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Old 03-10-2011, 04:29 PM   #5 (permalink)
370zFORme!!
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Join Date: Mar 2010
Location: SoCal
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Quote:
Originally Posted by I want a Z View Post
those are some low numbers - do people that actually make below $50,000 buy a $35,000 car? That's 70% of their income, makes no sense at all.
Those numbers don't really mean anything because most people don't finance their cars in one year. If they pay cash upfront then there is no way they only make 50k a year. Now if you made 50k a year and financed a 35k car over 4 or 5 years, that's only 14% of their income over 5 years. I was only making 40k a year when I purchased my Z and I've never had a problem making my payments.
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87' Honda Civic Hatchback: Kaput @ 288,000 miles, 90' Toyota Celica: Kaput @ 175,000 miles, 93' Mitsubishi 3000GT VR4: Kaput @ 138,000 miles, 06' Scion Tc: Traded in @ 64,000 miles, 10' Nissan 370z: Traded in @ 25,000 miles, 12' Subaru Impreza Sti: Current.
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