+ years, trust me, I'm fully aware of how screwed I am. I went to school to be a pharmacist and slacked, so it's all on me.

[RRnold]

My goodness, 130K in student loans! Damn, that is insane!!!

I've contemplated studying IP law and even scheduled to take the LSAT but one of the drawbacks were the student loans. The thing is you have to pay them back no matter what, no chapter 7, 13, etc.

Suprachica, you are definitely in the right field since drugs will always be in need regardless of how many clinical trials it takes before it hits the market. I really feel really sorry for the recent grads who are unable to start their career yet have to pay back those student loans.

[suprachica79]

Originally Posted by RRnold

My goodness, 130K in student loans! Damn, that is insane!!!

I've contemplated studying IP law and even scheduled to take the LSAT but one of the drawbacks were the student loans. The thing is you have to pay them back no matter what, no chapter 7, 13, etc.

Suprachica, you are definitely in the right field since drugs will always be in need regardless of how many clinical trials it takes before it hits the market. I really feel really sorry for the recent grads who are unable to start their career yet have to pay back those student loans.

Thanks for the kind words, some days it feels like it's a doable task to pay those back, other days it feels like I'll never be able to handle it. You're not supposed to pay more than 10% of your monthly gross income on monthly student loan payments. Well mine will be $800 a month for 30 years, so that means I should be making $8000 a month gross, I'll be lucky if I can find a job right now that grosses $3500 a month. And that's if I find a job, which I haven't been able to for over a year and a half now.

It's also a large misconception that pharma is the right field, it's not. The drug boom is over, there are tons of drugs on the market and most new drugs are no better than the drugs currently on the market, so drug companies aren't hiring like they used to. And when they are, it's people with experience.

But enough about my sorry life! Back on topic - I'd go good sized down payment, loan for the rest

[n2oinferno]

I think the "right" field always seems to be the wrong field when you're looking for a job. It took me a while to find a job in IT, and I only have what I have now because of who I know. Still don't make nearly enough money, always looking for something better. And although I have less than 10k in student loans I had to go and get myself a mortgage as well, haha. At least now I have a house for my kid to grow up in though. Oh well, worst case scenario is I buy something really cheap that I can thrash, wait till the wife's Camry is paid off in a couple years, and then I can go toy shopping.

I did work for Pfizer for a while, actually contracted as IT to one of their manufacturing plants. At the time I had access to their company forums, which didn't have trade secrets or anything but a lot of discussion among scientists and high-ups in the company. It seems like they do have new stuff trickling out, but the big push is combating generics and pointing out that the same active ingredients don't mean bioequivalence.