Quote:
Originally Posted by Captain Morgan
Ok, I can understand this to a point. However, that doesn't mean young T-rock needs to drop 15-20k on a vehicle. He can still get something reliable that will project an image of stability, without going into debt for it. Then, when he's saved up enough, he can trade in his stable car for a little bit newer stable car. I guess my "fuck image" sentiment was more about "there is no reason to go into debt to impress, even if you're in sales." Show that you're smart with your money and your decisions, be an honest person, and sell the right products to the right people.
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I hear you but I'm sorry, if he can get in on <5% rates vs the 2% or less he'll get from a savings account, your argument is null and void, my friend. There is also the old car "payment" to consider. It's a payment that I'm well aware of having used the Bonneville for work driving 300+ miles a day. Maintenance and repairs can cost almost as much as a payment depending on the car and the amount of miles that you travel. Gas mileage may also be a factor. He could potentially half his gas expenditure by buying a newer more efficient vehicle. Speaking of insurance, 21 year old male+Mustang=$$$. If you subtract these factors from his monthly payment, he may potentially break even.