eddie66
Elio Addict
- Joined
- Apr 12, 2014
- Messages
- 1,341
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Nice try Tony, but Wayne has left the building. The only time he opens his mouth is to change feet, so rest assured he will interpret your post the way he sees fit, and comment upon his return. Let me refer you back a couple posts to Rule #2Wayne,
First, median U.S. house income in 2014 is reported to be $53k. So, 50% of all families haul in less than $53k. Second, the average price of a new car in 2013 according to Kelly Blue Book was $33k.
Now, while I hesitate to involve myself in the affairs of others, I really don't see where you are going with your comments about how Paul's strategy will fail if he makes a vehicle whose payment would be $150.28 on a 5 year loan at 7.5% APR (assuming total purchase price of $7500 to factor in financing to tax, title, and registration, credit score below 650 http://www.chemungcanal.com/home/personal/loans/auto/rates)?
There are a boatload (heck, a shipload - a whole convoy - supertankers worth) of people who (1) commute; (2) drive a used vehicle; (3) have $150 a month rolling around; (4) count pennies and hate spending money on gas. I was in the grocery store the other day and a guy who I had seen getting out of a vehicle that probably cost $10k was bitching about how the price of bread had gone up $0.10. Everyone has pride and those of lesser means want exactly the same stuff those of greater means do: a chicken in the pot, a working fridge, and their plot of land. In SoCal, these folks tend to drive extremely long distances because proximity to coasts and short commutes translate to housing prices well into the 7 digits.
You, sir, are an idiot if you are drawing the conclusion that this forum is representative of any group other than folks with time on their hands. People of tight means are for the most part working two jobs just to afford gas.