Salaries of GTR drivers

[Chevrole+]

sorry for everything in the last post being slammed together. when i get on a roll, what can i say. :/

[garcmol]

GTR owners need love too



Forum member phillip944. Great guy, didn't ask what his salary was or what he paid for his car though.

[Xedes]

Originally Posted by Chevrole+

all honesty here...i am 20, my bills, including my car payment are about about $1.2k a month. thats $14.4k a year. That's me alone. The girlfriend (been with 6 years), is about the same. We pay our bills seperate. Now, say I make 2,400 a month. that's $15k I could save a year. Plus hers! take a little out for vacations every year. If we were to save for 2 years and spend an extra $10k combined. Thats still 40k in 2 years!! It could happen if you don't live way above your needs. I think alot of people need a lesson in that now a days anyways. Taking out loans for things they will never be able to afford, and banks approving it. While some people can't get a simple loan and make it in a month because noone was paying theirs back in the first place!!!

That's a pretty broad stroke your using. Does your 1.2k in bills include mortgage, insurance, property tax, medical expenses, food, gas and condoms (because NOTHING throws off a budget faster than kids). Also what about money you put aside for investments or retirement? I think once you go through your budget with a fine point pen you'll realize just how much you didn't consider when you figured out how much you could save.

When your done with that, go look in the GTR forum and see how many hoops you'll need to jump through in order to keep your warranty from Nissan. If you think you'll save some money by doing maintenance yourself, forget about it. So you'll also need to budget the cost of ownership.

[eggydoo]

I have known some people in their 20s driving $80k+ cars...living at home with the parents with no bills besides their car and whatever they spend.

Would I want a $1500 car payment? No, to me its not worth it as I wanted to save up for a house, go on vacation, etc. But to some people, they decide to spend all their money on a car. It's their money and life, i'm not gonna judge or tell them how they should save up for retirement

I've worked with 40+yr old coworkers who don't even have a retirement fund.

[RiCorvette]

Originally Posted by WheelmanSS

It's the only way to fly.

Don't you mean the Mile High Club?

[Russo]

my salary is in the 32k range with no bills, a GTR would be something i would consider buying... no matter how i cut the cards, i always end up deciding between the GTR and 13 GT500

[CamaroSkooter]

Originally Posted by kiteman

Remember this is household income of 200k, so that's 2 people @ 100k each essentially. A 100k salary and a 100k car is a whole, whole lot unless you live in an extremely cheap city or town.

I don't see how that's relevant... Income is income, whether it's one person earning it or two.

Granted, if two people are earning it, the second probably also needs a car, but who's to say the second person doesn't already have a vehicle that's completely paid off?

Plus, they could swap cars every once in a while. Today one drives the beater, the other drives the supercar.

And if the household is earning $200k, you could probably afford to buy a GT-R as well as an SS Camaro at the same time. And to call a Camaro SS a beater doesn't sound like too bad of a sacrifice

[kiteman]

Originally Posted by CamaroSkooter

I don't see how that's relevant... Income is income, whether it's one person earning it or two.

that is not right. 2 people have more expenses together than they do individually. you buy more food, more gas, double the insurance, probably more rent, etc. you get the idea. just because it's the same dollar amount of money doesn't mean that if you earned that money alone you would be spending the same amount on required expenses like the ones i mentioned.

i did some math on this whole '200k household can afford a 100k car' concept earlier and this is what i came up with:

earning 200k will get you an annual tax liability of about 53k. so your disposable income is 147k, or 12,250 per month.

let's assume you pay 3k per month in mortgage with your wifey. so you're at 9,250 now.

let's assume that you have to eat (such a PITA, i know), and you have to even eat out sometimes. i'd say this is an easy 1-2k for 2 people @ 200k a year. now you've got 7,250.

bills are going to have to be paid, and i bet they are expensive for a home with a 3k mortgage. let's say between the cell phone, the electricity, the water, the cable, and the gas, you're spending 1k a month collectively. that's now 6,250.

oops, i forgot to take out medicare and social security. that's about another 750 per month. now you're down to 5,500.

now you've got insurance, play time, medical expenses, do you freaking have kids? let's say you have 1. if you both make 200k collectively then you aren't letting the wife stay home. you have to have daycare, and that is not cheap. daycare alone--at a crappy place in dallas--is about 1k per month. so you add all of those up and i'd say you're easily looking at about 3k per month on average. so now you have 2,500 to spend.

oh wait, she has a car too. dang i forgot. she can only drive a nissan SUV though, so we're only going to spend $350 a month on her note. so now we are at 2,150.

oh, and about that GT-R. i just did a bankrate calc of a 100k loan financed at 3.5% for 5 years. total came out to $1,820 per month. it's unfortunate, but you are now living at the level you want to with the expenses required at this level, and you only have $330 per month left to spare, which i assume is going to your monstrous retirement fund of 4,000 per year (or 2% of you and your wife's total income).

i sure hope you don't have a flat tire or your kid gets sick this month.

[infernometallicSS]

Originally Posted by kiteman

that is not right. 2 people have more expenses together than they do individually. you buy more food, more gas, double the insurance, probably more rent, etc. you get the idea. just because it's the same dollar amount of money doesn't mean that if you earned that money alone you would be spending the same amount on required expenses like the ones i mentioned.

i did some math on this whole '200k household can afford a 100k car' concept earlier and this is what i came up with:

earning 200k will get you an annual tax liability of about 53k. so your disposable income is 147k, or 12,250 per month.

let's assume you pay 3k per month in mortgage with your wifey. so you're at 9,250 now.

let's assume that you have to eat (such a PITA, i know), and you have to even eat out sometimes. i'd say this is an easy 1-2k for 2 people @ 200k a year. now you've got 7,250.

bills are going to have to be paid, and i bet they are expensive for a home with a 3k mortgage. let's say between the cell phone, the electricity, the water, the cable, and the gas, you're spending 1k a month collectively. that's now 6,250.

oops, i forgot to take out medicare and social security. that's about another 750 per month. now you're down to 5,500.

now you've got insurance, play time, medical expenses, do you freaking have kids? let's say you have 1. if you both make 200k collectively then you aren't letting the wife stay home. you have to have daycare, and that is not cheap. daycare alone--at a crappy place in dallas--is about 1k per month. so you add all of those up and i'd say you're easily looking at about 3k per month on average. so now you have 2,500 to spend.

oh wait, she has a car too. dang i forgot. she can only drive a nissan SUV though, so we're only going to spend $350 a month on her note. so now we are at 2,150.

oh, and about that GT-R. i just did a bankrate calc of a 100k loan financed at 3.5% for 5 years. total came out to $1,820 per month. it's unfortunate, but you are now living at the level you want to with the expenses required at this level, and you only have $330 per month left to spare, which i assume is going to your monstrous retirement fund of 4,000 per year (or 2% of you and your wife's total income).

i sure hope you don't have a flat tire or your kid gets sick this month.

Actually if you are making 200k you will realistically only pay Medicare for about 6 months before you hit the cap. Other than that it's pretty realistic. Except for maybe the 3k mortgage. That's a bit baller like. Lol.

[kiteman]

Originally Posted by infernometallicSS

Actually if you are making 200k you will realistically only pay Medicare for about 6 months before you hit the cap. Other than that it's pretty realistic. Except for maybe the 3k mortgage. That's a bit baller like. Lol.

there is also a social security cap, but if you split both of those liabilities into a monthly amount, it'd be somewhere in that range.

my girlfriend and i spend 2.2k per month on rent (1,100 each), and we do not make 200k per year. in dallas, rent under 1k per month is almost impossible unless you live far away or in a crummy neighborhood. i would suspect most cities are the same or worse. so i think 3k is pretty reasonable.

there is always the possibility you live in a small inexpensive town and make 200k combined. but 200k combined implies there are good job opportunities around. the amount of 200k households in the city probably far outweigh the amount of 200k households in rural areas. besides, how often do you see a GT-R on a country road?

[C5RocksC5]

damn, my household income is over that and I can't afford a GT-R. Priorities is what it boils down to.

[Number 3]

Originally Posted by kiteman

i read this the other day. does this surprise anyone? i feel like the combined household income is super low to afford a 100k car, but of course averages don't mean exactly 200k. still, even if 20% are millionaires, the other 80% have to have salaries quite a bit less than 200k to make 200k the average...



http://www.insideline.com/nissan/gt-...announced.html

Uhhhhhhhh, 20% millionaires?

The $200,000 annual income is the top 5%.

And not to be politically insensitive, but the "mythical" top 1% is $383,000 per year. Yeah that will fix the....................ooops that's political.

[Chevrole+]

Originally Posted by kiteman

that is not right. 2 people have more expenses together than they do individually.

what if it is a really really big man?