Car Payments?

[DrkPhx]

Originally Posted by mrmarklin

Paying $1,253 per month 60 months. Zero down, car loaded with all options available including dealer installed options + guzzler of 2,600.

Here in CA it's not even close to a mortgage payment.

F!@# me. That's insane. That's more than my mortgage. I miss CA, but not the high cost of living. I can only guess what property tax and homeowners insurance cost there.

[2010SLVRBULIT]

could probably swing it, but isn't it just an expensive toy that mostly sits in the garage accumulating dust while monthly draining your bank account?

[Bumblebee2012]

Originally Posted by oldfriend

On those numbers have you included any [ forced ] or otherwise savings , retirement budget , vacation money , etc ?
Just didn't see it there , even the emergency fund
The times change , from one direction to another , and most of us don't even know beforehand
So it's allways a good thing , to have a box with something in , just in case
And I think that's one of the reasons so many people get in trouble so quick , soon after a big pursage .

If your asking about me personally, yes, I have a cash emergency fund I keep in a safe, I'm lucky to have a solid job that allows me to put around $12,000 a year in my 401k, and my wife has a savings account that gets fed automatically from each pay. We run on a written budget and unless a true emergency comes up, we stick to the plan. But I know my limits, and a ZL1 or GT500 is not fitting in the plan. I can't afford a near $1000 third car payment and keep the system going that will allow for my goal of $1,000,000+ in my 401k to retire on. I also have all of the benefit options maxed out and that pulls about $600 a month from my pay. I could reduce the family benefits, but that's not a wise choice in my opinion just to buy myself a car that's out of my league. I'm selfish to a point, but I try to make sure I don't shoot my own foot off!

Sent from my SCH-I605 using Tapatalk 4 Beta

[GoEagles88]

I seriously can't imagine a car payment over $1200 a month. That translates to $15000 a year and that's not close to the mortgage payment on the house?

Louisiana is looking better and better to me. 2 paid off cars, 7 years left on my house mortgage... sounds like I would be living in a refrigerator box in California.

[ZL1-V]

Originally Posted by DrkPhx

F!@# me. That's insane. That's more than my mortgage. I miss CA, but not the high cost of living. I can only guess what property tax and homeowners insurance cost there.

One of the main reasons I am thinking of relocating to Texas now that I am retired. The Premium fuel was 50 cents a gallon cheaper when I was there in April! California is beautiful and grandiose but you pay for that!

[ZL1-V]

Originally Posted by Bumblebee2012

If your asking about me personally, yes, I have a cash emergency fund I keep in a safe, I'm lucky to have a solid job that allows me to put around $12,000 a year in my 401k, and my wife has a savings account that gets fed automatically from each pay. We run on a written budget and unless a true emergency comes up, we stick to the plan. But I know my limits, and a ZL1 or GT500 is not fitting in the plan. I can't afford a near $1000 third car payment and keep the system going that will allow for my goal of $1,000,000+ in my 401k to retire on. I also have all of the benefit options maxed out and that pulls about $600 a month from my pay. I could reduce the family benefits, but that's not a wise choice in my opinion just to buy myself a car that's out of my league. I'm selfish to a point, but I try to make sure I don't shoot my own foot off!

Sent from my SCH-I605 using Tapatalk 4 Beta

You are doing it right. I stuffed as much as I possibly could into deferred compensation for 29 years when I was working. Even after I was divorced and giving up a piece of it I'm still well off! I waited until I retired at 53 to buy my ZL1. I no longer have a wife over me trying to to tell me how to spend the money. That way I can enjoy it. My kids are grown and taken care of so time for ME to enjoy myself. The thing you don't want to do is sit on your money and not ever buy what you want. Can't take it with you and don't leave it all for someone else to spend, that what you worked for to begin with. Just my 2 cents.

[Sugar's ZL1]

Like HDRDTD, one payment.

[2012-1822]

Who knew this would turn into a Dave Ramsey special on Camaro5

[Sugar's ZL1]

I've met Dave Ramsey, and I'll tell you, he is one nice fella!