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View Poll Results: What percent is your payment?
<5%
2
10.53%
5-7.5%
4
21.05%
7.5-10%
6
31.58%
10-12.5%
2
10.53%
12.5-15%
1
5.26%
>15%
4
21.05%
Voters: 19. You may not vote on this poll

What is 'Affordable?'

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Old Jun 18, 2004 | 01:53 PM
  #1  
ApexAddict's Avatar
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Question What is 'Affordable?'

So the 8 starts around 26,000 for the 6 speed, and I was curious if anyone would share what percentage of their monthly take-home their payments consume?

I know its kinda rude to ask, but I am seeking information to determine whether or not I can _really_ afford an 8...

I heard that one should not spend any more than 15% of your take home on car payments, and I am wondering if other people follow this logic...?

AAout
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Old Jun 18, 2004 | 02:15 PM
  #2  
Hercules's Avatar
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I leased. Lots cheaper
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Old Jun 18, 2004 | 02:27 PM
  #3  
legokcen's Avatar
The Turkish Delight
 
Joined: Dec 2003
Posts: 1,998
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From: Albany, Georgia
I bought. Cheaper in the long run since she's a keeper!!!
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Old Jun 18, 2004 | 02:54 PM
  #4  
blue flash's Avatar
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From: b f e
paid cash; just one car payment
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Old Jun 18, 2004 | 03:24 PM
  #5  
Reximus Maximus's Avatar
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From: Minneapolis, MN
Talking

Whoa Nelly.... I can't believe 3 out of 8 people that have responded to this poll as of now are actually spending more than 15% of their take home pay on their car payment.

A little financial planning may be in order for some of the members!
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Old Jun 18, 2004 | 04:09 PM
  #6  
legokcen's Avatar
The Turkish Delight
 
Joined: Dec 2003
Posts: 1,998
Likes: 1
From: Albany, Georgia
Well, there are a lot of people who have higher car payments than they do mortgage payments. Americans are consumers.
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Old Jun 18, 2004 | 04:24 PM
  #7  
rxeightr's Avatar
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Joined: Jan 2003
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From: Alabama
Originally posted by Reximus Maximus
Whoa Nelly.... I can't believe 3 out of 8 people that have responded to this poll as of now are actually spending more than 15% of their take home pay on their car payment.

A little financial planning may be in order for some of the members!
I am one of those in that category. Maybe it was more like proper planning, as I opted to do 3 year payback instead of 6.....

What should I be spending my income on, if not one of the best Sports car for the money? Please share.
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