Boy friend wants a new car. I disagree. Who is right? >He

>taking out a new loan when the last one's not paid off yet
Sure, that sounds like a brilliant idea.

>makes 8k a year
He should probably trade in his car for a bike and a bus pass.

>>15694324
Tits or gtfo

>>15694353
>>>/b/

>>15694353
This is a blue board.

>>15694324
buying a car that costs almost 3 times his yearly income was a retarded idea. Buying one that costs more than 4 times as much is retardeder

>>15694324
Let him learn the hard way. Either he gets bent over and never considers it again, or he survives the Jewish wringer and gets to keep his Subie and you can look back years down the track and think about how you almost talked him out of enjoying his cash.

>>15694324
>makes 8 grand a yeae
>wants new car
This is how poor people stay poor

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>>15694334
>Never financed anything in their life

It's pretty common for people to trade in a car 2-3 years in to a 5-7 year loan, or even as soon as the loan payoff dips below the current market value.

>>15694435
Really? I thought it was conservative ideology.

I fail to see the problem since he's at home. If he's making 8k part time while going to school, it's feasible.

>>15694475
If such were the case then why do black people vote Democrat whilst being poor?

>>15694487
Obviously because the Republicans are keeping them poor.

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>makes 8 thousand dollars a year
>Eight. Thousand.
>Per. Year.
>currently pays 360/per Month on 22k loan for a Civic
>wants to pay 440/mo
>That's almost 3/4 of your gross income going into a car

What the fuck. Is this the beginning of a "Tales from the stealership" story? Why are poor people so fucking stupid? Just get a used shitbox and save your money. Jesus fucking christ.

>8k/year
Can you even eat on that?

>>15694515
>this is what democucks actually believe

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>>15694324
holy shit why do people who make so little money take out such large loans? jesus fuck save up for the things you want. cant reasonably save that much? GOOD. dont buy it and work harder to make more to earn the things you want. bunch of dependent children who cant be fucked to save a fucking penny. paycheck this week? too bad that moneys gone before it hits your bank account because you owe every lender and their kids an arm and a leg.

>>15694535
>republicans actually believe that i'm a democrat and this is what i actually believe

>>15694324
Let me drop you a fucking tip:

http://budgeting.thenest.com/good-debttoincome-ratios-auto-loans-20363.html

>Multiply your gross income by 36 percent to determine the maximum monthly debt payments you can make.

>8000/yr = 666/mo
>36% of 666 = 239.76

Your boyfriend should be paying at a MAXIMUM $239 per month on car payments, unless he wants to be poor forever.

>>15694487
>why do black people vote Democrat whilst being poor

For maximum gibsmedats

>>15694613
kek

>>15694455
>HUR DUR ERRYBUDY DUZ IT!
>thinks that makes it a sound financial move

>>15694324
It's his money let the nigger buy whatever he wants.

>>15694324
>gets 15k for trading in the civic
Trading in the civic he doesn't actually own?

Tell him to stop being a retard and spending all his money on depreciating assets. spending all of your years salary on a car is beyond retarded

>>15694324
Sell the car privately, pay off your loan, privately buy an older civic for $3000.

8k a year? My God. If this guy goes anywhere near a car dealership dump his ass.

>>15694742
But its his hobby!

>>15694353
>boyfriend
>owns Civic Si
>wants WRX

OP and his boyfriend are obviously gay men. Do you really want gay mantits?

>>15694948
>two fun sporty DDs
>must be gay
Lol okay faggot. Have fun driving that crown vic for the 5 years.

>>15694923
>his hobby is spending money he doesn't have

>>15694324
>He makes $8k/year
>He's taking a $4k loss on a car he just bought
It's an awful idea.

>>15694324
>8k a year
Make him buy a cheap shitbox or dump his financially retarded ass.

>>15694324
440 x 12 = 5280$

I use 200$ CND of gas a month, i'll assume half for OP's case (best case scenario). so 1200$ a year
1200+5280=6480$

Now add insurance to that, which should at least be 100$ a month in the absolute best case scenario, but since a WRX is a "sport" car it should be more. Shit i pay 130 on a 2 door civic. So another 1200$ a year.

Total: 7680$ if i'm being conservative.

Have fun you faggots, you retards truly deserve each other.

>>15694324
Might want to trade your beta-cuck boyfriend in, if it's his finances why the fuck is your opinion relevant? If it somehow affects your finances, then he is a toxic anchor.

>>15694324
Isn't that almost half the poverty line?

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>makes 8k per year
>Already has a 22k loan
>8k per fucking year
>8k PER FUCKING YEAR

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>>15694324
Dump his ass and get with me. I make 64k a year and it only goes up baby.

>>15695530
>mfw make $5k / month sometimes depending how much I work

Did op calculate 8k after taxes and such? If he's working part-time, he must have not worked as many hours as he coulda. Assuming he worked part time making 10 an hour for 24 hrs a week he shoulda made at least 11520.... so his parents must really like him for him to front over that money in the short term.

ITT: People who are poor who are financially conservative trying to talk to an OP who's family obviously washes his nuts for him

What's he going to school for?

Obviously no one survives wanting shit like si civics and wrexes and makes 8k forever. So this is basically a temporary situation.

Is it make money degree, or are his academic decisions just as retarded?

Obviously the debt is going to outlast the 8k a year shit. Where's it going?

>8k a year

are you ugly or something? you know you could do better if you are at least 7/10. maybe even 6/10

And here I though I was the stupid one for taking out a 26k loan when I make only 42k/yr.

I make 9k a year and I'm iffy on whether it's even worth paying 150/month on a car.

Jesus Christ. Your boyfriend has already made a stupid fucking decision. You do realize with him spending all his money on his car his life is literally at a standstill and he's not planning on progressing any further right?

>>15694572
democucks actually believe that republicans believe that they're democrats and that's what they actually believe

>>15696154
People believe that democrats and republicans dont believe the same things.

>>15694577
>good debt to income ratios
my debt to income ratio is basically below -1.
sub-zero debt because actually no debt and savings bigger than my yearly income
how yuropoor am I?

>financing a second hand car

People actually do this?

>>15695567
nice story I make six figures btw

>>15695228
After all that forgot to mention
$320.00/yr to spend on OP's significant other
Not even $1 /day

>>15694516
Just wait until he's tailgaiting you while in traffic.

>>15696895
kek

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>tfw I make around $8k/yr since I'm only working the occasional weekend currently
>tfw I have no other choice but to do this right now
Sure is nice to have someone post about someone else's stupid shit situation to make my life seem better by comparison

>there are people who make <$10,000/yr who aren't children or retirees

Jesus Christ, wtf. You practically have to be aggressively lazy to make that little.

You are joking right? He makes 8k a year and wants to get a new car? Come back to us when he makes about 10x that figure. Only then can the two of you safely afford a new car.

You are dating the prime example of stupidity.

>>15694577
>Multiply your gross income by 36 percent to determine the maximum monthly debt payments you can make.
This is retarded, this formula is telling me to take 300 out of each 2 week paycheck just for the car payment. There's no fucking way I'd pay 600 a month before insurance, which would easily be another 400 because of my age.

>>15694435
that's not how you spell bailouts for big banks

>>15695051
That he can't afford at all because he works a shit burger flipping job and is obviously also wasting his money on snapbacks, vape juice and feeding his gf shit food cause they are both losers of the lower-middle class. Fuck this thread

how the hell does he make 8k a year. i'm in college and only work weekends and i make 12k pre taxes.

>>15694324
How the fuck did he get financed only making 8 grand a year?
This is a fucking stupid idea. He shouldn't have spent more than 3-5 grand on something old and maybe ugly, but mechanically sound.

And how does he only make 8k? Is he a part time burger flipper??

>>15699127
The last few years it's been the Same here, after some actually pretty kick ass Heath insurance.

>makes 8k a year

And how the fuck do you manage that? What area and job pays you 154+/- a week?

>>15699276
I worked about 3-4 days a week for about 3 hours at a time after school and I made around that much weekly.

This was in highschool btw.

over 15 years ago.

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>>15694324
Yes please go deeper in debt on something that deprecates like a montherfucker.

I make $120K a year and I keep a car payment below $450... how? because I never get big loans and I make sure I have equity or a car paid off before I get a newer one.

>>15694324
>Boy friend wants a new car. I disagree. Who is right?

He’s right – he does want a new car. You disagree that it’s a good idea, not with the fact that he wants a new car.

If he’s close to graduating and isn’t going to take a break between college and work, then sure, it can work. The usual rules of thumb for car price vs. income don’t really apply if you know your income is about to jump up. It’s still a dumb idea, of course. He already has a nice car for a college student – what’s bothering him about it?

Don’t marry him.

>>15699307
And I bet you bought a brand new Corvette with money you made selling lemonade and mowing lawns, grandpa.

>>15699170
Mommy and Daddy cosigned his privileged gay ass that's how.
He would also need them to cosign for new loan if they were good parents they would say no

>>15700216
truth

>>15698548
>pretty much never work
>HURR OMG I'M SO POOR ;~;

m8 shut the fuck up. That's honestly pretty decent if you only have to work weekends for it.

>>15694338
This, how does he even eat?

>>15699127
So what, you're making about $15 an hour? It's pretty easy to end up making less than that if you don't want to work labour and don't have a degree.

>>15699323
>equity
>car

Pick one and only one

>>15701509
Ue didn't say the car was equity
Learn to read

>and yes banks Consider cars as equity

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>dating a poorfag

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this entire thread is bait
8k a year is literally less than a NEET pulls on autismbux

Holy fuck if op exists and dates the said bf that always exists

Do you want some retard in 50k of debt to father your children? Why not go straight for a nig

>>15694324
This is exceptional bait

>>15694324
>makes 8k a year
>college student
>taking out loans for "race" cars
Not a bright one is he?

>>15701572
Might be more true than you think if he's a college student. University only pays out our IT staff 13$ /hr with a max of like 12 hours a week, and they're probably on the higher end of the student pay grade. Kid is still a retard, but students who do research or work on campus have very little 'rights' as workers go, hell work-study only guarantees ~$5k/year here in Cali.

>>15695643
Would you believe me if I said I like his personality?

>>15694435
On top of student loan debt. Just use Uber at school, beater throwaway car for home.

>>15694324
>all these people falling for this obvious b8

>>15695704
I thought I was retarded taking a $16k loan making 40k/yr

>>15701316
>He lives at home with minimal expenses
Step it up desu baka

>>15702897
I WISH DIS WAS BAIT.

>>15703114
Don't let him do it OP. Unless he is living at home and his parents are paying for it + insurance, it is downright retarded.

>>15702595
12 hours a week? that's not even a real fucking job

>>15703150
They are paying for insurance + all living expenses.

He only pays for his current car + fun spending.

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>Makes 8k a year
>Financed a car already
>Wants to finance to another for more

>>15694324

I saved up for 3 years working part time to buy my '06 STi, so if I can do it, that fag can do it, too

>>15703405
Delayed gratification is hard.

>>15694324
>8k a year
>22k car
>honda

good lord... keep all weapons and sharp objects away from this guy.. He's a ticking time bomb.

>>15699546
Ugh, just pointing out that at some point in a young man's life he has to realize when he's going down the road of being a dead beat bitch.

>>15696877
yeah bro me too my portfolio's looking to fly next year

>>15705512
Yeah and if you can work on your patience you might be able to unfuck yourself out of being a "millennial". Me I'm working on getting a better job and using my shit job to amass a large amount of shitboxes and repairs to my inherited home.

>>15694324
Jan Vincent don't do it I know it's you, I already told you youre a dumb motherfucker

>>15698548
At least you have an actual job m8.

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>>15694324
>$8k a year
>financing a cars that cost 3x more than he makes in a year
>mfw

>>15694324
desu tell him to buy a motorcycle instead if he wants to go faster

>>15705765
Um.... He already has a motorcycle.

He doesnt pay for it though. His senpai does.

Its a 750 gsxr. I might be wrong, I dont know much about motor vehicles.

>>15705790
>He fell for the every vehicle must be a racecar meme
TOP KEK! He's a financial idiot and a tool.

>makes 8 grand a year
>wants new car

sounds like a bernie voter

>>15694715
Kek. Just thought about this. Probably will get $15k on the Civic he still owes $19k on.

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>>15705790
What the fuck, does he also take them to a shop for maintenance, or can he actually do something else than show off with money he doesn't have?

Subaru sucks. The motor will spin a bearing whilst still under the warranty period and Subaru will try to deny the warranty claim (whether or not you modified the engine)

>>15694487

Dems give welfare and free lunch. Pubs say 'no'

>>15695630
underrated post

>>15695228
he's already paying for gas and insurance on the civic, so it's not going to be an additional 200 each month for gas and ins

everyone in this thread giving him shit for making $8k / year: stfu, he's in college. Judge him for what he makes once he graduates.
Unless he's doing under 9 credit hours / semester... in which case he should be able to make more.

having said that, I think >>15694740 has the best idea in the whole thread. Sell the car he has to a private party (will get more than 15k if that's the dealer's quote), buy a car for 3k, use the 12k+ on living expenses or to reduce student loans

>>15705790
shit, just saw this. don't by the 3k car. use the 15k+ one loans / expenses and just use the bike.

>>15705790
his real problem is having parents that pay for everything and never let him feel financial hardship. if he never feels the squeeze, he'll never learn how to wisely use his money.

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>>15694324
>>15705790

75% chance this is a trolling/bait thread, but I'm going to give the (you)s anyway.

Your boyfriend is an entitled neet with a ME ME ME instant-gratification attitude. No one, and I mean FUCKING. NOBODY. thinks this is a good idea. Dump his ass and find someone else if you know what's good for you.

My god, I'm just in awe of the utter stupidity on display here. Millenials whine about not being able to pay for college, well this here is the goddamn reason why. I bet your boyfriend is also a nu-male that supports Bernie Sanders baka.

I can't tell you how many faggots at my university have taken out loans on WRXs, BRZs, Civic Sis, etc. 8-9 months later and I see them trying to unload them on the local Craigslist because they can't make the payments and the dealer wouldn't buy it back at what they owed.

>>15705830
HE is a trump voter.

He already chose to buy it. I might as well delete the thread. He borrowed 600 for his down payment and gave it to the dealership already.

>>15705684
W

>>15694324
>Makes $8000 a year
>Has $22,0000 debt
>Half yearly income goes towards car payments

Must be nice living with mommy and daddy till you're 40

>>15694324
best idea ever.
do it goy.