@sccredit wrote:
@disdreamin wrote:
@Anonymous wrote:umm because of the fact that i have a the required credit score they are looking for along with the income and Debt to Income ratio.
Then why did you even ask the question in the first place? If you are that certain it's a slam-dunk, just go buy your car...oh, excuse me...go lease your car.
Seriously? Why waste the time posting here?
FWIW, as your salary goes up, so does your tax bracket. So that $20K won't really be $2K extra in your pocket each month (and $20K per year =/= $2K per month even pre-tax). And if someone gives me 10,000 GRAND, as you said in your previous post ("Hell even an extra 10,000 grand gives me enough breathing room."), I am quitting my job. Right then and there.
x2!
OP - IMO (which is what you get on a public forum) you are making a foolish decision. A $100k car, even on a $100k income is foolish. Life changes very very fast. For example when my wife and I started dating I lived in a condo at the beach in San Clemente CA and worked in a high rise in Newport Beach making extremely good money managing an investment fund. in 2008-2009 the condo was sold (even though I put 20% down I came out break even), the Saleen (S281/Mustang)was sold and I was driving my truck around UNEMPLOYED.
A year later, I was driving a crappy Chevy Trailblazer around, a married man, preparing for a kid and making less than half of what I was previously. You never know what will happen and you are not thinking ahead enough, you are setting yourself up for failure.
Again, just my opinion, take it for what you want.
^^^This is so true! Life has a funny way of doing a 180 when you least expect it. I have my own story to tell, but will refrain because I don't want to bring the mood of the thread down.
$100k income is no where near the income you need to support either a lease or a purchase of a $100k vehicle.
As pointed out you need more than just income. The dealer is going to want to see assets, and a history of making large payments. If you don't have that history, they are going to want you to reduce the risk to the lender.
Having said the above, it is not unusual for young men to want to buy the big expensive vehicle when they have no other responsibilites. It is showing that you can stick it out and make the payments during the entire term of the lease that will be the issue, because you have no recent history of large payments for the long term.
@Anonymous wrote:Don't forget the added value that you get with the lifetime supply of free tampons for driving an electric car.
Ok, that made a lot of sense.
