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-   RS4 (B7 Platform) Discussion (https://www.audiworld.com/forums/rs4-b7-platform-discussion-121/)
-   -   Who is stretching the most to buy this beast? (https://www.audiworld.com/forums/rs4-b7-platform-discussion-121/who-stretching-most-buy-beast-2707926/)

McGyver 07-11-2006 06:00 AM

Who is stretching the most to buy this beast?
 
That is, stretching "financially." My guess is that there may be a single guy making $85k, no mortgage, making this work or one who is married (one income family) earning $150k.

I believe the median is ~$250k, per Bob W., but I was curious about what sits out there at 2 std. deviations. . .

Parikh1234 07-11-2006 06:37 AM

no wife, sold my dog, living in the trunk of my car, and I only got 2 pair of underwear left
 
thank god for fold down seats!

ny bruin 07-11-2006 06:49 AM

Who cares? There's stupid ppl all over the world.

CHIO 07-11-2006 06:55 AM

trust fund baby!!! :)

bpp 07-11-2006 06:57 AM

...I've been digging roots and foraging off the land. The tree house has palm leaves for cover...
 
no walls. But I'm not stretching it by any means as I still have the S4. It hasn't moved in months I do an obligatory startup every now and again to move the oil around...palm leaves cover it too, sorta like a garage maybe.

Bob W. 07-11-2006 06:58 AM

well, consider there are probably at least a few with little or no income.
 
or should I say, little or no *reportable* income.

dxben 07-11-2006 07:14 AM

I suspect most RS4 owners are capable of owning the car
 
Afterall, its hard to buy a car like this without good credit and proof of income or assets that support the payments.

I suppose its possible, but I would think most underwriting banks wouldn't entertain the idea. It's not like a house where they will assume ownership of an asset worth increasing value.

Pete S4 07-11-2006 07:50 AM

I don't know if I'd use the ability to finance as a measure of affordability....
 
Credit has become much easier, probably way too easy, in recent years.

absoluteis 07-11-2006 07:57 AM

Ya. Its called ca$h

dxben 07-11-2006 08:05 AM

I would never put much cash into a car, for one reason..
 
I can almost always make better gains on my cash in investments. Tying up large ammounts of cash on a car like this takes my money out of the market.

Even if I make only 2-4% more than I'm paying in interest on the financing, that's 2-4% more that my money is working for me, and usually its going to much more.

That said I think it makes sense to hedge slightly by putting some small percentage of the cost down as cash at time of purchase, but nothing too significant.

Then again not everyone is going to be comfortable putting their money into risky market positions to make this situation work.


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