Who is stretching the most to buy this beast?
#1
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. . .
I believe the median is ~$250k, per Bob W., but I was curious about what sits out there at 2 std. deviations. . .
#5
AudiWorld Super User
...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.
#7
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.
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.
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#10
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.
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.